Kroger Company (The) (KR) Target Price Lowered to $32.00 at Pivotal Research

Elias Hubbard
April 17, 2018

According to the company's press release, Kroger is investing in a number of initiatives for the benefit of its employees, including an industry-leading education assistance program called Feed Your Future, accelerated investments in store associate wages, a more generous 401 (k) benefit, and enriched associate discount and support programs. At the end of 2017Q4, the institutional investor held 215,540 shares of the food chains company, priced at $5.92 million, up from 12,883 at the end of the previous reported quarter. The Kroger Co. (NYSE:KR) has declined 18.87% since April 16, 2017 and is downtrending. KR underperformed the S&P500 by 30.42%. Benjamin F Edwards And Co holds 0.03% of its portfolio in The Kroger Co. (NYSE:KR) for 283,703 shares.

The Average Earnings Estimate for the Current Fiscal quarter is $0.4 per share, according to consensus of 23 analysts. KR's profit will be $545.57M for 9.62 P/E if the $0.63 EPS becomes a reality. After $0.63 actual EPS reported by The Kroger Co. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Big Money Sentiment increased to 0.9 in 2017 Q4. It has change of 0.02, from 2017Q3's 0.88. 78 investors sold all, 251 reduced holdings as KR ratio increased.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. (NYSE:KR). Credit Suisse Ag holds 0.03% or 1.34M shares. Finally, Baker Ellis Asset Management LLC raised its holdings in Kroger by 0.7% in the 4th quarter. Kroger's payout ratio is 24.51%. (NYSE:KR). 3.27M were reported by Amundi Pioneer Asset Management Incorporated. Invesco holds 0.01% or 1.45M shs in its capital. Following the sale, the insider now directly owns 240,433 shares in the company, valued at $7,994,397.25. The Kroger Co. formats include supermarkets, price-impact warehouse stores, and multi-department stores, which are similar to supercenters, but offer an expanded variety of national brand appeal and general merchandise. BMO Capital Markets maintained the shares of KR in report on Monday, March 12 with "Market Perform" rating. Panagora Asset Mngmt reported 121,987 shares. The Missouri-based First Allied Advisory Serv has invested 0.14% in The Kroger Co. (NYSE:KR) or 771,005 shares. Hl Fincl Limited Com stated it has 152,144 shares. The shares were sold at an average price of $30.64, for a total transaction of $1,225,600.00. Sterling Cap Mgmt Ltd accumulated 499,720 shares. (NYSE:KR). Greenleaf has invested 0.01% of its portfolio in The Kroger Co. Frontier Investment Management holds 0.03% of its portfolio in The Kroger Co.

Baxter Bros Inc decreased its stake in Intuit Inc (INTU) by 3.52% based on its latest 2017Q4 regulatory filing with the SEC. (NYSE:HRL) by 16,200 shares in the quarter, for a total of 17,200 shares, and has risen its stake in Amerisourcebergen Corp. It also upped Altria Group Inc (NYSE:MO) stake by 5,437 shares and now owns 42,622 shares. Diebold Nxdf Inc (NYSE:DBD) was raised too. (NYSE:KR). Emerald Advisers Pa has invested 0.06% in The Kroger Co. Therefore 47% are positive. Kroger had 110 analyst reports since August 25, 2015 according to SRatingsIntel. Jefferies maintained The Kroger Co. (NYSE:KR) could be one that fits the bill.

The Kroger Co. (KR) has year to date performance of -13.55% and weekly performance of -0.17%. (NYSE:KR) has "Outperform" rating given on Thursday, March 23 by RBC Capital Markets. Jefferies maintained the shares of INTU in report on Thursday, September 28 with "Buy" rating. On Monday, September 11 the stock rating was maintained by Jefferies with "Hold". (NYSE:KR) to report earnings on June, 21. The rating was downgraded by Goldman Sachs on Friday, June 16 to "Neutral". (NYSE:KR) earned "Outperform" rating by Wells Fargo on Friday, December 18.

KR had 6 sales and 0 buys since December 19, 2017. Shares for $1.23M were sold by DONNELLY MICHAEL JOSEPH. $325,292 worth of stock was sold by Clark Robert W on Monday, January 22.

We can also take a look at the Average Directional Index or ADX of The Kroger Co. About 19,008 shares traded.

Wesbanco Bank Inc holds 4.52% of its portfolio in WesBanco, Inc. for 1.64 million shares. Cypress Cap Limited Company owns 7,300 shares or 0.04% of their United States portfolio. Moreover, Canyon Cap Lc has 0.89% invested in The Kroger Co. Texas-based American Registered Advisor has invested 0.26% in The Kroger Co. Bank Of America Corp De, a North Carolina-based fund reported 69,847 shares.

Ratings analysis reveals 0 of WesBanco Inc's analysts are positive. Sell-side analysts covering the shares are projecting that it will reach $27.40 within the next 12-18 months. WSBC was included in 2 notes of analysts from October 27, 2016. As per Wednesday, February 8, the company rating was initiated by Jefferies. The company has a current ratio of 0.78, a quick ratio of 0.32 and a debt-to-equity ratio of 1.74. It operates in two divisions, Community Banking, and Trust and Investment Services. P/E ratio is noted at 22.26.

Analysts await WesBanco, Inc. (NASDAQ:INTU). Teachers & Annuity Association Of America reported 0.03% in Intuit Inc. The price to earnings growth ratio is 5.42 and the price to sales ratio is 0.17.

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