Kroger Co (NYSE:KR) VP Carin L. Fike sold 1,538 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction of $39,388.18. Following the transaction, the vice president now directly owns 25,956 shares of the company’s stock, valued at $664,733.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Kroger Co (NYSE:KR) traded down $0.19 on Monday, reaching $25.67. 20,546,400 shares of the company traded hands, compared to its average volume of 12,347,382. The company has a market cap of $23,840.00, a P/E ratio of 13.23, a PEG ratio of 3.39 and a beta of 0.93. Kroger Co has a 52 week low of $19.69 and a 52 week high of $36.44. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85.
Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The company had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.48 billion. During the same period last year, the firm earned $0.41 EPS. Kroger’s revenue for the quarter was up 4.5% on a year-over-year basis. equities analysts anticipate that Kroger Co will post 2.03 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of KR. Janus Henderson Group PLC lifted its stake in Kroger by 6,611.2% in the 2nd quarter. Janus Henderson Group PLC now owns 8,260,260 shares of the company’s stock worth $192,630,000 after purchasing an additional 8,137,179 shares in the last quarter. FMR LLC lifted its stake in Kroger by 17.7% in the 2nd quarter. FMR LLC now owns 49,409,616 shares of the company’s stock worth $1,152,232,000 after purchasing an additional 7,446,349 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in Kroger in the 3rd quarter worth approximately $119,454,000. Principal Financial Group Inc. lifted its stake in Kroger by 255.5% in the 2nd quarter. Principal Financial Group Inc. now owns 6,596,264 shares of the company’s stock worth $153,825,000 after purchasing an additional 4,740,751 shares in the last quarter. Finally, Equity Investment Corp Acquisition Inc purchased a new stake in Kroger in the 2nd quarter worth approximately $71,486,000. Institutional investors and hedge funds own 79.10% of the company’s stock.
KR has been the subject of a number of research reports. Northcoast Research raised shares of Kroger from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Oppenheimer reissued a “hold” rating and set a $26.00 target price on shares of Kroger in a research report on Monday. Royal Bank Of Canada reissued an “overweight” rating on shares of Kroger in a research report on Thursday, September 7th. Zacks Investment Research raised shares of Kroger from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, UBS downgraded shares of Kroger from an “outperform” rating to a “market perform” rating in a research report on Friday, September 8th. Eighteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $29.16.
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Kroger Company Profile
The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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