Kroger (NYSE:KR – Get a rating)The stock had its “buy” rating reissued by Guggenheim equity research analysts in a research note released on Friday, TipRanks reports. They currently have a price target of $57.00 on the stock. Guggenheim’s price target suggests a potential upside of 23.38% from the stock’s previous close.
KR has been the subject of a number of other research reports. Evercore ISI raised its price target on Kroger from $49.00 to $50.00 and gave the company an “in-line” rating in a Tuesday, March 1 report. JPMorgan Chase & Co. raised its price target on Kroger from $44.00 to $45.00 in a Friday, February 25 report. Telsey Advisory Group raised its price target on Kroger from $62.00 to $64.00 and gave the company an “outperform” rating in a Thursday, April 7 report. BNP Paribas upgraded Kroger from an “underperforming” rating to a “neutral” rating and set a price target of $60.00 for the stock in a Friday, April 22 report. Finally, Bank of America upgraded Kroger from a “neutral” rating to a “buy” rating and raised its target price for the stock from $61.00 to $75.00 in a Friday, April 8 report. Five equity research analysts gave the stock a sell rating, seven gave the company a hold rating, four issued a buy rating and one gave the company a high buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.05.
NYSE:KR traded at $3.62 during Friday trading hours, hitting $46.20. 21,124,490 shares of the company have been traded, compared to its average volume of 6,073,398. The company has a quick ratio of 0.33, a current ratio of 0.76 and a leverage ratio of 1.39 . The company’s fifty-day simple moving average is $53.57 and its two-hundred-day simple moving average is $50.55. Kroger has a 52-week low of $37.26 and a 52-week high of $62.78. The company has a market capitalization of $33.31 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.13 and a beta of 0.49.
Kroger (NYSE:KR – Get a rating) last reported results on Thursday, June 16. The company reported earnings per share of $1.45 for the quarter, beating consensus analyst estimates of $1.27 by $0.18. Kroger had a return on equity of 31.50% and a net margin of 1.54%. During the same period last year, the company posted earnings per share of $1.19. On average, analysts expect Kroger to post EPS of 3.88 for the current year.
In other news, please Stuart Aitken sold 52,678 shares in a trade on Monday, March 21. The stock was sold at an average price of $55.75, for a total transaction of $2,936,798.50. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. Also, CFO Gary Millerchip sold 44,976 shares in a trade on Tuesday, March 22. The shares were sold at an average price of $56.28, for a total value of $2,531,249.28. Disclosure of this sale can be found here. Insiders sold a total of 182,749 shares of the company worth $10,457,284 in the past ninety days. 1.35% of the shares are currently held by insiders.
A number of hedge funds have recently changed their holdings in the company. Fieldpoint Private Securities LLC increased its position in Kroger shares by 17.8% during the first quarter. Fieldpoint Private Securities LLC now owns 1,126 shares of the company valued at $65,000 after purchasing an additional 170 shares in the last quarter. Pinnacle Financial Partners Inc. increased its position in Kroger shares by 4.2% during the first quarter. Pinnacle Financial Partners Inc. now owns 4,772 shares of the company valued at $274,000 after buying an additional 194 shares last quarter. Brighton Jones LLC increased its stake in Kroger shares by 1.3% in Q1. Brighton Jones LLC now owns 15,717 shares of the company valued at $902,000 after acquiring 197 additional shares in the last quarter. City Holding Co. increased its holdings of Kroger shares by 19.7% in the fourth quarter. City Holding Co. now owns 1,215 shares of the company valued at $57,000 after acquiring 200 more shares in the last quarter. Finally, Diversified Trust Co increased its stake in Kroger shares by 2.9% in the 1st quarter. Diversified Trust Co now owns 7,151 shares of the company valued at $410,000 after acquiring 200 more shares in the last quarter. Institutional investors and hedge funds hold 81.52% of the company’s shares.
About Kroger (Get a rating)
The Kroger Co operates as a retailer in the United States. The Company operates food and drug stores, multi-department stores, market stores and price impact warehouses. Its food and pharmacy stores offer natural and organic food sections, pharmacies, general merchandise, pet centers, fresh seafood and organic products; and multi-department stores offer clothing, fashion and home furnishings, outdoor goods, electronics, automotive products and toys.
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