1 week Ago By ABMN Staff
The Kroger Co. ( NYSE:KR – Get Free Report ) EVP Christine S. Wheatley sold 30,000 shares of the business’s stock in a transaction dated Friday, April 4th.
The shares were sold at an average price of $69.44, for a total value of $2,083,200.00.
Following the completion of the sale, the executive vice president now owns 127,737 shares in the company, valued at approximately $8,870,057.28. This trade represents a 19.
02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . Kroger Stock Down 0.
2 % Kroger stock opened at $66.34 on Wednesday. The company’s 50-day moving average price is $65.
33 and its two-hundred day moving average price is $61.07. The company has a quick ratio of 1.
07, a current ratio of 1.54 and a debt-to-equity ratio of 1.74.
The stock has a market cap of $48.00 billion, a P/E ratio of 17.55, a P/E/G ratio of 2.
85 and a beta of 0.60. The Kroger Co.
has a twelve month low of $49.04 and a twelve month high of $71.93.
Kroger ( NYSE:KR – Get Free Report ) last announced its earnings results on Thursday, March 6th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.
09 by $0.05. The company had revenue of $34.
31 billion for the quarter, compared to analyst estimates of $34.96 billion. Kroger had a return on equity of 27.
73% and a net margin of 1.85%. As a group, analysts expect that The Kroger Co.
will post 4.44 EPS for the current year. Kroger Announces Dividend Kroger announced that its board has initiated a share buyback plan on Wednesday, December 11th that allows the company to repurchase $7.
50 billion in shares. This repurchase authorization allows the company to buy up to 16.9% of its shares through open market purchases.
Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued. Analysts Set New Price Targets A number of brokerages recently issued reports on KR. Citigroup lifted their target price on Kroger from $61.
00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, March 7th. BMO Capital Markets increased their target price on shares of Kroger from $60.
00 to $63.00 and gave the stock a “market perform” rating in a report on Thursday, December 12th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $70.
00 target price on shares of Kroger in a research report on Tuesday, February 4th. StockNews.com cut shares of Kroger from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 14th.
Finally, Melius Research cut Kroger from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.
com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.50. Get Our Latest Analysis on Kroger Institutional Trading of Kroger A number of institutional investors have recently bought and sold shares of the business.
Millstone Evans Group LLC bought a new stake in shares of Kroger in the fourth quarter valued at approximately $25,000. Whipplewood Advisors LLC acquired a new position in Kroger in the 4th quarter valued at $26,000. TCTC Holdings LLC bought a new stake in shares of Kroger during the 4th quarter valued at $27,000.
Transce3nd LLC bought a new position in shares of Kroger in the fourth quarter worth $28,000. Finally, Centricity Wealth Management LLC bought a new stake in Kroger during the fourth quarter worth about $32,000. Institutional investors own 80.
93% of the company’s stock. About Kroger ( Get Free Report ) The Kroger Co operates as a food and drug 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. Featured Articles Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter .
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