Kroger (NYSE:KR) will be announcing its earnings results before the market opens on Thursday, June 20th. Analysts expect the company to announce earnings of $0.72 per share for the quarter.
KR opened at $24.63 on Thursday. The firm has a market capitalization of $19.30 billion, a PE ratio of 11.67, a P/E/G ratio of 1.44 and a beta of 0.71. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.76 and a quick ratio of 0.28. Kroger has a 12 month low of $22.44 and a 12 month high of $32.74.
KR has been the topic of several recent analyst reports. Scotiabank set a $32.00 target price on Kroger and gave the company a “buy” rating in a research report on Friday, March 8th. Bank of America reduced their target price on Kroger from $37.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. TheStreet lowered Kroger from a “b-” rating to a “c+” rating in a research report on Wednesday, June 5th. Morgan Stanley reduced their target price on Kroger from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, March 8th. Finally, ValuEngine raised Kroger from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.84.
In other Kroger news, Director Robert D. Beyer sold 80,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $24.52, for a total transaction of $1,961,600.00. Following the sale, the director now owns 126,800 shares in the company, valued at approximately $3,109,136. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Christopher T. Hjelm sold 16,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $25.80, for a total value of $412,800.00. Following the sale, the executive vice president now owns 282,429 shares in the company, valued at approximately $7,286,668.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,416 shares of company stock worth $2,694,175. Company insiders own 1.34% of the company’s stock.
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The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.
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