Insider Selling: Kroger Co (KR) Insider Sells 25,314 Shares of Stock
Kroger Co (NYSE:KR) insider Erin S. Sharp sold 25,314 shares of Kroger stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $29.00, for a total transaction of $734,106.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
KR stock traded up $0.18 during midday trading on Friday, reaching $26.92. 8,838,383 shares of the company’s stock traded hands, compared to its average volume of 10,542,735. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.73 and a quick ratio of 0.26. Kroger Co has a 52 week low of $20.25 and a 52 week high of $32.74. The stock has a market capitalization of $23.21 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 2.10 and a beta of 0.92.
Kroger (NYSE:KR) last issued its earnings results on Thursday, September 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. Kroger had a net margin of 3.05% and a return on equity of 28.05%. The business had revenue of $27.87 billion for the quarter, compared to analysts’ expectations of $27.95 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that Kroger Co will post 2.12 EPS for the current year.
A number of equities research analysts recently commented on the stock. Deutsche Bank cut shares of Kroger from a “hold” rating to a “sell” rating and lowered their price target for the stock from $30.00 to $24.00 in a report on Tuesday. Credit Suisse Group set a $32.00 price target on shares of Kroger and gave the stock a “buy” rating in a report on Friday, October 5th. Morgan Stanley lowered their price target on shares of Kroger from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, September 27th. Stephens set a $28.00 price target on shares of Kroger and gave the stock a “hold” rating in a report on Friday, September 14th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating on shares of Kroger in a report on Thursday, September 13th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.16.
A number of hedge funds have recently modified their holdings of KR. Landaas & Co. WI ADV purchased a new position in shares of Kroger during the 2nd quarter valued at $100,000. CSat Investment Advisory L.P. purchased a new position in shares of Kroger during the 2nd quarter valued at $109,000. Bridgeworth LLC purchased a new position in shares of Kroger during the 2nd quarter valued at $109,000. Creative Financial Designs Inc. ADV grew its position in shares of Kroger by 100.2% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 5,170 shares of the company’s stock valued at $147,000 after purchasing an additional 2,587 shares in the last quarter. Finally, Kiley Juergens Wealth Management LLC purchased a new position in shares of Kroger during the 2nd quarter valued at $173,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.
The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.
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