Why Comparable Sales Are Dragging Kroger Down
- by Clyde Nash
- in Technology
- — Mar 3, 2017
Kroger, whose chains include Ralphs and Fred Meyer, forecast full-year earnings of $2.21-$2.25 per share, the midpoint of which meets analysts' average estimate of $2.23, according to Thomson Reuters I/B/E/S. Zacks Investment Research raised Kroger Company (The) from a "sell" rating to a "hold" rating in a report on Thursday, December 22nd.
A gap is a space between prices that occurs when the price of a stock makes a move down or up when there is no trading happening in between.
In 2016, Kroger has repurchased $1.8 billion in common shares, paid $429 million in dividends, invested $3.6 billion in capital, and merged with ModernHEALTH for approximately $390 million. Kroger Company has a 12 month low of $28.71 and a 12 month high of $42.42. Vetr lowered Kroger Company (The) from a "hold" rating to a "sell" rating and set a $32.15 price target on the stock.in a research report on Monday, November 14th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $37.03. (NYSE:KR)'s stock is experiencing unusual volume during today's trading. The firm's 50-day moving average is $33.52 and its 200-day moving average is $32.58. The company has a market cap of $31.63 billion, a P/E ratio of 16.20 and a beta of 0.74.
Kroger Company (The) (NYSE:KR) last posted its earnings results on Thursday, March 2nd. The company earned $26.56 billion during the quarter, compared to analysts' expectations of $26.43 billion.
But it also ended a more than four-year streak of same-store sales growth. The ex-dividend date of this dividend was Monday, February 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.51%.
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Receive Kroger Company (The) News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger Company (The) with MarketBeat.com's FREE daily email newsletter. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The stock was sold at an average price of $34.35, for a total value of $343,500.00. Following the completion of the transaction, the insider is left with a stake of 240,433 shares, amounting $7645769.4. The disclosure for this sale can be found here.
Institutional investors have recently modified their holdings of the company. Leading up to this report, we have seen a -4.33% fall in the stock price over the last 30 days and a -5.8% decline over the past 3 months. Private Capital Management Inc. increased its stake in Kroger Company (The) by 11.2% in the third quarter. Franklin Resources Inc. raised its position in Kroger Company (The) by 17.9% in the fourth quarter. Global X Management Co. Baker Ellis Asset Management LLC now owns 253,266 shares of the company's stock valued at $7,517,000 after buying an additional 1,685 shares during the period.
Several insiders were part of recent insider activity for the stock.
Kroger operates 2,796 retail food stores under a variety of local banners in 35 states and the District of Columbia.
