The Kroger Co. (NYSE:KR – Get Free Report) VP Carin L. Fike sold 3,010 shares of Kroger stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $55.57, for a total transaction of $167,265.70. Following the completion of the transaction, the vice president now owns 47,593 shares in the company, valued at $2,644,743.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Kroger Price Performance
Kroger stock traded down $0.01 during midday trading on Wednesday, reaching $55.03. The company’s stock had a trading volume of 1,479,692 shares, compared to its average volume of 4,969,225. The stock has a market cap of $39.72 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 0.80 and a beta of 0.47. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average price of $53.53 and a 200-day moving average price of $53.78. The Kroger Co. has a 52 week low of $42.10 and a 52 week high of $58.34.
Kroger (NYSE:KR – Get Free Report) last announced its quarterly earnings data on Thursday, September 12th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. Kroger had a return on equity of 29.89% and a net margin of 1.43%. The company had revenue of $33.91 billion during the quarter, compared to analyst estimates of $34.09 billion. During the same quarter last year, the firm posted $0.96 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts predict that The Kroger Co. will post 4.45 EPS for the current year.
Kroger Increases Dividend
Analysts Set New Price Targets
Several analysts have commented on the company. StockNews.com cut Kroger from a “strong-buy” rating to a “buy” rating in a report on Monday. BMO Capital Markets raised shares of Kroger from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $58.00 to $60.00 in a report on Tuesday, June 18th. JPMorgan Chase & Co. boosted their price target on shares of Kroger from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Argus boosted their target price on shares of Kroger from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Morgan Stanley lifted their target price on shares of Kroger from $57.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.09.
Get Our Latest Research Report on Kroger
Hedge Funds Weigh In On Kroger
Large investors have recently bought and sold shares of the stock. Creekmur Asset Management LLC bought a new position in shares of Kroger during the fourth quarter valued at $26,000. Valued Wealth Advisors LLC increased its position in Kroger by 255.6% in the first quarter. Valued Wealth Advisors LLC now owns 448 shares of the company’s stock worth $26,000 after buying an additional 322 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in Kroger in the fourth quarter worth about $28,000. Hexagon Capital Partners LLC increased its position in Kroger by 101.6% in the first quarter. Hexagon Capital Partners LLC now owns 496 shares of the company’s stock worth $28,000 after buying an additional 250 shares in the last quarter. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Kroger during the second quarter worth about $28,000. 80.93% of the stock is owned by hedge funds and other institutional investors.
About Kroger
The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.
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