Kroger Co (KR) Receives Consensus Rating of “Hold” from Analysts

Shares of Kroger Co (NYSE:KR) have been given a consensus rating of “Hold” by the thirty ratings firms that are covering the stock, MarketBeat reports. Seventeen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $28.70.

A number of research analysts have issued reports on KR shares. Zacks Investment Research raised Kroger from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Goldman Sachs Group reissued a “neutral” rating and issued a $22.00 price target on shares of Kroger in a report on Tuesday, November 14th. Citigroup boosted their price target on Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, December 26th. Wells Fargo & Co reissued an “outperform” rating and issued a $26.00 price target on shares of Kroger in a report on Friday, November 3rd. Finally, ValuEngine downgraded Kroger from a “buy” rating to a “hold” rating in a report on Sunday, December 31st.

Shares of Kroger (NYSE:KR) traded up $0.60 during trading hours on Tuesday, reaching $29.07. The company’s stock had a trading volume of 12,042,941 shares, compared to its average volume of 9,850,000. Kroger has a one year low of $19.69 and a one year high of $34.75. The firm has a market capitalization of $25,620.00, a P/E ratio of 17.30, a PEG ratio of 4.89 and a beta of 0.96. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The company had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.48 billion. During the same period in the previous year, the company posted $0.41 earnings per share. Kroger’s revenue for the quarter was up 4.5% on a year-over-year basis. equities research analysts anticipate that Kroger will post 2.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Wednesday, February 14th. Kroger’s payout ratio is 29.76%.

In related news, VP Carin L. Fike sold 1,538 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now directly owns 25,956 shares in the company, valued at $664,733.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher T. Hjelm sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $30.64, for a total value of $245,120.00. Following the sale, the insider now owns 251,784 shares of the company’s stock, valued at $7,714,661.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 117,868 shares of company stock valued at $3,403,416. Corporate insiders own 0.87% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Thrivent Financial For Lutherans increased its position in shares of Kroger by 3.0% during the second quarter. Thrivent Financial For Lutherans now owns 34,850 shares of the company’s stock worth $813,000 after purchasing an additional 1,000 shares in the last quarter. Covington Capital Management increased its position in shares of Kroger by 15.8% during the second quarter. Covington Capital Management now owns 10,975 shares of the company’s stock worth $256,000 after purchasing an additional 1,500 shares in the last quarter. IHT Wealth Management LLC grew its holdings in Kroger by 122.1% in the 2nd quarter. IHT Wealth Management LLC now owns 2,770 shares of the company’s stock valued at $376,000 after buying an additional 1,523 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Kroger by 22.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,618 shares of the company’s stock valued at $264,000 after buying an additional 1,748 shares in the last quarter. Finally, Dowling & Yahnke LLC grew its holdings in Kroger by 5.8% in the 4th quarter. Dowling & Yahnke LLC now owns 33,174 shares of the company’s stock valued at $911,000 after buying an additional 1,805 shares in the last quarter. Hedge funds and other institutional investors own 79.59% 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.

Analyst Recommendations for Kroger (NYSE:KR)

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