Kroger Company (The) (NYSE:KR) – Equities researchers at Oppenheimer Holdings raised their Q3 2018 earnings estimates for Kroger Company (The) in a report issued on Wednesday. Oppenheimer Holdings analyst R. Parikh now forecasts that the company will earn $0.40 per share for the quarter, up from their previous estimate of $0.39. Oppenheimer Holdings currently has a “Hold” rating and a $22.00 target price on the stock. Oppenheimer Holdings also issued estimates for Kroger Company (The)’s FY2020 earnings at $1.80 EPS.

Kroger Company (The) (NYSE:KR) last issued 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 company had revenue of $27.60 billion during the quarter, compared to analyst estimates of $27.48 billion. During the same quarter last year, the business posted $0.47 EPS. Kroger Company (The)’s quarterly revenue was up 3.9% compared to the same quarter last year.

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A number of other brokerages also recently weighed in on KR. Royal Bank Of Canada lowered their price objective on shares of Kroger Company (The) from $37.00 to $34.00 and set an “outperform” rating on the stock in a research report on Friday, June 16th. Scotiabank lowered their price objective on shares of Kroger Company (The) from $36.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, June 16th. Goldman Sachs Group, Inc. (The) downgraded shares of Kroger Company (The) from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $33.00 to $26.00 in a research report on Friday, June 16th. BidaskClub upgraded shares of Kroger Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Vetr downgraded shares of Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $26.26 price objective on the stock. in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $28.54.

Shares of Kroger Company (NYSE:KR) traded down 0.507% during midday trading on Friday, hitting $20.595. 11,501,445 shares of the stock traded hands. The firm has a market capitalization of $18.32 billion, a PE ratio of 12.459 and a beta of 0.76. Kroger Company has a 52 week low of $19.69 and a 52 week high of $36.44. The company’s 50-day moving average is $21.42 and its 200 day moving average is $25.57. Kroger Company (The) also saw some unusual options trading activity on Thursday. Stock investors acquired 19,399 put options on the company. This represents an increase of approximately 127% compared to the typical daily volume of 8,553 put options.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.42%. Kroger Company (The)’s dividend payout ratio (DPR) is presently 30.30%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Eqis Capital Management Inc. grew its stake in Kroger Company (The) by 43.5% during the third quarter. Eqis Capital Management Inc. now owns 12,883 shares of the company’s stock valued at $258,000 after acquiring an additional 3,906 shares in the last quarter. Perpetual Ltd purchased a new position in Kroger Company (The) during the second quarter valued at $2,725,000. Frontier Investment Mgmt Co. grew its stake in Kroger Company (The) by 107.2% during the second quarter. Frontier Investment Mgmt Co. now owns 50,142 shares of the company’s stock valued at $1,169,000 after acquiring an additional 25,940 shares in the last quarter. Intl Fcstone Inc. purchased a new position in Kroger Company (The) during the second quarter valued at $645,000. Finally, Paradigm Financial Advisors LLC purchased a new position in Kroger Company (The) during the second quarter valued at $220,000. 75.83% of the stock is owned by hedge funds and other institutional investors.

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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