The Kroger Co. (NYSE:KR – Get Free Report) SVP Kenneth C. Kimball sold 30,251 shares of Kroger stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $55.98, for a total transaction of $1,693,450.98. Following the transaction, the senior vice president now directly owns 105,298 shares in the company, valued at $5,894,582.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Kroger Stock Performance
Shares of Kroger stock traded down $0.37 on Friday, hitting $55.54. 1,554,407 shares of the company’s stock were exchanged, compared to its average volume of 4,883,595. The company has a 50-day simple moving average of $54.08 and a 200-day simple moving average of $48.16. The stock has a market capitalization of $40.08 billion, a PE ratio of 18.89, a PEG ratio of 2.62 and a beta of 0.48. The Kroger Co. has a 1 year low of $42.10 and a 1 year high of $58.34. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.36 and a current ratio of 0.81.
Kroger (NYSE:KR – Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.21. The business had revenue of $37.06 billion for the quarter, compared to analysts’ expectations of $37.07 billion. Kroger had a net margin of 1.44% and a return on equity of 31.44%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 EPS. As a group, equities analysts anticipate that The Kroger Co. will post 4.43 EPS for the current year.
Kroger Dividend Announcement
Wall Street Analysts Forecast Growth
Several brokerages recently commented on KR. Evercore ISI decreased their target price on shares of Kroger from $63.00 to $62.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Guggenheim lifted their target price on shares of Kroger from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Wells Fargo & Company raised shares of Kroger from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $58.00 to $65.00 in a research note on Tuesday, April 16th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $62.00 target price on shares of Kroger in a research note on Tuesday. Finally, BNP Paribas reaffirmed an “underperform” rating and issued a $48.00 target price on shares of Kroger in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Kroger has an average rating of “Moderate Buy” and an average price target of $55.17.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. OFI Invest Asset Management purchased a new position in shares of Kroger during the 3rd quarter valued at $25,000. Creekmur Asset Management LLC bought a new stake in Kroger in the 4th quarter valued at $26,000. SouthState Corp increased its holdings in Kroger by 334.3% in the 4th quarter. SouthState Corp now owns 595 shares of the company’s stock valued at $27,000 after acquiring an additional 458 shares during the last quarter. VisionPoint Advisory Group LLC increased its holdings in Kroger by 370.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 630 shares of the company’s stock valued at $28,000 after acquiring an additional 496 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new stake in Kroger in the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.
Kroger Company Profile
The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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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