The Kroger Co (KR) was Upgraded by Goldman to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Jul 26, 2016.
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.
On the company’s financial health, The Kroger Co reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jun 16, 2016. Analyst had a consensus of $0.69. The company had revenue of $34604.00 million for the quarter, compared to analysts expectations of $34728.52 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS.
The Kroger Co opened for trading at $36.39 and hit $36.55 on the upside on Wednesday, eventually ending the session at $36.4, with a gain of 0.52% or 0.19 points. The heightened volatility saw the trading volume jump to 41,27,015 shares. Company has a market cap of $34,543 M.
Investors should note that on Jun 23, 2016, The Kroger Co announced a cash dividend of $0.1200. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 1, 2016.
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.