Kroger Co (NYSE:KR) – Oppenheimer raised their Q4 2020 EPS estimates for shares of Kroger in a research report issued on Thursday, December 5th. Oppenheimer analyst R. Parikh now forecasts that the company will post earnings of $0.58 per share for the quarter, up from their previous estimate of $0.57. Oppenheimer currently has a “Outperform” rating and a $26.00 target price on the stock.
A number of other research analysts also recently issued reports on KR. ValuEngine upgraded shares of Kroger from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Citigroup dropped their price objective on shares of Kroger from $30.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Telsey Advisory Group restated a “market perform” rating and issued a $29.00 price objective on shares of Kroger in a report on Friday. UBS Group lifted their price objective on shares of Kroger from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kroger from $24.00 to $27.00 in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $27.32.
Shares of NYSE:KR opened at $27.49 on Monday. The firm’s 50 day moving average price is $26.20 and its 200 day moving average price is $24.12. The stock has a market cap of $21.48 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 1.91 and a beta of 0.58. Kroger has a fifty-two week low of $20.70 and a fifty-two week high of $30.40. The company has a quick ratio of 0.27, a current ratio of 0.76 and a debt-to-equity ratio of 2.15.
Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). Kroger had a net margin of 1.31% and a return on equity of 20.55%. The company had revenue of $27.97 billion during the quarter, compared to analysts’ expectations of $28.18 billion. During the same quarter in the previous year, the business posted $0.48 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC purchased a new stake in shares of Kroger in the 2nd quarter valued at about $52,000. Janney Montgomery Scott LLC lifted its stake in Kroger by 16.7% in the second quarter. Janney Montgomery Scott LLC now owns 80,358 shares of the company’s stock valued at $1,745,000 after buying an additional 11,527 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Kroger by 1.9% in the second quarter. Fisher Asset Management LLC now owns 65,365 shares of the company’s stock valued at $1,419,000 after acquiring an additional 1,203 shares during the period. First Trust Advisors LP boosted its holdings in shares of Kroger by 44.9% in the second quarter. First Trust Advisors LP now owns 1,487,156 shares of the company’s stock valued at $32,286,000 after acquiring an additional 461,062 shares during the period. Finally, Carnick & Kubik Group LLC boosted its holdings in shares of Kroger by 1.5% in the second quarter. Carnick & Kubik Group LLC now owns 79,389 shares of the company’s stock valued at $1,724,000 after acquiring an additional 1,164 shares during the period. Institutional investors own 79.11% of the company’s stock.
In related news, VP Carin L. Fike sold 4,652 shares of Kroger stock in a transaction on Friday, September 13th. The shares were sold at an average price of $26.00, for a total transaction of $120,952.00. Following the sale, the vice president now directly owns 33,796 shares in the company, valued at approximately $878,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Carin L. Fike sold 4,000 shares of Kroger stock in a transaction on Monday, September 16th. The stock was sold at an average price of $26.19, for a total transaction of $104,760.00. Following the sale, the vice president now owns 33,796 shares in the company, valued at $885,117.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 134,323 shares of company stock valued at $3,537,389. Company insiders own 1.34% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Friday, November 15th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.33%. Kroger’s dividend payout ratio is presently 30.33%.
Kroger Company Profile
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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