The Kroger Co. (NYSE:KR – Get Free Report) VP Carin L. Fike sold 3,929 shares of Kroger stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $57.03, for a total transaction of $224,070.87. Following the completion of the transaction, the vice president now directly owns 3,768 shares of the company’s stock, valued at approximately $214,889.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Kroger Stock Performance
Shares of KR opened at $55.49 on Friday. The Kroger Co. has a 1 year low of $42.10 and a 1 year high of $58.34. The firm has a fifty day moving average of $54.24 and a 200-day moving average of $48.24. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.36 and a current ratio of 0.81. The company has a market cap of $40.05 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 2.62 and a beta of 0.48.
Kroger (NYSE:KR – Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.21. Kroger had a net margin of 1.44% and a return on equity of 31.44%. The business had revenue of $37.06 billion for the quarter, compared to analysts’ expectations of $37.07 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. As a group, equities analysts anticipate that The Kroger Co. will post 4.43 earnings per share for the current year.
Kroger Announces Dividend
Institutional Investors Weigh In On Kroger
Hedge funds and other institutional investors have recently modified their holdings of the stock. Sanders Capital LLC raised its position in Kroger by 5.0% in the fourth quarter. Sanders Capital LLC now owns 23,786,389 shares of the company’s stock worth $1,087,276,000 after acquiring an additional 1,123,427 shares in the last quarter. Capital World Investors raised its position in Kroger by 1.5% in the fourth quarter. Capital World Investors now owns 14,453,142 shares of the company’s stock worth $660,653,000 after acquiring an additional 214,852 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Kroger by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,592,371 shares of the company’s stock worth $575,546,000 after acquiring an additional 503,839 shares in the last quarter. Northern Trust Corp raised its position in Kroger by 7.0% in the third quarter. Northern Trust Corp now owns 7,833,537 shares of the company’s stock worth $350,551,000 after acquiring an additional 511,978 shares in the last quarter. Finally, Norges Bank bought a new stake in Kroger in the fourth quarter worth about $229,863,000. 80.93% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of Kroger in a report on Tuesday. Evercore ISI decreased their price objective on shares of Kroger from $63.00 to $62.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. BNP Paribas reaffirmed an “underperform” rating and issued a $48.00 price objective on shares of Kroger in a report on Monday, April 8th. Wells Fargo & Company raised shares of Kroger from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $58.00 to $65.00 in a report on Tuesday, April 16th. Finally, Guggenheim boosted their price target on shares of Kroger from $60.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.17.
Check Out Our Latest Research Report on KR
About Kroger
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.
Featured Stories
- Five stocks we like better than Kroger
- What does consumer price index measure?
- 3 Stocks Leading the U.S. Agriculture Comeback
- Comparing and Trading High PE Ratio Stocks
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Industrial Products Stocks Investing
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.