The Kroger Co (KR) : Smith Asset Management Group Lp scooped up 17,751 additional shares in The Kroger Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 2,247,924 shares of The Kroger Co which is valued at $77,665,774.The Kroger Co makes up approximately 2.34% of Smith Asset Management Group Lp’s portfolio.
Other Hedge Funds, Including , Bluecrest Capital Management Ltd sold out all of its stake in KR during the most recent quarter. The investment firm sold 25,433 shares of KR which is valued $878,710.Nisa Investment Advisors L.l.c. boosted its stake in KR in the latest quarter, The investment management firm added 7,900 additional shares and now holds a total of 304,314 shares of The Kroger Co which is valued at $10,769,672. The Kroger Co makes up approx 0.15% of Nisa Investment Advisors L.l.c.’s portfolio.Advisory Services Network reduced its stake in KR by selling 277 shares or 22.27% in the most recent quarter. The Hedge Fund company now holds 967 shares of KR which is valued at $34,406. The Kroger Co makes up approx 0.01% of Advisory Services Network’s portfolio.Cornerstone Advisors boosted its stake in KR in the latest quarter, The investment management firm added 177 additional shares and now holds a total of 745 shares of The Kroger Co which is valued at $26,507. The Kroger Co makes up approx 0.03% of Cornerstone Advisors’s portfolio.Crossvault Capital Management boosted its stake in KR in the latest quarter, The investment management firm added 2,525 additional shares and now holds a total of 88,900 shares of The Kroger Co which is valued at $3,163,062. The Kroger Co makes up approx 2.30% of Crossvault Capital Management’s portfolio.
The Kroger Co closed down -0.6 points or -1.67% at $35.24 with 78,19,549 shares getting traded on Tuesday. Post opening the session at $35.44, the shares hit an intraday low of $34.97 and an intraday high of $35.57 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, The Kroger Co reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 3, 2016. Analyst had a consensus of $0.54. The company had revenue of $26165.00 million for the quarter, compared to analysts expectations of $26275.91 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.
Many Wall Street Analysts have commented on The Kroger Co. Piper Jaffray Initiated The Kroger Co on May 10, 2016 to “Underweight”, Price Target of the shares are set at $29.Sun Trust Rbsn Humphrey Initiated The Kroger Co on May 3, 2016 to “Neutral”, Price Target of the shares are set at $39.Shares were Reiterated by Pivotal Research Group on Mar 4, 2016 to “Buy” and Lowered the Price Target to $ 44 from a previous price target of $46 .
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.