Kroger Company (The)’s (KR) Outperform Rating Reaffirmed at Oppenheimer Holdings, Inc.

Kroger Company (The) (NYSE:KR)‘s stock had its “outperform” rating reissued by analysts at Oppenheimer Holdings, Inc. in a note issued to investors on Sunday, June 18th. They presently have a $28.00 target price on the stock, down from their prior target price of $38.00. Oppenheimer Holdings, Inc.’s target price points to a potential upside of 22.43% from the company’s previous close.

A number of other research analysts also recently commented on KR. Zacks Investment Research raised shares of Kroger Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, February 20th. Guggenheim reissued a “buy” rating and set a $40.00 target price on shares of Kroger Company (The) in a research report on Tuesday, February 28th. Barclays PLC reissued an “equal weight” rating and set a $33.00 target price on shares of Kroger Company (The) in a research report on Tuesday, February 28th. Vetr downgraded shares of Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $34.57 price objective on the stock. in a research report on Wednesday, March 1st. Finally, Credit Suisse Group set a $33.00 price objective on shares of Kroger Company (The) and gave the stock a “hold” rating in a research report on Thursday, March 2nd. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $30.51.

Shares of Kroger Company (NYSE KR) opened at 22.87 on Friday. Kroger Company has a 1-year low of $20.46 and a 1-year high of $37.26. The company’s 50-day moving average is $27.53 and its 200 day moving average is $30.69. The company has a market cap of $20.52 billion, a price-to-earnings ratio of 13.77 and a beta of 0.76.

Kroger Company (The) (NYSE:KR) last posted its earnings results on Thursday, June 15th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The business had revenue of $36.29 billion for the quarter, compared to the consensus estimate of $35.69 billion. Kroger Company (The) had a net margin of 1.35% and a return on equity of 29.10%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 EPS. Equities analysts anticipate that Kroger Company will post $1.98 EPS for the current year.

Kroger Company (The) declared that its board has initiated a stock repurchase plan on Thursday, June 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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In related news, insider Christopher T. Hjelm sold 12,139 shares of the business’s stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $30.00, for a total value of $364,170.00. Following the completion of the sale, the insider now owns 225,037 shares of the company’s stock, valued at approximately $6,751,110. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Oflen Mary Elizabeth Van sold 8,000 shares of the business’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $30.04, for a total transaction of $240,320.00. Following the completion of the sale, the vice president now directly owns 65,564 shares of the company’s stock, valued at approximately $1,969,542.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,339 shares of company stock valued at $1,935,920. Company insiders own 0.87% of the company’s stock.

Large investors have recently modified their holdings of the company. Aldebaran Financial Inc. raised its stake in shares of Kroger Company (The) by 0.6% in the first quarter. Aldebaran Financial Inc. now owns 14,130 shares of the company’s stock valued at $417,000 after buying an additional 78 shares during the last quarter. Vident Investment Advisory LLC raised its stake in shares of Kroger Company (The) by 0.3% in the fourth quarter. Vident Investment Advisory LLC now owns 42,464 shares of the company’s stock valued at $1,465,000 after buying an additional 113 shares during the last quarter. Cadence Capital Management LLC raised its stake in shares of Kroger Company (The) by 0.7% in the first quarter. Cadence Capital Management LLC now owns 19,717 shares of the company’s stock valued at $581,000 after buying an additional 143 shares during the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of Kroger Company (The) by 4.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 4,323 shares of the company’s stock valued at $125,000 after buying an additional 171 shares during the last quarter. Finally, Savant Capital LLC raised its stake in shares of Kroger Company (The) by 1.7% in the first quarter. Savant Capital LLC now owns 10,527 shares of the company’s stock valued at $310,000 after buying an additional 171 shares during the last quarter. 77.84% of the stock is owned by institutional investors.

Kroger Company (The) 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 Company (The) (NYSE:KR)

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