Traders Sell Kroger Co. (KR) on Strength (KR)
Investors sold shares of Kroger Co. (NYSE:KR) on strength during trading hours on Wednesday. $53.87 million flowed into the stock on the tick-up and $81.61 million flowed out of the stock on the tick-down, for a money net flow of $27.74 million out of the stock. Of all stocks tracked, Kroger had the 15th highest net out-flow for the day. Kroger traded up $0.21 for the day and closed at $32.50
A number of equities analysts have issued reports on KR shares. BMO Capital Markets cut shares of Kroger from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $34.01 to $35.00 in a research report on Tuesday, August 2nd. Citigroup Inc. restated a “buy” rating and set a $44.00 target price on shares of Kroger in a research report on Monday, June 20th. Piper Jaffray Cos. restated an “underweight” rating and set a $29.00 target price on shares of Kroger in a research report on Friday, June 17th. Vetr upgraded shares of Kroger from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 19th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $39.00 target price on shares of Kroger in a research report on Tuesday, June 21st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $40.92.
The company’s 50-day moving average price is $35.50 and its 200-day moving average price is $36.64. The company has a market cap of $30.84 billion and a PE ratio of 15.21.
Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, June 16th. The company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. The firm earned $34.61 billion during the quarter. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.63 earnings per share. Analysts predict that Kroger Co. will post $2.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.48%. This is a boost from Kroger’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, August 11th.
In other news, VP Oflen Mary Elizabeth Van sold 12,000 shares of Kroger stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $37.85, for a total value of $454,200.00. Following the transaction, the vice president now owns 82,349 shares of the company’s stock, valued at $3,116,909.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Other large investors have bought and sold shares of the company. Pittenger & Anderson Inc. increased its stake in Kroger by 8,333.3% in the fourth quarter. Pittenger & Anderson Inc. now owns 25,300 shares of the company’s stock worth $1,058,000 after buying an additional 25,000 shares in the last quarter. WBI Investments Inc. increased its stake in Kroger by 0.9% in the fourth quarter. WBI Investments Inc. now owns 29,435 shares of the company’s stock worth $1,231,000 after buying an additional 267 shares in the last quarter. Bridgewater Associates LP acquired a new stake in Kroger during the fourth quarter worth $1,309,000. Calvert Investment Management Inc. increased its stake in Kroger by 38.7% in the fourth quarter. Calvert Investment Management Inc. now owns 67,592 shares of the company’s stock worth $2,827,000 after buying an additional 18,865 shares in the last quarter. Finally, I.G. Investment Management LTD. increased its stake in Kroger by 10.3% in the fourth quarter. I.G. Investment Management LTD. now owns 74,334 shares of the company’s stock worth $3,109,000 after buying an additional 6,922 shares in the last quarter.
The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. The Company operated, either directly or through its subsidiaries, approximately 2,625 supermarkets and multi-department stores, approximately 1,330 of which had fuel centers.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.