Wells Fargo & Company Reiterates "Buy" Rating for Kroger Company (The) (KR)

Xavier Trudeau
Juin 17, 2017

Loop Capital analysts stated on 16/05/2017 that they launched coverage on this stock with Hold rating. Advantage Investment Management LLC now owns 3,682 shares of the company's stock worth $109,000 after buying an additional 502 shares during the period. State Street Corp now owns 39,024,802 shares of the company's stock worth $1,346,747,000 after buying an additional 401,841 shares during the period. Finally, Trust Investment Advisors boosted its position in shares of Kroger Company (The) by 5.4% in the third quarter. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is Mean Rating on scale of 1-5. The stock's market capitalization is 22.45B.

The Kroger Co. (NYSE:KR) yearly performance is -31.22% and net profit margin is 1.70%. The company was initiated on Friday, February 12 by Stifel Nicolaus. Kroger Company has a 1-year low of $24.37 and a 1-year high of $37.97. Company's distance from 20 day simple moving average is -17.35% and distance from 50-Day simple moving average is -17.20%. Kroger Company (The) also was the recipient of some unusual options trading on Wednesday. Investors purchased 885 call options on the company. This represents an increase of 198% compared to the typical volume of 297 call options.

Kroger Company (The) (NYSE:KR) last posted its quarterly earnings data on Thursday, June 15th.

This represents a like-for-like decrease of 56% compared to the same period a year ago, where Kroger posted net earnings of $696 million (€623 million), and $0.71 per diluted share. The firm had revenue of $36.29 billion for the quarter, compared to analyst estimates of $35.69 billion. During the same quarter in the previous year, the company posted $0.70 EPS. The company's revenue was up 4.9% on a year-over-year basis. The company's current price-earnings ratio amounts to 14.68 times earnings, below the average P/E ratio of 43.05 times earnings.

WARNING: "Kroger Company (The) (KR) Lowered to "Neutral" at Bank of America Corporation" was published by Stock Observer and is owned by of Stock Observer. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & global copyright and trademark legislation. Moreover, Commonwealth Of Pennsylvania Pub School Empls Retrmt has 0.03% invested in Kroger Co (NYSE:KR) for 54,125 shares.

Several brokerages have recently issued reports on KR. Buy rating has been given by 0 analysts to the company stock whereas 0 given UNDERPERFORM rating to stock and 3 given HOLD rating.

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reissued a buy rating and issued a $37.00 price objective on shares of Kroger Company (The) in a report on Tuesday. Zacks Investment Research raised Kroger Company (The) from a "sell" rating to a "hold" rating in a research note on Monday, February 20th. Deutsche Bank AG reiterated a "buy" rating on shares of Kroger Company (The) in a research report on Friday, May 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. Finally, Guggenheim reaffirmed a "buy" rating and issued a $40.00 price objective on shares of Kroger Company (The) in a report on Tuesday, February 28th. Also, VP Oflen Mary Elizabeth Van sold 8,000 shares of the firm's stock in a transaction on Friday, April 21st. The stock was sold at an average price of $29.90, for a total transaction of $299,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

In other Kroger Company (The) news, Director Susan J. Kropf sold 10,000 shares of the firm's stock in a transaction on Monday, April 10th. The shares were sold at an average price of $30.01, for a total value of $528,176.00. Following the completion of the sale, the director now directly owns 81,240 shares in the company, valued at approximately $2,384,394. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,604 shares of company stock worth $2,234,714.

Over the short term, some market observers may have noticed that The Kroger Co. has a 2.52% short float with 15 days to cover.

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