Ronald Sargent Purchases 3,200 Shares of The Kroger Co. (NYSE:KR) Stock

The Kroger Co. (NYSE:KR) Director Ronald Sargent bought 3,200 shares of the firm’s stock in a transaction on Wednesday, December 30th. The shares were bought at an average cost of $31.65 per share, with a total value of $101,280.00. Following the transaction, the director now directly owns 116,520 shares of the company’s stock, valued at $3,687,858. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of KR stock opened at $31.76 on Friday. The Kroger Co. has a 1 year low of $26.72 and a 1 year high of $37.22. The firm’s 50 day moving average is $31.69 and its 200-day moving average is $33.40. The firm has a market capitalization of $24.18 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 1.48 and a beta of 0.34. The company has a current ratio of 0.83, a quick ratio of 0.35 and a debt-to-equity ratio of 1.19.

The Kroger (NYSE:KR) last announced its earnings results on Wednesday, December 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. The Kroger had a net margin of 2.29% and a return on equity of 27.26%. The company had revenue of $29.72 billion for the quarter, compared to analyst estimates of $30.03 billion. During the same period in the prior year, the business earned $0.47 earnings per share. The Kroger’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that The Kroger Co. will post 3.35 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in KR. Mercer Global Advisors Inc. ADV lifted its holdings in The Kroger by 24.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 156,911 shares of the company’s stock valued at $5,321,000 after buying an additional 31,268 shares during the period. Matarin Capital Management LLC acquired a new position in The Kroger in the third quarter valued at approximately $2,824,000. Sei Investments Co. lifted its holdings in The Kroger by 24.8% in the third quarter. Sei Investments Co. now owns 837,777 shares of the company’s stock valued at $28,381,000 after buying an additional 166,685 shares during the period. Van ECK Associates Corp lifted its holdings in The Kroger by 28.4% in the third quarter. Van ECK Associates Corp now owns 118,290 shares of the company’s stock valued at $4,011,000 after buying an additional 26,145 shares during the period. Finally, Kathmere Capital Management LLC acquired a new position in The Kroger in the third quarter valued at approximately $253,000. Institutional investors own 78.57% of the company’s stock.

A number of equities research analysts have issued reports on KR shares. Smith Barney Citigroup decreased their target price on The Kroger from $36.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, December 4th. Jefferies Financial Group initiated coverage on The Kroger in a research report on Friday, November 20th. They issued a “hold” rating and a $33.00 price objective for the company. Wells Fargo & Company lowered shares of The Kroger from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $38.00 to $34.00 in a research report on Wednesday, October 14th. Telsey Advisory Group increased their price target on shares of The Kroger from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, September 8th. Finally, BidaskClub upgraded shares of The Kroger from a “strong sell” rating to a “sell” rating in a research report on Monday, December 28th. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $34.92.

About The Kroger

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. 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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