News stories about Kroger Company (The) (NYSE:KR) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kroger Company (The) earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.9277210964791 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Kroger to Leave Central States Pension and Start New Plan … – Bloomberg BNA (bna.com)
- Kroger details new restaurant plans – Louisville – Louisville Business … – Louisville Business First (bizjournals.com)
- Kroger to begin Central States withdrawal (pionline.com)
- Here’s what Kroger wants their first restaurant, Kitchen 1883, to look like (wcpo.com)
- The Kroger Co. Introduces Restaurant Concept Kitchen 1883 (finance.yahoo.com)
KR has been the subject of several research reports. Royal Bank Of Canada lowered their price objective on shares of Kroger Company (The) from $37.00 to $34.00 and set an “outperform” rating for the company in a research note on Friday, June 16th. Scotiabank lowered their price objective on shares of Kroger Company (The) from $36.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, June 16th. Goldman Sachs Group, Inc. (The) downgraded shares of Kroger Company (The) from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $33.00 to $26.00 in a research note on Friday, June 16th. BidaskClub upgraded shares of Kroger Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Vetr downgraded shares of Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $26.26 price objective for the company. in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eight have assigned 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 an average target price of $28.58.
Kroger Company (NYSE KR) traded up 1.46% during mid-day trading on Friday, hitting $21.57. 15,154,036 shares of the stock were exchanged. Kroger Company has a one year low of $20.41 and a one year high of $36.44. The company has a 50-day moving average price of $22.83 and a 200-day moving average price of $26.49. The company has a market cap of $19.26 billion, a P/E ratio of 13.05 and a beta of 0.79.
Kroger Company (The) (NYSE:KR) last released its earnings results on Friday, September 8th. The company reported $0.39 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The company had revenue of $27.60 billion during the quarter, compared to analysts’ expectations of $27.48 billion. During the same quarter last year, the business earned $0.47 EPS. The business’s revenue was up 3.9% on a year-over-year basis. Analysts forecast that Kroger Company will post $1.97 earnings per share for the current fiscal year.
Kroger Company (The) announced that its Board of Directors has approved a stock buyback plan on Thursday, June 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Tuesday, November 14th. Kroger Company (The)’s dividend payout ratio (DPR) is 30.30%.
In related news, insider J Michael Schlotman acquired 2,000 shares of Kroger Company (The) stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average price of $22.73 per share, for a total transaction of $45,460.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.85% of the stock is owned by company insiders.
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About Kroger Company (The)
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.
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