Kroger Co (NYSE:KR) VP Carin L. Fike sold 646 shares of the stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $29.23, for a total value of $18,882.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
KR opened at $29.07 on Monday. Kroger Co has a 52 week low of $19.99 and a 52 week high of $32.74. The firm has a market cap of $23.21 billion, a PE ratio of 14.25, a PEG ratio of 2.10 and a beta of 0.92. The company has a quick ratio of 0.26, a current ratio of 0.73 and a debt-to-equity ratio of 1.65.
Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, September 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. Kroger had a return on equity of 28.05% and a net margin of 3.05%. The business had revenue of $27.87 billion during the quarter, compared to analyst estimates of $27.95 billion. During the same period last year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Equities research analysts predict that Kroger Co will post 2.12 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Madison Investment Holdings Inc. raised its stake in shares of Kroger by 6.3% in the second quarter. Madison Investment Holdings Inc. now owns 29,726 shares of the company’s stock valued at $846,000 after acquiring an additional 1,758 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in Kroger by 4.6% in the second quarter. Pinnacle Associates Ltd. now owns 40,952 shares of the company’s stock valued at $1,165,000 after buying an additional 1,800 shares in the last quarter. TIAA FSB raised its stake in Kroger by 9.7% in the second quarter. TIAA FSB now owns 20,549 shares of the company’s stock valued at $585,000 after buying an additional 1,812 shares in the last quarter. CIBC Asset Management Inc raised its stake in Kroger by 2.0% in the second quarter. CIBC Asset Management Inc now owns 94,607 shares of the company’s stock valued at $2,692,000 after buying an additional 1,837 shares in the last quarter. Finally, First Fiduciary Investment Counsel Inc. raised its stake in Kroger by 0.4% in the second quarter. First Fiduciary Investment Counsel Inc. now owns 448,830 shares of the company’s stock valued at $12,769,000 after buying an additional 1,920 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.
KR has been the subject of several analyst reports. TheStreet upgraded Kroger from a “c+” rating to a “b” rating in a research report on Friday, June 29th. Citigroup reiterated a “buy” rating and issued a $34.00 price objective on shares of Kroger in a research report on Tuesday, June 26th. Jefferies Financial Group increased their price objective on Kroger from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, June 22nd. Zacks Investment Research upgraded Kroger from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Monday, July 16th. Finally, Northcoast Research reiterated a “buy” rating and issued a $36.00 price objective on shares of Kroger in a research report on Monday, July 23rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.15.
Kroger Company Profile
The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.
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