Analysts Set Kroger Co (KR) Price Target at $30.21

Shares of Kroger Co (NYSE:KR) have been assigned an average rating of “Hold” from the twenty-four ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $30.21.

A number of research firms have recently issued reports on KR. Northcoast Research reiterated a “buy” rating and issued a $36.00 price objective on shares of Kroger in a report on Monday, July 23rd. Credit Suisse Group cut their price objective on Kroger from $33.00 to $32.00 and set an “outperform” rating for the company in a report on Friday, September 14th. UBS Group upped their price objective on Kroger from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. Stephens set a $29.00 price objective on Kroger and gave the stock a “hold” rating in a report on Friday, September 7th. Finally, Telsey Advisory Group upped their price objective on Kroger from $29.00 to $31.00 and gave the stock a “market perform” rating in a report on Wednesday, October 31st.

Kroger stock opened at $31.39 on Thursday. Kroger has a 52 week low of $21.25 and a 52 week high of $32.74. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.73 and a quick ratio of 0.26. The stock has a market cap of $25.00 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 2.21 and a beta of 0.77.

Kroger (NYSE:KR) last posted its earnings results on Thursday, September 13th. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $27.95 billion. During the same period in the previous year, the business earned $0.39 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. As a group, equities research analysts predict that Kroger will post 2.11 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Thursday, November 15th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, November 14th. Kroger’s dividend payout ratio is presently 27.45%.

In related news, Director Clyde R. Moore sold 13,000 shares of the stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $29.06, for a total transaction of $377,780.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Erin S. Sharp sold 25,314 shares of the stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $29.00, for a total value of $734,106.00. The disclosure for this sale can be found here. Insiders have sold a total of 49,575 shares of company stock valued at $1,422,559 over the last 90 days. 1.07% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Chicago Equity Partners LLC raised its position in Kroger by 45.6% during the 3rd quarter. Chicago Equity Partners LLC now owns 283,365 shares of the company’s stock valued at $8,249,000 after purchasing an additional 88,700 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Kroger by 1.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 585,726 shares of the company’s stock valued at $16,663,000 after purchasing an additional 8,931 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Kroger by 5.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 153,774 shares of the company’s stock valued at $4,375,000 after purchasing an additional 7,257 shares during the last quarter. Poplar Forest Capital LLC raised its position in Kroger by 44.3% during the 3rd quarter. Poplar Forest Capital LLC now owns 757,374 shares of the company’s stock valued at $22,047,000 after purchasing an additional 232,431 shares during the last quarter. Finally, Goodman Financial Corp raised its position in Kroger by 8.0% during the 2nd quarter. Goodman Financial Corp now owns 251,903 shares of the company’s stock valued at $7,167,000 after purchasing an additional 18,724 shares during the last quarter. Institutional investors own 78.76% of the company’s stock.

About Kroger

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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Analyst Recommendations for Kroger (NYSE:KR)

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