The Kroger Co (KR) was Reiterated by Telsey Advisory Group to “Outperform” while Lowering the Price Target of the company shares to $ 40 from a previous price target of $46 . Telsey Advisory Group advised their investors in a research report released on Sep 12, 2016.
Many Wall Street Analysts have commented on The Kroger Co. Shares were Reiterated by Telsey Advisory Group on Sep 12, 2016 to “Outperform” and Lowered the Price Target to $ 40 from a previous price target of $46 .Shares were Reiterated by RBC Capital Mkts on Sep 7, 2016 to “Sector Perform” and Lowered the Price Target to $ 37 from a previous price target of $39 .The Kroger Co was Upgraded by Goldman to ” Buy” on Jul 26, 2016.
On the company’s financial health, The Kroger Co reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Sep 9, 2016. Analyst had a consensus of $0.45. The company had revenue of $26565.00 million for the quarter, compared to analysts expectations of $26719.72 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.
The Kroger Co closed down -1.35 points or -4.13% at $31.32 with 19,365,459 shares getting traded on Wednesday. Post opening the session at $31.66, the shares hit an intraday low of $31.1 and an intraday high of $31.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jul 11, 2016, Oflen Mary Elizabeth Van (Vice President & Controller) sold 12,000 shares at $37.85 per share price. According to the SEC, on May 9, 2016, Christopher Conlon (Executive Vice President) sold 15,000 shares at $35.43 per share price. On Apr 11, 2016, Ronald Sargent (director) sold 3,000 shares at $38.09 per share price, according to the Form-4 filing with the securities and exchange commission.
The Kroger Co. (Kroger) operates retail food and drug stores multi-department stores jewelry stores and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. The Company operated either directly or through its subsidiaries approximately 2625 supermarkets and multi-department stores approximately 1330 of which had fuel centers. Approximately 48% of these supermarkets were operated in Company-owned facilities including some Company-owned buildings on leased land. The Company operates its 2640 supermarket and multi-department stores under banners including Kroger City Market Dillons Food 4 Less Fred Meyer Fry’s Harris Teeter Jay C King Soopers QFC Ralphs and Smith’s. Of these stores 1330 have fuel centers. The Company also operates 782 convenience stores either directly or through franchisees 326 fine jewelry stores and an online retailer.