Kroger (NYSE:KR) Given “Buy” Rating at Argus

Argus reaffirmed their buy rating on shares of Kroger (NYSE:KR) in a report published on Thursday, LiveTradingNews reports.

A number of other research analysts have also recently issued reports on KR. Pivotal Research reiterated a buy rating and issued a $30.00 target price (up previously from $26.00) on shares of Kroger in a research report on Wednesday, September 11th. Oppenheimer decreased their target price on Kroger from $28.00 to $26.00 and set an outperform rating on the stock in a research report on Monday, October 28th. Credit Suisse Group reaffirmed an outperform rating and issued a $29.00 price objective (up from $27.00) on shares of Kroger in a research note on Friday, September 13th. JPMorgan Chase & Co. boosted their price target on Kroger from $24.00 to $27.00 in a report on Thursday, October 24th. Finally, UBS Group increased their price target on Kroger from $25.00 to $26.00 and gave the stock a neutral rating in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $27.35.

Shares of NYSE KR traded up $0.26 during mid-day trading on Thursday, reaching $27.01. The company had a trading volume of 7,336,575 shares, compared to its average volume of 8,635,637. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.27 and a current ratio of 0.76. Kroger has a one year low of $20.70 and a one year high of $30.75. The firm has a market cap of $21.57 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 1.93 and a beta of 0.56. The business’s 50-day simple moving average is $25.33 and its 200 day simple moving average is $23.96.

Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, September 12th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. Kroger had a return on equity of 21.17% and a net margin of 1.36%. The company had revenue of $28.17 billion for the quarter, compared to analysts’ expectations of $28.34 billion. During the same quarter last year, the business earned $0.41 earnings per share. Kroger’s revenue was up .5% on a year-over-year basis. On average, sell-side analysts anticipate that Kroger will post 2.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, November 14th. Kroger’s dividend payout ratio (DPR) is presently 30.33%.

In related news, VP Carin L. Fike sold 4,652 shares of Kroger stock in a transaction on Friday, September 13th. The stock was sold at an average price of $26.00, for a total value of $120,952.00. Following the completion of the sale, the vice president now owns 33,796 shares of the company’s stock, valued at $878,696. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP J Michael Schlotman sold 68,187 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $26.02, for a total value of $1,774,225.74. Following the completion of the sale, the executive vice president now owns 295,160 shares in the company, valued at $7,680,063.20. The disclosure for this sale can be found here. Insiders have sold a total of 134,323 shares of company stock worth $3,537,389 over the last 90 days. Corporate insiders own 1.34% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in KR. South Texas Money Management Ltd. raised its holdings in shares of Kroger by 6.0% during the 2nd quarter. South Texas Money Management Ltd. now owns 1,111,036 shares of the company’s stock valued at $24,121,000 after buying an additional 62,939 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Kroger by 2.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 99,121 shares of the company’s stock valued at $2,152,000 after buying an additional 2,328 shares in the last quarter. Sanders Morris Harris LLC purchased a new position in shares of Kroger during the 2nd quarter valued at about $743,000. Naples Global Advisors LLC raised its holdings in shares of Kroger by 6.9% during the 2nd quarter. Naples Global Advisors LLC now owns 37,205 shares of the company’s stock valued at $808,000 after buying an additional 2,400 shares in the last quarter. Finally, Kwmg LLC raised its holdings in shares of Kroger by 5.3% during the 2nd quarter. Kwmg LLC now owns 96,785 shares of the company’s stock valued at $2,101,000 after buying an additional 4,904 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

About Kroger

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

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Analyst Recommendations for Kroger (NYSE:KR)

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