Kroger Co (NYSE:KR) – Equities researchers at Oppenheimer raised their FY2020 earnings estimates for Kroger in a report issued on Monday. Oppenheimer analyst R. Parikh now forecasts that the company will earn $1.90 per share for the year, up from their previous estimate of $1.80. Oppenheimer currently has a “Hold” rating and a $26.00 target price on the stock.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, November 30th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.04. The firm had revenue of $27.75 billion during the quarter, compared to analyst estimates of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS.

Other research analysts also recently issued reports about the stock. Jefferies Group reduced their target price on shares of Kroger from $24.00 to $19.00 and set a “hold” rating for the company in a research report on Monday, September 11th. Vetr raised shares of Kroger from a “buy” rating to a “strong-buy” rating and set a $27.01 target price for the company in a research report on Wednesday, August 9th. Moffett Nathanson assumed coverage on shares of Kroger in a research report on Monday. They set a “buy” rating for the company. UBS downgraded shares of Kroger from an “outperform” rating to a “market perform” rating in a research report on Friday, September 8th. Finally, Hilliard Lyons reissued a “buy” rating and set a $30.00 target price on shares of Kroger in a research report on Tuesday, September 12th. Eighteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $29.16.

Kroger (NYSE:KR) traded up $0.19 during trading on Tuesday, hitting $26.41. 8,174,251 shares of the stock were exchanged, compared to its average volume of 12,349,835. Kroger has a 1 year low of $19.69 and a 1 year high of $36.44. The company has a market cap of $23,600.00, a P/E ratio of 13.86, a P/E/G ratio of 3.55 and a beta of 0.93. The company has a quick ratio of 0.31, a current ratio of 0.85 and a debt-to-equity ratio of 2.11.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.89%. The ex-dividend date was Tuesday, November 14th. Kroger’s payout ratio is 29.76%.

In related news, Director Jorge P. Montoya sold 10,000 shares of Kroger stock in a transaction on Monday, December 4th. The shares were sold at an average price of $26.98, for a total value of $269,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Carin L. Fike sold 1,538 shares of Kroger stock in a transaction on Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the completion of the transaction, the vice president now owns 25,956 shares in the company, valued at approximately $664,733.16. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of KR. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Kroger 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 acquiring an additional 4,390 shares during the period. Frontier Investment Mgmt Co. boosted its stake in shares of Kroger by 107.2% during the 2nd quarter. Frontier Investment Mgmt Co. now owns 50,142 shares of the company’s stock valued at $1,169,000 after purchasing an additional 25,940 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in shares of Kroger by 66.3% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 87,411 shares of the company’s stock valued at $1,776,000 after purchasing an additional 34,856 shares in the last quarter. AMG National Trust Bank boosted its stake in shares of Kroger by 107.3% during the 2nd quarter. AMG National Trust Bank now owns 69,867 shares of the company’s stock valued at $1,629,000 after purchasing an additional 36,164 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Kroger by 10.0% during the 3rd quarter. Toronto Dominion Bank now owns 347,530 shares of the company’s stock valued at $6,971,000 after purchasing an additional 31,561 shares in the last quarter. Institutional investors own 79.10% of the company’s stock.

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Kroger 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.

Earnings History and Estimates for Kroger (NYSE:KR)

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