Insider Selling: Susan M. Phillips Sells 7,500 Shares of The Kroger Stock (KR)
The Kroger (NYSE:KR) Director Susan M. Phillips unloaded 7,500 shares of The Kroger stock on the open market in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $48.99, for a total transaction of $367,425.00. Following the completion of the sale, the director now directly owns 44,210 shares in the company, valued at approximately $2,165,848. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
KR has been the subject of a number of recent research reports. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of The Kroger in a research note on Thursday, June 26th. Separately, analysts at Morgan Stanley initiated coverage on shares of The Kroger in a research note on Wednesday, June 25th. They set an “overweight” rating and a $60.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Kroger in a research note on Tuesday, June 24th. They now have a $52.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The Kroger has an average rating of “Buy” and a consensus target price of $49.60.
Shares of The Kroger (NYSE:KR) traded down 0.22% during mid-day trading on Friday, hitting $48.86. The stock had a trading volume of 1,046,304 shares. The Kroger has a one year low of $35.13 and a one year high of $50.20. The stock has a 50-day moving average of $48.30 and a 200-day moving average of $43.40. The company has a market cap of $23.889 billion and a price-to-earnings ratio of 16.58.
The Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, June 19th. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.05 by $0.04. The company had revenue of $32.96 billion for the quarter, compared to the consensus estimate of $32.59 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts predict that The Kroger will post $3.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 1st. Stockholders of record on Friday, August 15th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Wednesday, August 13th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.