Kroger Company (The) (KR) Receives $28.52 Consensus PT from Analysts

Shares of Kroger Company (The) (NYSE:KR) have received a consensus rating of “Hold” from the thirty analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nineteen have given a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $28.52.

Several research analysts recently commented on the stock. Jefferies Group LLC reiterated a “hold” rating on shares of Kroger Company (The) in a research note on Friday, August 25th. BidaskClub lowered shares of Kroger Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Zacks Investment Research lowered shares of Kroger Company (The) from a “hold” rating to a “strong sell” rating in a research note on Monday, October 16th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $28.00 price objective on shares of Kroger Company (The) in a research note on Tuesday, September 5th. Finally, Vetr upgraded shares of Kroger Company (The) from a “buy” rating to a “strong-buy” rating and set a $27.01 price objective for the company in a research note on Wednesday, August 9th.

Kroger Company (The) (NYSE:KR) last posted its quarterly earnings data on Friday, September 8th. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $27.60 billion during the quarter, compared to analyst estimates of $27.48 billion. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. Kroger Company (The)’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 EPS.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Tuesday, November 14th. Kroger Company (The)’s dividend payout ratio (DPR) is presently 30.30%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Kroger Company (The) by 3,334.2% during the first quarter. BlackRock Inc. now owns 72,026,662 shares of the company’s stock worth $2,124,067,000 after buying an additional 69,929,316 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Kroger Company (The) by 1.2% during the second quarter. Vanguard Group Inc. now owns 69,201,771 shares of the company’s stock worth $1,613,786,000 after buying an additional 852,864 shares in the last quarter. FMR LLC boosted its holdings in Kroger Company (The) by 17.7% during the second quarter. FMR LLC now owns 49,409,616 shares of the company’s stock worth $1,152,232,000 after buying an additional 7,446,349 shares in the last quarter. State Street Corp boosted its holdings in Kroger Company (The) by 0.3% during the second quarter. State Street Corp now owns 39,414,284 shares of the company’s stock worth $919,140,000 after buying an additional 100,796 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Kroger Company (The) by 8.2% during the second quarter. Franklin Resources Inc. now owns 12,045,681 shares of the company’s stock worth $280,904,000 after buying an additional 908,078 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

About Kroger Company (The)

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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