Published: Fri, March 03, 2017
Technology | By Ramiro Moody

Kroger Co Shares Fall On Tepid Comps, Outlook

Looking ahead, KR, forecast full-year 2017 EPS of $2.21 to $2.25, which straddles Wall Street's consensus estimate of $2.23.

Total sales increased 5.0% to $115.3 billion. Jefferies Group also issued estimates for Kroger Company (The)'s Q4 2018 earnings at $0.67 EPS, FY2019 earnings at $2.25 EPS and FY2020 earnings at $2.43 EPS.

Piper Jaffray analysts provided their view on The Kroger Co. The total market capitalization remained at $29.33 billion.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Monday, February 13th.

The Kroger Co. (NYSE:KR) is over 11% above analysts' consensus price target of US$36.09.

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KR has been the subject of a number of other research reports. Oppenheimer Holdings, Inc. restated an "outperform" rating and set a $40.00 price target on shares of Kroger Company (The) in a research report on Thursday, December 1st. Zacks Investment Research raised Kroger Company (The) from a "sell" rating to a "hold" rating in a report on Thursday, December 22nd.

The Kroger Co. (NYSE:KR) closed -4.43% below its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. Given that its average daily volume over the 30 days has been 7.61 million shares a day, this signifies a pretty significant change over the norm. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. The stock now has a consensus rating of "Hold" and a consensus price target of $36.92. Over the past month the firm's stock is -4.24%, -4.41% for the last quarter, -0.11% for the past six-months and -19.96% for the a year ago. After this transaction, the insider's stake stands at 56,722 shares, with a market value of $1803760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

In related news, insider Christopher T. Hjelm sold 15,120 shares of Kroger Company (The) stock in a transaction that occurred on Wednesday, December 7th. KR Vice President & Controller VAN OFLEN MARY ELIZABETH also sold 14,106 shares, at a stock price of $32.94. Following the transaction, the insider now directly owns 240,433 shares in the company, valued at $7,994,397.25. The disclosure for this sale can be found here.

Its last month's stock price volatility remained 2.16% which for the week stands at 2.02%. Kroger Company (The) had a return on equity of 31.48% and a net margin of 1.77%. AE Wealth Management LLC acquired a new stake in shares of Kroger Company (The) during the fourth quarter worth $255,000. Insiders have sold 39,226 shares of company stock worth $1,310,892 in the last quarter. The most recent short interest data show 1.33% of the company's stock are short sold. BlackRock Advisors LLC raised its position in Kroger Company (The) by 27.6% in the third quarter.

Shares in the supermarket chain, which have slipped 3.7% in the past three months, fell 4% in early trade.

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