The Kroger Co. (NYSE: KR) – Jefferies Financial Group equity analysts increased their earnings estimates for the first quarter of 2022 on The Kroger shares in a notice issued to investors Thursday, April 1st. Jefferies Financial Group analyst M. Fishbein now expects the company to earn $ 1.34 per share for the quarter, compared to its previous forecast of $ 1.31. Jefferies Financial Group also estimated The Kroger’s earnings for the fourth quarter of 2022 at $ 0.60 per share, for the fiscal year 2022 at $ 2.93 per share, and for the first quarter of 2023 at $ 1.28 per share known. The Kroger (NYSE: KR) last announced its quarterly results on Wednesday, March 3rd. The company reported earnings of $ 0.81 per share for the quarter, beating analysts’ consensus estimate of $ 0.69 by $ 0.12. The company had revenue of $ 30.74 billion for the quarter, compared to analyst expectations of $ 30.79 billion. The Kroger had a return on equity of 27.26% and a net margin of 2.29%. The company’s quarterly revenue increased 6.4% year over year. For the same period last year, the company posted earnings of $ 0.57 per share.
Several other research firms have also looked into KR recently. Bank of America downgraded The Kroger’s shares from “neutral” to “underperform” in a report dated Tuesday, February 23, and lowered its price target on the stock from $ 40.00 to $ 28, 00 USD. Wells Fargo & Company raised its target price on shares of The Kroger from USD 31.00 to USD 34.00 and gave the stock an “equilibrium” rating in a research note on Wednesday, January 27th. Credit Suisse Group lowered its price target for shares in The Kroger from USD 36.00 to USD 34.00 and rated the shares as “neutral” in a research note on Friday, December 4th. Morgan Stanley raised its target price for The Kroger from USD 28.00 to USD 29.00 and rated the stock as underweight in a research report on Thursday, March 11th. Finally, Citigroup Inc., based on Russell-based minimum coupon capital of 3%, lowered its target price for The Kroger from $ 36.00 to $ 33.00 and rated the stock in a research report on Friday, December 4th, as “neutral”. Three analysts have rated the stock with a sell rating, seventeen with a hold rating, and two with a buy rating on the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $ 34.29.
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Kroger shares opened at $ 35.95 on Friday. The Kroger has a 1-year low of $ 29.85 and a 1-year high of $ 42.99. The company has a market cap of $ 27.37 billion, a P / E of 9.59, a P / E of 1.51, and a beta of 0.36. The company’s moving average price for fifty days is $ 34.67 and the moving average price for two hundred days is $ 33.23. The company has a leverage ratio of 1.19, a current rate of 0.83, and a fast rate of 0.35.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. A dividend of $ 0.18 will be paid to registered investors on Friday, May 14th. This equates to an annualized dividend of $ 0.72 and a yield of 2.00%. The ex-dividend date of this dividend is Thursday May 13th. Kroger’s payout ratio is currently 32.73%.
In other news from The Kroger, director Clyde R. Moore sold 13,000 shares in the company on Wednesday, Jan. 27. The shares were sold at an average price of $ 39.89 for a total value of $ 518,570.00. Following the transaction, the director now holds 132,677 shares in the company valued at approximately $ 5,292,485.53. The transaction was disclosed in a document filed with the SEC, which can be accessed via this link. SVP Mark C. Tuffin also sold 21,000 shares in a transaction that took place on Monday, March 22nd. The stock was sold at an average price of $ 36.00 for a total transaction of $ 756,000.00. Upon completion of the sale, the senior vice president now owns 243,243 shares in the company, valued at approximately $ 8,756,748. The disclosure for this sale can be found here. Over the past ninety days, insiders have sold 73,730 shares in the company, valued at $ 2,708,071. Company insiders own 1.34% of the company’s stock.
Institutional investors and hedge funds have recently added or reduced their stake in the stock. Resonant Capital Advisors LLC increased its stake in The Kroger by 11.5% in the fourth quarter. Resonant Capital Advisors LLC now owns 42,078 shares in the company valued at $ 1,336,000 after purchasing an additional 4,326 shares last quarter. The California State Teachers Retirement System increased its stake in The Kroger by 3.3% in the third quarter. The California State Teachers Retirement System now owns 1,584,029 shares in the company, valued at $ 53,714,000, after purchasing an additional 50,460 shares last quarter. Coho Partners Ltd. increased its stake in The Kroger by 6.7% in the fourth quarter. Coho Partners Ltd. now owns 6,868,324 shares in the company valued at $ 218,138,000, after acquiring an additional 429,144 shares last quarter. Schwartz Investment Counsel Inc. increased its stake in The Kroger by 11.1% in the third quarter. Schwartz Investment Counsel Inc. now owns 45,200 shares in the company valued at $ 1,533,000 after purchasing an additional 4,500 shares last quarter. Finally, Unison Advisors LLC increased its stake in The Kroger by 0.5% in the fourth quarter. Unison Advisors LLC now owns 57,935 shares in the company valued at $ 1,840,000 after purchasing an additional 304 shares last quarter. 84.64% of the shares are owned by hedge funds and other institutional investors.
The Kroger company profile
Kroger Co operates as a retailer in the USA. The company operates supermarkets, department stores, marketplaces and warehouses for price impact. The combination of grocery and drug stores offers natural food and organic areas, pharmacies, general goods, animal centers, fresh seafood and organic products. and department stores sell apparel, home fashion and furniture, outdoor living, electronics, automotive products, and toys.
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