Kroger’s (KR) “Hold” Rating Reiterated at Pivotal Research

Share on StockTwits

Pivotal Research reiterated their hold rating on shares of Kroger (NYSE:KR) in a research report sent to investors on Tuesday morning. They currently have a $31.00 target price on the stock.

“We continue to view 2018 as a significant transition year for Kroger accompanied by heavy price investments, new merchandising resets, and a major pickup in M&A/divestiture activity. It should be noted, however, that earnings are set to take a significant step backwards in FY18. The three-year guidance will now require close to $600 million of operating income growth over the next two years in order to hit the $3.1 billion objective by the end of FY20.”,” the firm’s analyst wrote.

A number of other research analysts also recently commented on the company. Jefferies Financial Group boosted their target price on Kroger from $33.00 to $35.00 and gave the company a buy rating in a research note on Wednesday, October 31st. UBS Group boosted their target price on Kroger from $29.00 to $31.00 and gave the company a neutral rating in a research note on Wednesday, October 31st. Telsey Advisory Group boosted their target price on Kroger from $29.00 to $31.00 and gave the company a market perform rating in a research note on Wednesday, October 31st. Deutsche Bank downgraded Kroger from a hold rating to a sell rating and lowered their target price for the company from $30.00 to $24.00 in a research note on Tuesday, October 9th. Finally, Credit Suisse Group set a $32.00 price target on Kroger and gave the stock a buy rating in a research report on Friday, October 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. Kroger presently has a consensus rating of Hold and a consensus price target of $31.67.

Shares of NYSE KR opened at $29.17 on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.26 and a debt-to-equity ratio of 1.53. Kroger has a one year low of $22.85 and a one year high of $32.74. The stock has a market capitalization of $23.57 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 2.08 and a beta of 0.79.

Kroger (NYSE:KR) last issued its earnings results on Thursday, December 6th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. Kroger had a return on equity of 26.64% and a net margin of 2.99%. The firm had revenue of $27.67 billion for the quarter, compared to the consensus estimate of $27.64 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The business’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities research analysts anticipate that Kroger will post 2.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Thursday, November 15th were given a $0.14 dividend. The ex-dividend date was Wednesday, November 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.92%. Kroger’s dividend payout ratio is currently 27.45%.

In related news, SVP Calvin J. Kaufman sold 10,500 shares of the business’s stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $27.47, for a total transaction of $288,435.00. Following the completion of the transaction, the senior vice president now owns 124,688 shares of the company’s stock, valued at approximately $3,425,179.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Erin S. Sharp sold 25,314 shares of the business’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $29.00, for a total value of $734,106.00. The disclosure for this sale can be found here. Insiders sold 51,425 shares of company stock valued at $1,480,298 in the last ninety days. Insiders own 1.07% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of KR. Chicago Equity Partners LLC increased its stake in Kroger by 45.6% during the third quarter. Chicago Equity Partners LLC now owns 283,365 shares of the company’s stock valued at $8,249,000 after acquiring an additional 88,700 shares during the period. PNC Financial Services Group Inc. increased its stake in Kroger by 1.5% during the second quarter. PNC Financial Services Group Inc. now owns 585,726 shares of the company’s stock valued at $16,663,000 after acquiring an additional 8,931 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Kroger by 5.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 153,774 shares of the company’s stock valued at $4,375,000 after acquiring an additional 7,257 shares during the period. Poplar Forest Capital LLC increased its stake in Kroger by 44.3% during the third quarter. Poplar Forest Capital LLC now owns 757,374 shares of the company’s stock valued at $22,047,000 after acquiring an additional 232,431 shares during the period. Finally, Goodman Financial Corp increased its stake in Kroger by 8.0% during the second quarter. Goodman Financial Corp now owns 251,903 shares of the company’s stock valued at $7,167,000 after acquiring an additional 18,724 shares during the period. 79.94% of the stock is owned by institutional investors and hedge funds.

Kroger Company Profile

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.

Read More: Stock Symbols and CUSIP Explained

Analyst Recommendations for Kroger (NYSE:KR)

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.