Stephens set a $28.00 price objective on Kroger (NYSE:KR) in a research note released on Friday morning. The brokerage currently has a hold rating on the stock.

Other analysts also recently issued research reports about the company. TheStreet raised Kroger from a c+ rating to a b rating in a report on Friday, June 29th. Citigroup reissued a buy rating and issued a $34.00 price target on shares of Kroger in a report on Tuesday, June 26th. Jefferies Financial Group raised their price target on Kroger from $31.00 to $33.00 and gave the stock a buy rating in a report on Friday, June 22nd. Credit Suisse Group set a $30.00 price target on Kroger and gave the stock a buy rating in a report on Thursday, May 24th. Finally, Bank of America raised Kroger from a neutral rating to a buy rating and raised their price target for the stock from $28.00 to $33.00 in a report on Thursday, May 17th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $30.20.

Shares of NYSE KR opened at $27.80 on Friday. The company has a market capitalization of $25.28 billion, a P/E ratio of 13.63, a P/E/G ratio of 2.23 and a beta of 0.94. Kroger has a 12-month low of $19.69 and a 12-month high of $32.74. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.29 and a current ratio of 0.76.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, September 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. The business had revenue of $27.87 billion for the quarter, compared to the consensus estimate of $27.95 billion. Kroger had a return on equity of 29.59% and a net margin of 2.93%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. research analysts forecast that Kroger will post 2.12 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 17th. Investors of record on Friday, September 28th will be given a $0.455 dividend. This is a boost from Kroger’s previous quarterly dividend of $0.14. This represents a $1.82 annualized dividend and a yield of 6.55%. The ex-dividend date is Thursday, September 27th. Kroger’s dividend payout ratio (DPR) is currently 27.45%.

In other news, Director Susan J. Kropf sold 13,000 shares of Kroger stock in a transaction on Thursday, July 19th. The stock was sold at an average price of $28.43, for a total transaction of $369,590.00. Following the transaction, the director now directly owns 101,171 shares in the company, valued at approximately $2,876,291.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Carin L. Fike sold 4,000 shares of Kroger stock in a transaction on Tuesday, July 3rd. The shares were sold at an average price of $28.76, for a total value of $115,040.00. Following the transaction, the vice president now owns 29,361 shares in the company, valued at $844,422.36. The disclosure for this sale can be found here. 1.07% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Schroder Investment Management Group increased its position in shares of Kroger by 290.9% during the 2nd quarter. Schroder Investment Management Group now owns 55,421 shares of the company’s stock valued at $1,576,000 after purchasing an additional 41,244 shares during the period. WINTON GROUP Ltd increased its position in shares of Kroger by 106.3% during the 2nd quarter. WINTON GROUP Ltd now owns 195,724 shares of the company’s stock valued at $5,568,000 after purchasing an additional 100,828 shares during the period. Andra AP fonden increased its position in shares of Kroger by 28.2% during the 2nd quarter. Andra AP fonden now owns 251,600 shares of the company’s stock valued at $7,158,000 after purchasing an additional 55,400 shares during the period. Global X Management Co LLC increased its position in shares of Kroger by 57.4% during the 2nd quarter. Global X Management Co LLC now owns 17,061 shares of the company’s stock valued at $485,000 after purchasing an additional 6,220 shares during the period. Finally, Bank of Nova Scotia increased its position in shares of Kroger by 246.9% during the 2nd quarter. Bank of Nova Scotia now owns 390,948 shares of the company’s stock valued at $11,123,000 after purchasing an additional 278,265 shares during the period. Institutional investors own 78.72% of the company’s stock.

About Kroger

The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.

Further Reading: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Kroger (NYSE:KR)

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