Kroger Co (NYSE:KR) Director Susan J. Kropf sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $21.64, for a total value of $281,320.00. Following the completion of the transaction, the director now directly owns 101,171 shares in the company, valued at $2,189,340.44. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Kroger stock opened at $21.76 on Friday. The company’s fifty day simple moving average is $22.91. The company has a market cap of $17.29 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 1.53 and a beta of 0.62. Kroger Co has a 52 week low of $21.17 and a 52 week high of $32.74. The company has a quick ratio of 0.25, a current ratio of 0.75 and a debt-to-equity ratio of 2.16.
Kroger (NYSE:KR) last issued its earnings results on Thursday, June 20th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. Kroger had a net margin of 1.54% and a return on equity of 21.79%. The company had revenue of $37.25 billion during the quarter, compared to analysts’ expectations of $37.27 billion. During the same quarter in the previous year, the company posted $0.73 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, research analysts forecast that Kroger Co will post 2.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Thursday, August 15th will be given a $0.16 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.94%. This is a boost from Kroger’s previous quarterly dividend of $0.14. Kroger’s dividend payout ratio is currently 26.54%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of Kroger by 13.2% during the 4th quarter. FMR LLC now owns 21,333,814 shares of the company’s stock worth $586,680,000 after buying an additional 2,485,028 shares during the last quarter. LSV Asset Management boosted its stake in shares of Kroger by 1.8% during the 1st quarter. LSV Asset Management now owns 20,412,468 shares of the company’s stock worth $502,146,000 after buying an additional 361,800 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Kroger by 13.5% during the 1st quarter. Janus Henderson Group PLC now owns 13,586,811 shares of the company’s stock worth $334,238,000 after buying an additional 1,620,668 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Kroger by 7.9% during the 4th quarter. Geode Capital Management LLC now owns 12,008,444 shares of the company’s stock worth $329,733,000 after buying an additional 874,376 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Kroger by 1.2% during the 1st quarter. Northern Trust Corp now owns 10,600,232 shares of the company’s stock worth $260,766,000 after buying an additional 124,275 shares during the last quarter. Institutional investors and hedge funds own 80.10% of the company’s stock.
Several research analysts have recently commented on the company. TheStreet downgraded Weis Markets from a “b-” rating to a “c+” rating in a report on Wednesday, June 5th. BMO Capital Markets reissued a “market perform” rating and issued a C$36.00 target price on shares of NFI Group in a report on Tuesday, June 18th. Sanford C. Bernstein raised Kroger from a “market perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a report on Monday, May 20th. ValuEngine raised Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Finally, Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a report on Friday, May 31st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $29.00.
Kroger Company Profile
The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. 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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