Kroger Receives New Coverage from Analysts at BMO Capital Markets (KR)
BMO Capital Markets assumed coverage on shares of Kroger (NYSE:KR) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
In other Kroger news, SVP Geoffrey Covert sold 78,216 shares of Kroger stock on the open market in a transaction dated Friday, October 11th. The shares were sold at an average price of $41.30, for a total transaction of $3,230,320.80. Following the completion of the transaction, the senior vice president now directly owns 85,427 shares in the company, valued at approximately $3,528,135. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Kroger (NYSE:KR) traded up 1.78% on Wednesday, hitting $41.74. The stock had a trading volume of 883,851 shares. Kroger has a 1-year low of $24.19 and a 1-year high of $41.72. The stock has a 50-day moving average of $39.39 and a 200-day moving average of $36.59. The company has a market cap of $21.722 billion and a P/E ratio of 13.65.
Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, September 12th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $22.70 billion for the quarter, compared to the consensus estimate of $22.67 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts predict that Kroger will post $2.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, December 1st. Investors of record on Friday, November 15th will be paid a dividend of $0.17 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Wednesday, November 13th. This is an increase from Kroger’s previous quarterly dividend of $0.15.
A number of other analysts have also recently weighed in on KR. Analysts at Jefferies Group initiated coverage on shares of Kroger in a research note to investors on Monday, October 7th. They set a “hold” rating and a $45.00 price target on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of Kroger in a research note to investors on Wednesday, September 25th. They set a “buy” rating and a $46.00 price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Kroger from $44.00 to $47.00 in a research note to investors on Wednesday, September 25th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $40.00.
The Kroger Co is a retailer in the United States. The Company also manufactures and processes some of the food for sale in its supermarkets.
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