Kroger Co (NYSE:KR) VP Carin L. Fike sold 1,538 shares of Kroger stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.61, for a total value of $39,388.18. Following the completion of the sale, the vice president now directly owns 25,956 shares of the company’s stock, valued at $664,733.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Kroger Co (KR) opened at $26.88 on Tuesday. The stock has a market capitalization of $22,834.03, a PE ratio of 13.23, a price-to-earnings-growth ratio of 3.39 and a beta of 0.92. The company has a current ratio of 0.85, a quick ratio of 0.31 and a debt-to-equity ratio of 2.11. Kroger Co has a fifty-two week low of $19.69 and a fifty-two week high of $36.44.
Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. The company had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. Kroger’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS. sell-side analysts predict that Kroger Co will post 2.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Tuesday, November 14th. Kroger’s payout ratio is currently 29.76%.
Several research analysts recently commented on KR shares. BidaskClub raised Kroger from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Oppenheimer reissued a “buy” rating and set a $28.00 target price on shares of Kroger in a research note on Tuesday, September 5th. Deutsche Bank reissued a “buy” rating and set a $26.00 target price on shares of Kroger in a research note on Tuesday, September 5th. Royal Bank Of Canada set a $34.00 target price on Kroger and gave the stock a “buy” rating in a research note on Monday, August 28th. Finally, Hilliard Lyons reissued a “buy” rating and set a $30.00 target price on shares of Kroger in a research note on Tuesday, September 12th. Eighteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $29.16.
Several institutional investors have recently bought and sold shares of KR. Janus Henderson Group PLC lifted its holdings in shares of Kroger by 6,611.2% in the 2nd quarter. Janus Henderson Group PLC now owns 8,260,260 shares of the company’s stock valued at $192,630,000 after purchasing an additional 8,137,179 shares during the last quarter. FMR LLC lifted its holdings in shares of Kroger by 17.7% in the 2nd quarter. FMR LLC now owns 49,409,616 shares of the company’s stock valued at $1,152,232,000 after purchasing an additional 7,446,349 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of Kroger in the 3rd quarter valued at about $119,454,000. Principal Financial Group Inc. increased its position in Kroger by 255.5% in the 2nd quarter. Principal Financial Group Inc. now owns 6,596,264 shares of the company’s stock valued at $153,825,000 after acquiring an additional 4,740,751 shares during the period. Finally, Equity Investment Corp Acquisition Inc acquired a new position in Kroger in the 2nd quarter valued at about $71,486,000. 79.10% of the stock is owned by institutional investors and hedge funds.
Kroger 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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