New Potomac Partners LLC purchased a new position in Kroger Co (NYSE:KR) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,000 shares of the company’s stock, valued at approximately $49,000.
A number of other hedge funds have also made changes to their positions in KR. Atlas Brown Inc. increased its holdings in Kroger by 5.0% in the 4th quarter. Atlas Brown Inc. now owns 7,562 shares of the company’s stock worth $208,000 after buying an additional 361 shares in the last quarter. O Dell Group LLC lifted its position in shares of Kroger by 4.5% during the 4th quarter. O Dell Group LLC now owns 9,094 shares of the company’s stock valued at $250,000 after buying an additional 389 shares in the last quarter. Deane Retirement Strategies Inc. lifted its position in shares of Kroger by 0.8% during the 4th quarter. Deane Retirement Strategies Inc. now owns 51,516 shares of the company’s stock valued at $1,417,000 after buying an additional 392 shares in the last quarter. Utah Retirement Systems lifted its position in shares of Kroger by 0.3% during the 4th quarter. Utah Retirement Systems now owns 147,912 shares of the company’s stock valued at $4,068,000 after buying an additional 400 shares in the last quarter. Finally, Summit Global Investments lifted its position in shares of Kroger by 4.8% during the 4th quarter. Summit Global Investments now owns 9,063 shares of the company’s stock valued at $249,000 after buying an additional 415 shares in the last quarter. 82.20% of the stock is owned by institutional investors.
A number of research analysts have recently weighed in on KR shares. Buckingham Research lowered their price objective on Kroger from $24.00 to $22.00 and set an “underperform” rating on the stock in a research report on Friday, March 8th. ValuEngine cut Kroger from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Pivotal Research reaffirmed a “hold” rating and set a $26.00 price objective (down from $31.00) on shares of Kroger in a research report on Friday, March 8th. Scotiabank set a $32.00 price objective on Kroger and gave the company a “buy” rating in a research report on Friday, March 8th. Finally, Morgan Stanley lowered their price objective on Kroger from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, March 8th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. Kroger has an average rating of “Hold” and a consensus price target of $30.33.
NYSE KR traded down $0.21 during trading hours on Tuesday, reaching $25.29. The company’s stock had a trading volume of 147,328 shares, compared to its average volume of 8,081,661. The company has a current ratio of 0.76, a quick ratio of 0.28 and a debt-to-equity ratio of 1.54. Kroger Co has a 1 year low of $23.52 and a 1 year high of $32.74. The stock has a market cap of $20.41 billion, a PE ratio of 12.00, a P/E/G ratio of 1.55 and a beta of 0.63.
Kroger (NYSE:KR) last posted its earnings results on Thursday, March 7th. The company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.03). Kroger had a net margin of 2.57% and a return on equity of 23.50%. The firm had revenue of $28.09 billion during the quarter, compared to analysts’ expectations of $28.38 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, analysts forecast that Kroger Co will post 2.23 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, May 14th. Kroger’s payout ratio is 26.54%.
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The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.
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