Kroger Company (The) (NYSE:KR) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 60,825,038 shares, a growth of 17.6% from the August 15th total of 51,718,973 shares. Approximately 6.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,528,568 shares, the days-to-cover ratio is presently 4.2 days.

Several equities analysts have recently commented on KR shares. Wells Fargo & Company reissued a “buy” rating and issued a $28.00 target price (down previously from $35.00) on shares of Kroger Company (The) in a report on Monday, June 12th. Royal Bank Of Canada reissued a “buy” rating and issued a $34.00 target price on shares of Kroger Company (The) in a report on Tuesday, June 13th. Argus reissued a “buy” rating on shares of Kroger Company (The) in a report on Monday, June 19th. Deutsche Bank AG set a $26.00 target price on shares of Kroger Company (The) and gave the stock a “buy” rating in a report on Monday, June 19th. Finally, Vetr downgraded shares of Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $26.33 target price on the stock. in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.58.

In related news, insider J Michael Schlotman bought 2,000 shares of the stock in a transaction dated Monday, June 26th. The shares were purchased at an average price of $22.73 per share, with a total value of $45,460.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.85% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Assets Investment Management LLC grew its position in shares of Kroger Company (The) by 108.6% during the first quarter. American Assets Investment Management LLC now owns 73,000 shares of the company’s stock worth $2,153,000 after buying an additional 38,000 shares in the last quarter. Swiss National Bank grew its position in shares of Kroger Company (The) by 26.4% during the first quarter. Swiss National Bank now owns 3,178,196 shares of the company’s stock worth $93,725,000 after buying an additional 663,800 shares in the last quarter. World Asset Management Inc grew its position in shares of Kroger Company (The) by 16.0% during the first quarter. World Asset Management Inc now owns 109,274 shares of the company’s stock worth $3,222,000 after buying an additional 15,042 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in shares of Kroger Company (The) by 34.3% during the first quarter. UBS Asset Management Americas Inc. now owns 8,439,905 shares of the company’s stock worth $248,893,000 after buying an additional 2,155,865 shares in the last quarter. Finally, British Columbia Investment Management Corp grew its position in shares of Kroger Company (The) by 5.2% during the first quarter. British Columbia Investment Management Corp now owns 340,048 shares of the company’s stock worth $10,028,000 after buying an additional 16,887 shares in the last quarter. 74.63% of the stock is owned by institutional investors.

Kroger Company (KR) opened at 21.57 on Friday. The company has a market capitalization of $19.26 billion, a PE ratio of 13.05 and a beta of 0.79. Kroger Company has a 12-month low of $20.41 and a 12-month high of $36.44. The stock has a 50 day moving average of $22.83 and a 200-day moving average of $26.49.

Kroger Company (The) (NYSE:KR) last released its earnings results on Friday, September 8th. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $27.60 billion during the quarter, compared to the consensus estimate of $27.48 billion. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. Kroger Company (The)’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. Equities analysts expect that Kroger Company will post $1.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.32%. The ex-dividend date is Tuesday, November 14th. Kroger Company (The)’s dividend payout ratio is currently 30.30%.

Kroger Company (The) declared that its board has authorized a stock repurchase plan on Thursday, June 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

TRADEMARK VIOLATION NOTICE: “Short Interest in Kroger Company (The) (KR) Expands By 17.6%” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of international trademark & copyright law. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/09/17/short-interest-in-kroger-company-the-kr-expands-by-17-6.html.

Kroger Company (The) 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.

Receive News & Ratings for Kroger Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.