Kroger Company (The) (KR) Earns “Outperform” Rating from Wells Fargo & Company
Kroger Company (The) (NYSE:KR)‘s stock had its “outperform” rating reiterated by investment analysts at Wells Fargo & Company in a research note issued to investors on Friday, MarketBeat reports. They currently have a $26.00 price objective on the stock. Wells Fargo & Company’s price target suggests a potential upside of 20.93% from the stock’s previous close.
Several other brokerages have also recently issued reports on KR. BidaskClub upgraded Kroger Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Vetr upgraded Kroger Company (The) from a “buy” rating to a “strong-buy” rating and set a $27.01 price objective for the company in a research note on Wednesday, August 9th. Stephens began coverage on Kroger Company (The) in a research note on Friday, August 11th. They issued an “underweight” rating and a $20.00 price objective for the company. Royal Bank Of Canada set a $34.00 price objective on Kroger Company (The) and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Finally, UBS AG cut Kroger Company (The) from an “outperform” rating to a “market perform” rating in a research note on Friday, September 8th. One research 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 company currently has a consensus rating of “Hold” and an average price target of $29.14.
Kroger Company (NYSE KR) traded up $0.32 during trading on Friday, reaching $21.50. The company’s stock had a trading volume of 11,153,295 shares, compared to its average volume of 16,243,238. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.33 and a current ratio of 0.87. Kroger Company has a 52 week low of $19.69 and a 52 week high of $36.44. The stock has a market capitalization of $19,124.72, a PE ratio of 11.26, a PEG ratio of 1.67 and a beta of 0.82.
Kroger Company (The) (NYSE:KR) last announced its quarterly earnings data on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The firm had revenue of $27.60 billion during the quarter, compared to analysts’ expectations of $27.48 billion. During the same period last year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. equities research analysts predict that Kroger Company will post 2 EPS for the current fiscal year.
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Large investors have recently modified their holdings of the company. Bank of Nova Scotia boosted its stake in shares of Kroger Company (The) by 906.4% in the first quarter. Bank of Nova Scotia now owns 211,840 shares of the company’s stock worth $6,247,000 after acquiring an additional 190,790 shares during the last quarter. Cardinal Capital Management Inc. acquired a new stake in shares of Kroger Company (The) in the second quarter worth approximately $455,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake 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 worth $129,000 after acquiring an additional 4,390 shares during the last quarter. AMG National Trust Bank boosted its stake in shares of Kroger Company (The) by 107.3% in the second quarter. AMG National Trust Bank now owns 69,867 shares of the company’s stock worth $1,629,000 after acquiring an additional 36,164 shares during the last quarter. Finally, TIAA FSB acquired a new stake in shares of Kroger Company (The) in the second quarter worth approximately $3,265,000. 75.71% of the stock is currently 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.
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