Kroger Co (NYSE:KR) – Analysts at Northcoast Research increased their FY2018 earnings per share (EPS) estimates for shares of Kroger in a research report issued on Monday. Northcoast Research analyst C. Cerankosky now anticipates that the company will post earnings per share of $2.03 for the year, up from their prior estimate of $2.00. Northcoast Research currently has a “Buy” rating on the stock. Northcoast Research also issued estimates for Kroger’s FY2020 earnings at $2.17 EPS.
Several other equities analysts have also issued reports on the company. Royal Bank Of Canada set a $34.00 price target on Kroger and gave the company a “buy” rating in a research note on Monday, August 28th. Zacks Investment Research lowered Kroger from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Oppenheimer lowered Kroger to a “market perform” rating and dropped their price target for the company from $28.00 to $23.00 in a research note on Friday, September 8th. Jefferies Group reissued a “hold” rating on shares of Kroger in a research note on Friday, August 25th. Finally, Pivotal Research set a $30.00 price target on Kroger and gave the company a “buy” rating in a research note on Saturday. Eighteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $29.16.
Kroger (NYSE:KR) last announced its earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $27.75 billion for the quarter, compared to analysts’ expectations of $27.48 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Tuesday, November 14th. Kroger’s payout ratio is currently 29.76%.
In other Kroger news, Director Jorge P. Montoya sold 10,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $26.98, for a total value of $269,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Carin L. Fike sold 1,538 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.61, for a total value of $39,388.18. Following the completion of the transaction, the vice president now owns 25,956 shares of the company’s stock, valued at approximately $664,733.16. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.
A number of large investors have recently made changes to their positions in KR. Janus Henderson Group PLC grew its stake in shares of Kroger by 6,611.2% during the 2nd quarter. Janus Henderson Group PLC now owns 8,260,260 shares of the company’s stock worth $192,630,000 after acquiring an additional 8,137,179 shares during the period. FMR LLC grew its stake in shares of Kroger by 17.7% during the 2nd quarter. FMR LLC now owns 49,409,616 shares of the company’s stock worth $1,152,232,000 after acquiring an additional 7,446,349 shares during the period. Artisan Partners Limited Partnership bought a new position in shares of Kroger during the 3rd quarter worth $119,454,000. Principal Financial Group Inc. lifted its holdings in Kroger by 255.5% during the 2nd quarter. Principal Financial Group Inc. now owns 6,596,264 shares of the company’s stock worth $153,825,000 after purchasing an additional 4,740,751 shares in the last quarter. Finally, Equity Investment Corp Acquisition Inc purchased a new stake in Kroger during the 2nd quarter worth about $71,486,000. Hedge funds and other institutional investors own 79.10% 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.
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