Investors Buy Kroger (KR) on Weakness

Traders bought shares of Kroger Co (NYSE:KR) on weakness during trading hours 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 companies 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 equities research analysts have recently weighed in on KR shares. Oppenheimer reissued a “buy” rating and set a $28.00 target price on shares of Kroger in a research report on Tuesday, September 5th. Deutsche Bank lowered Kroger from a “buy” rating to a “hold” rating and cut their target price for the stock from $26.00 to $21.00 in a research report on Monday, September 11th. Zacks Investment Research raised Kroger from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Goldman Sachs Group reissued a “neutral” rating and set a $22.00 target price on shares of Kroger in a research report on Tuesday, November 14th. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $26.00 target price on shares of Kroger in a research report on Friday, November 3rd. Eighteen 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 company. The stock has a consensus rating of “Hold” and an average price target of $29.11.

The company has a market cap of $24,898.47, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 3.76 and a beta of 0.92. The company has a current ratio of 0.85, a quick ratio of 0.31 and a debt-to-equity ratio of 2.11.

Kroger (NYSE:KR) last announced its earnings results on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, beating the 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 company had revenue of $27.75 billion for the quarter, compared to the consensus estimate of $27.48 billion. During the same period last year, the business posted $0.41 EPS. The company’s revenue was up 4.5% on a year-over-year basis. equities research analysts expect that Kroger Co will post 2.01 earnings per share for the current fiscal year.

In related news, Director Jorge P. Montoya sold 10,000 shares of Kroger stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $26.98, for a total value of $269,800.00. Following the sale, the director now directly owns 108,910 shares in the company, valued at $2,938,391.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Carin L. Fike sold 1,538 shares of Kroger stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $25.61, for a total value of $39,388.18. Following the completion of the sale, 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. Insiders sold a total of 28,068 shares of company stock worth $755,498 over the last quarter. Company insiders own 0.87% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Howe & Rusling Inc. acquired a new position in Kroger during the third quarter worth $103,000. Dupont Capital Management Corp acquired a new position in Kroger during the second quarter worth $105,000. Mountain Capital Investment Advisors Inc acquired a new position in Kroger during the second quarter worth $128,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in Kroger by 497.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock worth $129,000 after purchasing an additional 4,390 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Kroger by 85.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,888 shares of the company’s stock worth $137,000 after purchasing an additional 2,708 shares during the last quarter. Hedge funds and other institutional investors own 79.59% of the company’s stock.

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Kroger Company 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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