Harbor Advisors LLC cut its holdings in Kroger Company (The) (NYSE:KR) by 36.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,800 shares of the company’s stock after selling 7,200 shares during the period. Harbor Advisors LLC’s holdings in Kroger Company (The) were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Howe & Rusling Inc. acquired a new stake in shares of Kroger Company (The) in the 3rd quarter valued at about $103,000. Dupont Capital Management Corp acquired a new position in Kroger Company (The) during the 2nd quarter valued at about $105,000. Cedar Wealth Management LLC boosted its stake in Kroger Company (The) by 155.9% during the 2nd quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock valued at $116,000 after purchasing an additional 3,040 shares during the last quarter. CWM LLC boosted its stake in Kroger Company (The) by 1,162.2% during the 2nd quarter. CWM LLC now owns 5,213 shares of the company’s stock valued at $122,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Grove Bank & Trust boosted its stake in Kroger Company (The) by 9.3% during the 2nd quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock valued at $124,000 after purchasing an additional 450 shares during the last quarter. 75.06% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently weighed in on KR. Jefferies Group LLC restated a “hold” rating on shares of Kroger Company (The) in a research note on Friday, August 25th. BidaskClub downgraded Kroger Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $26.00 price target on shares of Kroger Company (The) in a report on Friday, November 3rd. Zacks Investment Research cut shares of Kroger Company (The) from a “hold” rating to a “strong sell” rating in a report on Monday, October 16th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of Kroger Company (The) in a report on Tuesday. They issued a “neutral” rating and a $22.00 price target on the stock. Nineteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $29.10.
Shares of Kroger Company (NYSE KR) opened at $22.02 on Wednesday. Kroger Company has a fifty-two week low of $19.69 and a fifty-two week high of $36.44. The company has a current ratio of 0.87, a quick ratio of 0.33 and a debt-to-equity ratio of 2.13. The company has a market cap of $19,640.65, a P/E ratio of 11.56, a PEG ratio of 1.70 and a beta of 0.82.
Kroger Company (The) (NYSE:KR) last issued its earnings results on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The company had revenue of $27.60 billion for the quarter, compared to analysts’ expectations of $27.48 billion. During the same quarter last year, the company posted $0.47 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. sell-side analysts forecast that Kroger Company will post 2 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.27%. The ex-dividend date is Tuesday, November 14th. Kroger Company (The)’s dividend payout ratio is currently 30.30%.
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Kroger Company (The) Profile
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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