Kroger (NYSE:KR)‘s stock had its “market perform” rating reiterated by analysts at Telsey Advisory Group in a report released on Friday, Briefing.com Automated Import reports. They currently have a $29.00 target price on the stock. Telsey Advisory Group’s target price indicates a potential upside of 5.49% from the company’s current price.
A number of other analysts also recently issued reports on the company. Wells Fargo & Co raised their target price on Kroger from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. ValuEngine raised shares of Kroger from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Jefferies Financial Group cut shares of Kroger from a “buy” rating to a “hold” rating and lowered their price target for the company from $29.00 to $26.00 in a research report on Thursday, October 10th. Citigroup dropped their price objective on shares of Kroger from $30.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Finally, Morgan Stanley set a $26.00 price objective on shares of Kroger and gave the stock a “hold” rating in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. Kroger presently has a consensus rating of “Hold” and a consensus target price of $27.32.
KR stock opened at $27.49 on Friday. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.76 and a quick ratio of 0.27. The business has a 50 day simple moving average of $26.20 and a 200-day simple moving average of $24.12. The firm has a market capitalization of $21.48 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.91 and a beta of 0.58. Kroger has a 1 year low of $20.70 and a 1 year high of $30.40.
Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.01). The company had revenue of $27.97 billion for the quarter, compared to analysts’ expectations of $28.18 billion. Kroger had a return on equity of 20.55% and a net margin of 1.31%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 EPS. On average, equities research analysts expect that Kroger will post 2.2 EPS for the current year.
In related news, COO Michael Joseph Donnelly sold 1,574 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $26.46, for a total value of $41,648.04. Following the sale, the chief operating officer now directly owns 324,209 shares in the company, valued at approximately $8,578,570.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mary Ellen Adcock sold 15,400 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $28.00, for a total transaction of $431,200.00. Following the completion of the transaction, the senior vice president now directly owns 121,085 shares in the company, valued at approximately $3,390,380. The disclosure for this sale can be found here. Insiders have sold a total of 134,323 shares of company stock valued at $3,537,389 over the last three months. Corporate insiders own 1.34% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC raised its stake in shares of Kroger by 91,031.4% in the 3rd quarter. Millennium Management LLC now owns 3,005,513 shares of the company’s stock valued at $77,482,000 after acquiring an additional 3,002,215 shares during the period. Victory Capital Management Inc. boosted its position in shares of Kroger by 30.2% during the 2nd quarter. Victory Capital Management Inc. now owns 10,689,834 shares of the company’s stock worth $232,077,000 after purchasing an additional 2,477,585 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Kroger by 170.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,450,595 shares of the company’s stock worth $74,912,000 after purchasing an additional 2,173,370 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Kroger during the 2nd quarter worth approximately $35,064,000. Finally, Coho Partners Ltd. increased its holdings in Kroger by 31.1% in the 2nd quarter. Coho Partners Ltd. now owns 6,451,743 shares of the company’s stock valued at $140,067,000 after purchasing an additional 1,530,258 shares during the last quarter. Institutional investors and hedge funds own 79.11% of the company’s stock.
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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