Kroger (KR) Given “Hold” Rating at Oppenheimer
Oppenheimer reaffirmed their hold rating on shares of Kroger (NYSE:KR) in a research note released on Monday morning. Oppenheimer currently has a $26.00 price objective on the stock. Oppenheimer also issued estimates for Kroger’s FY2020 earnings at $1.90 EPS.
KR has been the topic of several other reports. Royal Bank Of Canada set a $34.00 price target on shares of Kroger and gave the stock a buy rating in a research report on Monday, August 28th. Zacks Investment Research downgraded shares of Kroger from a hold rating to a sell rating in a research report on Tuesday, August 29th. Jefferies Group reiterated a hold rating on shares of Kroger in a research report on Friday, August 25th. Pivotal Research set a $30.00 price target on shares of Kroger and gave the stock a buy rating in a research report on Saturday. Finally, Northcoast Research upgraded shares of Kroger from a neutral rating to a buy rating in a research report on Monday, November 6th. Eighteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Kroger presently has a consensus rating of Hold and a consensus price target of $29.16.
Kroger (KR) traded down $0.72 on Monday, reaching $26.16. 8,085,074 shares of the company’s stock traded hands, compared to its average volume of 12,372,164. The company has a quick ratio of 0.31, a current ratio of 0.85 and a debt-to-equity ratio of 2.11. Kroger has a fifty-two week low of $19.69 and a fifty-two week high of $36.44. The company has a market capitalization of $22,834.03, a P/E ratio of 13.23, a PEG ratio of 3.39 and a beta of 0.92.
Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The business had revenue of $27.75 billion for the quarter, compared to the consensus estimate of $27.48 billion. During the same period last year, the firm earned $0.41 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. research analysts expect that Kroger will post 2.03 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.91%. Kroger’s payout ratio is 29.76%.
In other news, VP Carin L. Fike sold 1,538 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction of $39,388.18. Following the sale, the vice president now directly owns 25,956 shares in the company, valued at approximately $664,733.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Greenlight Capital Inc. bought a new stake in Kroger in the 3rd quarter valued at $7,268,000. GSA Capital Partners LLP bought a new stake in Kroger in the 3rd quarter valued at $278,000. Truepoint Inc. increased its holdings in Kroger by 1,906.0% in the 3rd quarter. Truepoint Inc. now owns 475,262 shares of the company’s stock valued at $475,000 after acquiring an additional 451,570 shares during the last quarter. Gyroscope Capital Management Group LLC bought a new stake in Kroger in the 3rd quarter valued at $234,000. Finally, Cetera Advisor Networks LLC increased its holdings in Kroger by 30.2% in the 3rd quarter. Cetera Advisor Networks LLC now owns 20,168 shares of the company’s stock valued at $406,000 after acquiring an additional 4,675 shares during the last quarter. Institutional investors own 79.10% of the company’s stock.
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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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