Kroger (KR) PT Set at $31.00 by Jefferies Group
Jefferies Group set a $31.00 price objective on Kroger (NYSE:KR) in a research note published on Monday. The firm currently has a buy rating on the stock. Jefferies Group also issued estimates for Kroger’s Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.50 EPS, Q4 2019 earnings at $0.60 EPS, FY2019 earnings at $2.09 EPS, Q1 2020 earnings at $0.59 EPS, Q2 2020 earnings at $0.46 EPS, Q3 2020 earnings at $0.52 EPS, Q4 2020 earnings at $0.72 EPS, FY2020 earnings at $2.29 EPS, FY2021 earnings at $2.68 EPS, FY2022 earnings at $2.95 EPS and FY2023 earnings at $3.21 EPS.
KR has been the subject of a number of other reports. Pivotal Research set a $30.00 target price on Kroger and gave the company a buy rating in a research note on Saturday, December 2nd. ValuEngine cut Kroger from a buy rating to a hold rating in a research note on Sunday, December 31st. Stephens set a $29.00 target price on Kroger and gave the company a hold rating in a research note on Tuesday, January 16th. Zacks Investment Research raised Kroger from a hold rating to a buy rating and set a $30.00 target price for the company in a research note on Friday, March 2nd. Finally, Bank of America decreased their target price on Kroger from $33.00 to $28.00 and set a neutral rating for the company in a research note on Friday, March 9th. Sixteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $27.27.
Shares of Kroger (NYSE KR) opened at $23.44 on Monday. The company has a market capitalization of $20,660.00, a PE ratio of 13.95, a P/E/G ratio of 3.76 and a beta of 1.04. The company has a quick ratio of 0.32, a current ratio of 0.78 and a debt-to-equity ratio of 1.74. Kroger has a fifty-two week low of $19.69 and a fifty-two week high of $31.45.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, February 14th. This represents a $0.50 annualized dividend and a dividend yield of 2.13%. Kroger’s dividend payout ratio is currently 29.76%.
In related news, VP Michael Joseph Donnelly sold 15,400 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $27.66, for a total transaction of $425,964.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Todd A. Foley sold 3,800 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $24.43, for a total value of $92,834.00. Following the transaction, the vice president now directly owns 31,273 shares of the company’s stock, valued at $763,999.39. The disclosure for this sale can be found here. Insiders have sold 110,130 shares of company stock valued at $3,187,062 over the last ninety days. 0.87% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in Kroger by 66.3% during the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 87,411 shares of the company’s stock valued at $1,776,000 after purchasing an additional 34,856 shares during the last quarter. Toronto Dominion Bank boosted its position in Kroger by 10.0% during the third quarter. Toronto Dominion Bank now owns 347,530 shares of the company’s stock valued at $6,971,000 after purchasing an additional 31,561 shares during the last quarter. Uncommon Cents Investing LLC acquired a new position in Kroger during the fourth quarter valued at approximately $6,841,000. Private Management Group Inc. boosted its position in Kroger by 14.7% during the fourth quarter. Private Management Group Inc. now owns 1,297,395 shares of the company’s stock valued at $35,614,000 after purchasing an additional 165,874 shares during the last quarter. Finally, Point View Wealth Management Inc. boosted its position in Kroger by 38.1% during the third quarter. Point View Wealth Management Inc. now owns 64,251 shares of the company’s stock valued at $1,289,000 after purchasing an additional 17,710 shares during the last quarter. 75.78% of the stock is owned by hedge funds and other institutional investors.
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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