The Kroger (NYSE:KR) was downgraded by stock analysts at The Goldman Sachs Group from a "neutral" rating to a "sell" rating in a research report issued to clients and investors on Tuesday, Briefing.com reports. They currently have a $31.00 price objective on the stock, down from their previous price objective of $37.00. The Goldman Sachs Group's price target would suggest a potential downside of 17.07% from the stock's previous close.
Several other equities research analysts have also issued reports on KR. Bank of America lowered shares of The Kroger from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $40.00 to $28.00 in a report on Tuesday, February 23rd. Wells Fargo & Company upped their price target on shares of The Kroger from $31.00 to $34.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 27th. Telsey Advisory Group downgraded The Kroger from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $43.00 to $39.00 in a report on Thursday, January 28th. Morgan Stanley upped their target price on The Kroger from $28.00 to $29.00 and gave the stock an "underweight" rating in a report on Thursday, March 11th. Finally, Barclays lowered The Kroger from an "equal weight" rating to an "underweight" rating and set a $31.00 price target on the stock. in a research note on Thursday, January 7th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of "Hold" and a consensus target price of $34.11.
NYSE KR opened at $37.38 on Tuesday. The Kroger has a fifty-two week low of $30.35 and a fifty-two week high of $42.99. The business has a fifty day moving average price of $36.75 and a two-hundred day moving average price of $33.76. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.83 and a quick ratio of 0.35. The stock has a market capitalization of $28.11 billion, a PE ratio of 9.97, a PEG ratio of 1.51 and a beta of 0.36.
The Kroger (NYSE:KR) last announced its quarterly earnings data on Wednesday, March 3rd. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. The Kroger had a return on equity of 27.26% and a net margin of 2.29%. The business had revenue of $30.74 billion during the quarter, compared to the consensus estimate of $30.79 billion. During the same period in the prior year, the company earned $0.57 EPS. The Kroger's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts expect that The Kroger will post 3.35 earnings per share for the current year.
In other news, SVP Mark C. Tuffin sold 21,000 shares of the company's stock in a transaction that occurred on Monday, March 22nd. The stock was sold at an average price of $36.00, for a total value of $756,000.00. Following the completion of the transaction, the senior vice president now directly owns 243,243 shares of the company's stock, valued at $8,756,748. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Timothy A. Massa sold 16,000 shares of the stock in a transaction that occurred on Monday, April 19th. The shares were sold at an average price of $37.58, for a total value of $601,280.00. Following the sale, the senior vice president now directly owns 198,298 shares of the company's stock, valued at $7,452,038.84. The disclosure for this sale can be found here. Insiders sold a total of 84,730 shares of company stock worth $3,089,241 in the last 90 days. 1.34% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in KR. Northwest Investment Counselors LLC purchased a new stake in The Kroger in the first quarter worth $25,000. Diversified LLC purchased a new position in The Kroger during the 4th quarter valued at about $26,000. Mcmillion Capital Management Inc. purchased a new stake in shares of The Kroger in the fourth quarter worth about $29,000. Clear Perspectives Financial Planning LLC purchased a new stake in The Kroger in the 4th quarter worth approximately $30,000. Finally, Rocky Mountain Advisers LLC grew its position in shares of The Kroger by 46.0% during the 4th quarter. Rocky Mountain Advisers LLC now owns 952 shares of the company's stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. 84.64% of the stock is currently owned by institutional investors and hedge funds.
About The Kroger
The Kroger Co operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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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