Kroger Company (The) (KR) Receives “Outperform” Rating from Wells Fargo & Company
Wells Fargo & Company restated their outperform rating on shares of Kroger Company (The) (NYSE:KR) in a research report sent to investors on Friday, MarketBeat Ratings reports. Wells Fargo & Company currently has a $26.00 price objective on the stock.
Several other equities research analysts have also weighed in on KR. Vetr lowered Kroger Company (The) from a strong-buy rating to a buy rating and set a $25.31 price target on the stock. in a research report on Monday, July 10th. Royal Bank Of Canada set a $34.00 target price on Kroger Company (The) and gave the stock a buy rating in a report on Tuesday, July 18th. BidaskClub raised Kroger Company (The) from a hold rating to a buy rating in a report on Wednesday, August 9th. Deutsche Bank AG reissued a buy rating and issued a $26.00 target price on shares of Kroger Company (The) in a report on Tuesday, September 5th. Finally, Oppenheimer Holdings, Inc. reissued a buy rating and issued a $28.00 target price on shares of Kroger Company (The) in a report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Kroger Company (The) presently has a consensus rating of Hold and an average price target of $29.14.
Shares of Kroger Company (KR) remained flat at $$21.33 during midday trading on Friday. The stock had a trading volume of 2,010,000 shares, compared to its average volume of 16,260,000. Kroger Company has a 52 week low of $19.69 and a 52 week high of $36.44. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.33 and a current ratio of 0.87. The firm has a market cap of $18,970.00, a P/E ratio of 11.26, a P/E/G ratio of 1.65 and a beta of 0.83.
Kroger Company (The) (NYSE:KR) last issued its quarterly earnings results on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.39. The firm had revenue of $27.60 billion during the quarter, compared to the consensus estimate of $27.48 billion. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $0.47 EPS. sell-side analysts predict that Kroger Company will post 2 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.50 annualized dividend and a yield of 2.34%. Kroger Company (The)’s dividend payout ratio (DPR) is presently 30.30%.
Several institutional investors have recently bought and sold shares of the company. Bank of Nova Scotia raised its stake in shares of Kroger Company (The) by 906.4% during the 1st quarter. Bank of Nova Scotia now owns 211,840 shares of the company’s stock valued at $6,247,000 after buying an additional 190,790 shares during the last quarter. Cardinal Capital Management Inc. purchased a new position in shares of Kroger Company (The) in the 2nd quarter valued at about $455,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Kroger Company (The) by 497.2% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock valued at $129,000 after purchasing an additional 4,390 shares in the last quarter. Frontier Investment Mgmt Co. boosted its holdings in Kroger Company (The) by 107.2% in the 2nd quarter. Frontier Investment Mgmt Co. now owns 50,142 shares of the company’s stock worth $1,169,000 after buying an additional 25,940 shares during the last quarter. Finally, AMG National Trust Bank boosted its holdings in Kroger Company (The) by 107.3% in the 2nd quarter. AMG National Trust Bank now owns 69,867 shares of the company’s stock worth $1,629,000 after buying an additional 36,164 shares during the last quarter. 75.59% of the stock is owned by hedge funds and other institutional investors.
About Kroger Company (The)
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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