Kroger Co (NYSE:KR) Director Susan J. Kropf sold 13,000 shares of the business’s stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of $28.43, for a total value of $369,590.00. Following the sale, the director now directly owns 101,171 shares of the company’s stock, valued at approximately $2,876,291.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
KR traded up $0.56 on Tuesday, reaching $30.45. 10,789,800 shares of the stock were exchanged, compared to its average volume of 10,662,454. The stock has a market cap of $24.01 billion, a P/E ratio of 14.76, a P/E/G ratio of 2.12 and a beta of 0.95. Kroger Co has a fifty-two week low of $19.69 and a fifty-two week high of $31.45. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.29 and a current ratio of 0.76.
Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, June 21st. The company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.10. The business had revenue of $37.53 billion during the quarter, compared to analyst estimates of $37.25 billion. Kroger had a return on equity of 29.59% and a net margin of 2.93%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS. analysts predict that Kroger Co will post 2.12 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Kroger by 2.3% in the 2nd quarter. BlackRock Inc. now owns 65,465,026 shares of the company’s stock valued at $1,862,480,000 after purchasing an additional 1,490,831 shares in the last quarter. LSV Asset Management increased its stake in shares of Kroger by 6.1% in the 2nd quarter. LSV Asset Management now owns 15,856,614 shares of the company’s stock valued at $451,120,000 after purchasing an additional 907,367 shares in the last quarter. Aristotle Capital Management LLC increased its stake in shares of Kroger by 7.2% in the 1st quarter. Aristotle Capital Management LLC now owns 10,367,993 shares of the company’s stock valued at $248,210,000 after purchasing an additional 696,119 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Kroger by 1.4% in the 2nd quarter. Victory Capital Management Inc. now owns 8,533,613 shares of the company’s stock valued at $242,781,000 after purchasing an additional 119,262 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Kroger by 12.4% in the 2nd quarter. Morgan Stanley now owns 7,621,037 shares of the company’s stock valued at $216,820,000 after purchasing an additional 842,386 shares in the last quarter. Hedge funds and other institutional investors own 81.89% of the company’s stock.
A number of research firms have recently weighed in on KR. ValuEngine raised Kroger from a “sell” rating to a “hold” rating in a research note on Saturday, June 16th. Northcoast Research restated a “buy” rating and set a $36.00 price objective on shares of Kroger in a research report on Monday, July 23rd. Wolfe Research downgraded Kroger from a “market perform” rating to an “underperform” rating in a research report on Monday, June 25th. Bank of America upgraded Kroger from a “neutral” rating to a “buy” rating and upped their price objective for the company from $28.00 to $33.00 in a research report on Thursday, May 17th. Finally, Morgan Stanley increased their price target on Kroger from $26.50 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, June 22nd. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.19.
The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.
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