Traders Buy Kroger (KR) on Weakness

Investors purchased shares of Kroger Co (NYSE:KR) on weakness during trading on Tuesday. $57.33 million flowed into the stock on the tick-up and $33.45 million flowed out of the stock on the tick-down, for a money net flow of $23.88 million into the stock. Of all stocks tracked, Kroger had the 26th highest net in-flow for the day. Kroger traded down ($0.45) for the day and closed at $27.80

Several research firms have recently issued reports on KR. Citigroup increased their target price on Kroger from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday. Pivotal Research set a $30.00 price target on Kroger and gave the company a “buy” rating in a research note on Saturday, December 2nd. Oppenheimer restated a “hold” rating and set a $22.00 price objective on shares of Kroger in a research report on Wednesday, October 4th. Jefferies Group lowered their price objective on Kroger from $24.00 to $19.00 and set a “hold” rating for the company in a research report on Monday, September 11th. Finally, Wolfe Research upgraded Kroger from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. Eighteen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $29.11.

The company has a quick ratio of 0.31, a current ratio of 0.85 and a debt-to-equity ratio of 2.11. The firm has a market cap of $24,898.47, a PE ratio of 16.55, a price-to-earnings-growth ratio of 3.76 and a beta of 0.92.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The business had revenue of $27.75 billion for the quarter, compared to analysts’ expectations of $27.48 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. research analysts forecast that Kroger Co will post 2.01 EPS for the current year.

In other Kroger news, Director Jorge P. Montoya sold 10,000 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $26.98, for a total value of $269,800.00. Following the transaction, the director now directly owns 108,910 shares in the company, valued at approximately $2,938,391.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Carin L. Fike sold 1,538 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $25.61, for a total value of $39,388.18. Following the completion of the transaction, the vice president now owns 25,956 shares in the company, valued at $664,733.16. The disclosure for this sale can be found here. In the last three months, insiders sold 28,068 shares of company stock worth $755,498. Insiders own 0.87% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Howe & Rusling Inc. bought a new position in Kroger during the 3rd quarter valued at approximately $103,000. Dupont Capital Management Corp purchased a new stake in Kroger during the 2nd quarter valued at $105,000. Mountain Capital Investment Advisors Inc purchased a new stake in Kroger during the 2nd quarter valued at $128,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Kroger by 497.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock valued at $129,000 after purchasing an additional 4,390 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Kroger by 85.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,888 shares of the company’s stock worth $137,000 after buying an additional 2,708 shares during the last quarter. Institutional investors and hedge funds own 79.59% of the company’s stock.

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About Kroger

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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