Kroger Co. (KR) Earns “Sector Perform” Rating from RBC Capital Markets
A number of other equities research analysts also recently issued reports on the stock. BMO Capital Markets downgraded shares of Kroger from an outperform rating to a market perform rating and upped their price objective for the stock from $34.01 to $35.00 in a research report on Tuesday, August 2nd. Royal Bank Of Canada reduced their price objective on shares of Kroger from $39.00 to $37.00 and set a sector perform rating for the company in a research report on Wednesday, September 7th. Zacks Investment Research downgraded shares of Kroger from a hold rating to a sell rating in a research report on Tuesday, August 30th. Citigroup Inc. reduced their price objective on shares of Kroger from $44.00 to $43.00 and set a buy rating for the company in a research report on Monday, August 29th. Finally, Piper Jaffray Cos. reaffirmed an underweight rating and issued a $29.00 price objective on shares of Kroger in a research report on Friday, June 17th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Kroger currently has a consensus rating of Buy and a consensus target price of $39.38.
Shares of Kroger (NYSE:KR) opened at 30.84 on Friday. Kroger has a 52-week low of $30.45 and a 52-week high of $42.75. The stock has a 50 day moving average of $32.03 and a 200-day moving average of $35.29. The firm has a market capitalization of $29.11 billion, a P/E ratio of 14.62 and a beta of 0.72.
Kroger (NYSE:KR) last issued its quarterly earnings data on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The business earned $26.60 billion during the quarter. During the same period in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts expect that Kroger will post $2.13 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, November 10th. Kroger’s dividend payout ratio is currently 22.86%.
In related news, VP Oflen Mary Elizabeth Van sold 12,000 shares of the stock in a transaction on Friday, July 8th. The shares were sold at an average price of $37.85, for a total transaction of $454,200.00. Following the transaction, the vice president now owns 82,349 shares of the company’s stock, valued at approximately $3,116,909.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kevin M. Dougherty sold 31,000 shares of the stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $31.05, for a total transaction of $962,550.00. Following the transaction, the insider now directly owns 130,857 shares in the company, valued at approximately $4,063,109.85. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Physicians Financial Services Inc. raised its stake in shares of Kroger by 7,500.0% in the second quarter. Physicians Financial Services Inc. now owns 3,040 shares of the company’s stock worth $112,000 after buying an additional 3,000 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Kroger by 32.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,246 shares of the company’s stock worth $119,000 after buying an additional 800 shares during the period. Integrated Investment Consultants LLC raised its stake in shares of Kroger by 2.8% in the second quarter. Integrated Investment Consultants LLC now owns 3,722 shares of the company’s stock worth $137,000 after buying an additional 100 shares during the period. Barnett & Company Inc. purchased a new stake in shares of Kroger during the first quarter worth about $145,000. Finally, Ledyard National Bank raised its stake in shares of Kroger by 16.2% in the second quarter. Ledyard National Bank now owns 4,300 shares of the company’s stock worth $158,000 after buying an additional 600 shares during the period. 80.18% of the stock is currently owned by institutional investors.
The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers.
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