Traders bought shares of Kroger Company (The) (NYSE:KR) on weakness during trading on Wednesday. $73.09 million flowed into the stock on the tick-up and $41.98 million flowed out of the stock on the tick-down, for a money net flow of $31.11 million into the stock. Of all equities tracked, Kroger Company (The) had the 20th highest net in-flow for the day. Kroger Company (The) traded down ($0.03) for the day and closed at $20.53

Several research firms have issued reports on KR. BMO Capital Markets set a $32.00 target price on Kroger Company (The) and gave the stock a “hold” rating in a research note on Saturday, June 10th. Bank of America Corporation cut Kroger Company (The) from a “buy” rating to a “neutral” rating in a research note on Thursday, June 15th. Royal Bank Of Canada reissued a “buy” rating and set a $34.00 target price on shares of Kroger Company (The) in a research note on Tuesday, June 13th. Wells Fargo & Company reissued a “buy” rating and set a $28.00 target price (down previously from $35.00) on shares of Kroger Company (The) in a research note on Monday, June 12th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $26.00 target price (down previously from $30.00) on shares of Kroger Company (The) in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $28.54.

The company has a market capitalization of $18.41 billion, a PE ratio of 12.52 and a beta of 0.76. The stock’s 50-day moving average price is $21.42 and its 200-day moving average price is $25.57.

Kroger Company (The) (NYSE:KR) last announced its quarterly earnings results on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The firm had revenue of $27.60 billion during the quarter, compared to the consensus estimate of $27.48 billion. During the same period in the prior year, the firm earned $0.47 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that Kroger Company will post $1.97 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a $0.125 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.50 annualized dividend and a yield of 2.42%. Kroger Company (The)’s dividend payout ratio is currently 30.30%.

Kroger Company (The) announced that its Board of Directors has initiated a stock repurchase plan on Thursday, June 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

A number of hedge funds and other institutional investors have recently made changes to their positions in KR. Private Advisor Group LLC boosted its position in Kroger Company (The) by 96.0% in the 1st quarter. Private Advisor Group LLC now owns 45,428 shares of the company’s stock valued at $626,000 after buying an additional 22,252 shares during the last quarter. Delta Lloyd NV boosted its position in Kroger Company (The) by 14.9% in the 1st quarter. Delta Lloyd NV now owns 346,435 shares of the company’s stock valued at $10,272,000 after buying an additional 44,968 shares during the last quarter. Peapack Gladstone Financial Corp boosted its position in Kroger Company (The) by 1.7% in the 1st quarter. Peapack Gladstone Financial Corp now owns 11,189 shares of the company’s stock valued at $330,000 after buying an additional 189 shares during the last quarter. Pinnacle Associates Ltd. boosted its position in Kroger Company (The) by 2.5% in the 1st quarter. Pinnacle Associates Ltd. now owns 93,966 shares of the company’s stock valued at $2,771,000 after buying an additional 2,260 shares during the last quarter. Finally, Evermay Wealth Management LLC purchased a new position in Kroger Company (The) in the 1st quarter valued at about $242,000. Hedge funds and other institutional investors own 75.83% of the company’s stock.

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Kroger Company (The) Company Profile

The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.

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