Kroger Company (The) (KR) Rating Reiterated by Hilliard Lyons
Kroger Company (The) (NYSE:KR)‘s stock had its “buy” rating reaffirmed by Hilliard Lyons in a research report issued on Tuesday. They presently have a $30.00 price objective on the stock. Hilliard Lyons’ target price indicates a potential upside of 38.06% from the stock’s current price.
Several other brokerages also recently commented on KR. UBS AG reiterated a “neutral” rating and set a $27.00 target price (down from $32.00) on shares of Kroger Company (The) in a research note on Friday, June 16th. BidaskClub upgraded Kroger Company (The) from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. BMO Capital Markets reduced their target price on Kroger Company (The) from $24.00 to $20.00 and set a “market perform” rating for the company in a research note on Monday. Zacks Investment Research upgraded Kroger Company (The) from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Stephens assumed coverage on Kroger Company (The) in a research note on Friday, August 11th. They set an “underweight” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Kroger Company (The) currently has a consensus rating of “Hold” and a consensus price target of $28.58.
Kroger Company (KR) opened at 21.73 on Tuesday. The company has a market capitalization of $19.40 billion, a P/E ratio of 13.15 and a beta of 0.79. The firm has a 50-day moving average price of $23.02 and a 200 day moving average price of $26.64. Kroger Company has a 12 month low of $20.41 and a 12 month high of $36.44.
Kroger Company (The) (NYSE:KR) last posted its quarterly earnings results on Friday, September 8th. The company reported $0.39 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The firm had revenue of $27.60 billion for the quarter, compared to analyst estimates of $27.48 billion. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 EPS. Analysts expect that Kroger Company will post $1.97 EPS for the current year.
Kroger Company (The) declared that its board has approved a share repurchase program on Thursday, June 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 4.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
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In other Kroger Company (The) news, insider J Michael Schlotman purchased 2,000 shares of the stock in a transaction dated Monday, June 26th. The stock was bought at an average price of $22.73 per share, with a total value of $45,460.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan M. Phillips sold 6,200 shares of the business’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $21.17, for a total value of $131,254.00. Following the transaction, the director now directly owns 124,105 shares of the company’s stock, valued at approximately $2,627,302.85. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. Bank of Nova Scotia raised its holdings in shares of Kroger Company (The) by 906.4% during the 1st quarter. Bank of Nova Scotia now owns 211,840 shares of the company’s stock worth $6,247,000 after buying an additional 190,790 shares in the last quarter. Holderness Investments Co. acquired a new position in shares of Kroger Company (The) during the 1st quarter worth $277,000. Hosking Partners LLP raised its holdings in shares of Kroger Company (The) by 10.2% during the 1st quarter. Hosking Partners LLP now owns 528,328 shares of the company’s stock worth $15,580,000 after buying an additional 48,785 shares in the last quarter. NEXT Financial Group Inc raised its holdings in shares of Kroger Company (The) by 10.8% during the 1st quarter. NEXT Financial Group Inc now owns 9,177 shares of the company’s stock worth $272,000 after buying an additional 898 shares in the last quarter. Finally, Cardinal Capital Management Inc. acquired a new position in shares of Kroger Company (The) during the 2nd quarter worth $455,000. 74.63% of the stock is owned by institutional investors.
About Kroger Company (The)
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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