Kroger Company (The) (NYSE:KR) – Research analysts at Oppenheimer Holdings lowered their FY2019 earnings per share estimates for shares of Kroger Company (The) in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst R. Parikh now expects that the company will post earnings per share of $1.73 for the year, down from their prior estimate of $1.90. Oppenheimer Holdings has a “Hold” rating and a $22.00 price objective on the stock.

Several other equities analysts have also recently issued reports on KR. UBS AG restated a “neutral” rating and issued a $27.00 price target (down from $32.00) on shares of Kroger Company (The) in a research report on Friday, June 16th. BidaskClub upgraded shares of Kroger Company (The) from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Stephens started coverage on shares of Kroger Company (The) in a research report on Friday, August 11th. They issued an “underweight” rating and a $20.00 price target for the company. BMO Capital Markets set a $32.00 price target on shares of Kroger Company (The) and gave the company a “hold” rating in a research report on Saturday, June 10th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Kroger Company (The) from a “buy” rating to a “neutral” rating and decreased their price target for the company from $33.00 to $26.00 in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $28.54.

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Kroger Company (NYSE KR) traded up 1.02% on Thursday, reaching $20.74. 12,591,324 shares of the company traded hands. Kroger Company has a 52-week low of $19.69 and a 52-week high of $36.44. The firm has a market cap of $18.45 billion, a P/E ratio of 12.55 and a beta of 0.76. The stock has a 50-day moving average price of $21.48 and a 200-day moving average price of $25.61.

Kroger Company (The) (NYSE:KR) last posted its quarterly earnings results on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The firm had revenue of $27.60 billion during the quarter, compared to analyst estimates of $27.48 billion. During the same quarter in the prior year, the business posted $0.47 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year.

Kroger Company (The) announced that its board has initiated a share repurchase program on Thursday, June 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 4.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Tuesday, November 14th. Kroger Company (The)’s dividend payout ratio (DPR) is 30.30%.

Hedge funds have recently made changes to their positions in the company. IHT Wealth Management LLC raised its holdings in shares of Kroger Company (The) by 122.1% in the second quarter. IHT Wealth Management LLC now owns 2,770 shares of the company’s stock valued at $376,000 after purchasing an additional 1,523 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Kroger Company (The) in the second quarter valued at about $105,000. Cedar Wealth Management LLC raised its holdings in shares of Kroger Company (The) by 155.9% in the second quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock valued at $116,000 after purchasing an additional 3,040 shares during the last quarter. CWM LLC raised its holdings in shares of Kroger Company (The) by 1,162.2% in the second quarter. CWM LLC now owns 5,213 shares of the company’s stock valued at $122,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of Kroger Company (The) by 497.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock valued at $129,000 after purchasing an additional 4,390 shares during the last quarter. Institutional investors own 75.83% of the company’s stock.

About Kroger Company (The)

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.

Earnings History and Estimates for Kroger Company (The) (NYSE:KR)

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