Deutsche Bank upgraded shares of Kroger (NYSE:KR) from a sell rating to a hold rating in a report released on Tuesday morning, Briefing.com Automated Import reports. They currently have $27.00 price objective on the stock, up from their previous price objective of $22.00.
KR has been the subject of a number of other research reports. Jefferies Financial Group downgraded Kroger from a buy rating to a hold rating and lowered their price objective for the company from $29.00 to $26.00 in a research report on Thursday, October 10th. Citigroup lowered their price objective on Kroger from $30.00 to $21.00 and set a buy rating for the company in a research report on Tuesday, September 24th. UBS Group lifted their price objective on Kroger from $25.00 to $26.00 and gave the company a neutral rating in a research report on Friday, September 13th. Morgan Stanley set a $26.00 price objective on Kroger and gave the company a hold rating in a research report on Friday, September 13th. Finally, Pivotal Research reaffirmed a buy rating and issued a $30.00 price objective (up previously from $26.00) on shares of Kroger in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $27.35.
Shares of NYSE:KR traded down $0.16 during midday trading on Tuesday, reaching $26.75. The company’s stock had a trading volume of 4,700,171 shares, compared to its average volume of 8,254,271. The firm has a market cap of $21.69 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.94 and a beta of 0.56. The company has a quick ratio of 0.27, a current ratio of 0.76 and a debt-to-equity ratio of 2.15. Kroger has a 1 year low of $20.70 and a 1 year high of $30.75. The business has a 50 day moving average price of $25.26 and a 200 day moving average price of $23.94.
Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, September 12th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. The business had revenue of $28.17 billion during the quarter, compared to the consensus estimate of $28.34 billion. Kroger had a return on equity of 21.17% and a net margin of 1.36%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. Sell-side analysts anticipate that Kroger will post 2.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Thursday, November 14th. Kroger’s dividend payout ratio (DPR) is presently 30.33%.
In other Kroger news, SVP Mary Ellen Adcock sold 15,400 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $28.00, for a total transaction of $431,200.00. Following the completion of the sale, the senior vice president now owns 121,085 shares of the company’s stock, valued at $3,390,380. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Michael Joseph Donnelly sold 1,574 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $26.46, for a total value of $41,648.04. Following the completion of the sale, the chief operating officer now directly owns 324,209 shares of the company’s stock, valued at approximately $8,578,570.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,323 shares of company stock valued at $3,537,389. 1.34% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of KR. MUFG Americas Holdings Corp lifted its stake in shares of Kroger by 121.3% in the third quarter. MUFG Americas Holdings Corp now owns 3,320 shares of the company’s stock worth $86,000 after acquiring an additional 1,820 shares in the last quarter. Goelzer Investment Management Inc. lifted its stake in shares of Kroger by 3.8% in the third quarter. Goelzer Investment Management Inc. now owns 172,072 shares of the company’s stock worth $4,436,000 after acquiring an additional 6,374 shares in the last quarter. Rational Advisors LLC lifted its stake in shares of Kroger by 444.8% in the third quarter. Rational Advisors LLC now owns 2,860 shares of the company’s stock worth $74,000 after acquiring an additional 2,335 shares in the last quarter. Corient Capital Partners LLC acquired a new position in shares of Kroger in the third quarter worth about $247,000. Finally, D.A. Davidson & CO. acquired a new position in shares of Kroger in the third quarter worth about $265,000. 80.59% of the stock is owned by institutional investors.
The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.
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