Shares Observed in Overbought Territory: The Kroger Co. (NYSE:KR)


Kroger Co says that it is expecting earnings per share for the year to range from $2.00 to $2.05. Janus Henderson Group PLC now owns 8,260,260 shares of the company's stock valued at $192,630,000 after acquiring an additional 8,137,179 shares during the last quarter. SG Americas Securities LLC's holdings in Kroger were worth $3,827,000 at the end of the most recent quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in Kroger by 497.2% in the 2nd quarter. The consensus estimates call for $1.97 in EPS and $121.8 billion in revenue for the year. Howe & Rusling Inc. purchased a new stake in Kroger during the 3rd quarter worth about $103,000. Investors who are keeping close eye on the stock of The Kroger Co. FMR LLC increased its position in shares of Kroger by 17.7% during the second quarter. Grove Bank & Trust now owns 5,287 shares of the company's stock worth $124,000 after buying an additional 450 shares during the last quarter. This marked a 12% increase over last quarter, and the highest profits the company has earned so far this year.

KR has been the subject of a number of analyst reports. This company shares are -10.36% up from its target price of $23.18 and the current market capitalization stands at $23.16B. Zacks Investment Research downgraded Kroger Company (The) from a "hold" rating to a "sell" rating in a research report on Tuesday, August 29th. Nineteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. BMO Capital Markets set a $29.00 price target on Kroger and gave the stock a "hold" rating in a research note on Friday.

Micron Technology, Inc. (NASDAQ:MU) ended its day at $42.39 with the rising stream of -3.09% and its total traded volume was 63.76 million shares more than the average volume. The biggest holder now is W. Rodney Mcmullen who owns 2,564,502 shares (0.29% of those outstanding), whilst Joseph A. Pichler holds 1,132,813 (0.13% of shares outstanding) and David B. Dillon holds 923,853 (0.10% of shares outstanding).

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The highest price KR stock touched in the last 12 month was $36.44 and the lowest price it hit in the same period was $19.69. The stock has a market cap of $20,957.14, a price-to-earnings ratio of 12.34, a P/E/G ratio of 2.95 and a beta of 0.82.

Kroger Company (The) (NYSE:KR) last posted its quarterly earnings results on Friday, September 8th.

Analysts are also projecting an Average Revenue Estimate for The Kroger $27.46 Million in the Current Quarter. Kroger had a return on equity of 31.48% and a net margin of 1.77%. During the same quarter in the previous year, the firm posted $0.47 EPS.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, May 15th will be given a dividend of $0.12 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Thursday, May 11th.

Kroger is relatively undervalued even though its price-book ratio of 4 underperforms 67% of global grocery stores.

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