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State of Wisconsin Investment Board Buys 21785 Shares of Kroger Co (KR)

State of Wisconsin Investment Board Buys 21785 Shares of Kroger Co (KR)

As per Monday, October 9, the company rating was maintained by RBC Capital Markets.

Kroger also forecast a 1.5 percent to 2 percent rise in sales at existing stores in 2018, compared with the analyst consensus of 1.8 percent.

Estimates: Profit growth of 19% to 63 cents a share on 12% revenue gains to $30.83 billion. Zacks Investment Research's sales calculations are an average based on a survey of research analysts that that provide coverage for Kroger. Napier Park Global Capital Us Lp sold 287,500 shares as the company's stock declined 14.05% while stock markets rallied. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.63.

Shares of Kroger Co (KR) opened at $28.01 on Wednesday. The company's quarterly revenue was up 12.4% on a year-over-year basis. Piper Jaffray initiated the shares of KR in report on Tuesday, May 10 with "Underweight" rating.

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Among 35 analysts covering Kroger (NYSE:KR), 16 have Buy rating, 0 Sell and 19 Hold. Finally, Pivotal Research set a $30.00 target price on Kroger and gave the company a "buy" rating in a research report on Saturday, December 2nd. The firm has "Buy" rating by Northcoast given on Monday, November 6. BMO Capital Markets set a $29.00 price objective on shares of Kroger and gave the company a "hold" rating in a research note on Friday, December 1st. Fifteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of "Hold" and an average target price of $28.35. (NYSE:KR). Patten And Patten Tn holds 0.42% in The Kroger Co. Kroger has $48 highest and $19.0 lowest target. The company has a quick ratio of 0.31, a current ratio of 0.85 and a debt-to-equity ratio of 2.11. The company has a market cap of $23,120.00, a price-to-earnings ratio of 13.77, a PEG ratio of 4.44 and a beta of 1.04. Shareholders of record on Thursday, February 15th were given a dividend of $0.125 per share. Even with dividends reinvested, that only amounts to an average annual total return of about 1.6%; so by comparison collecting a yield above 2% would appear considerably attractive if that yield is sustainable. Kroger's dividend payout ratio is now 29.76%.

In related news, COO Michael Joseph Donnelly sold 15,400 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $27.00, for a total transaction of $446,310.00. Toronto Dominion Bank now owns 347,530 shares of the company's stock valued at $6,971,000 after purchasing an additional 31,561 shares during the last quarter. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Christopher T. Hjelm sold 8,000 shares of the company's stock in a transaction dated Monday, January 29th. Following the sale, the insider now directly owns 251,784 shares in the company, valued at $7,714,661.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,330 shares of company stock valued at $3,094,228. Virtu Finance Ltd Company reported 0% of its portfolio in The Kroger Co.

Several large investors have recently modified their holdings of KR. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Kroger by 41.0% in the fourth quarter. The institutional investor held 125,674 shares of the medical and nursing services company at the end of 2017Q3, valued at $7.96 million, down from 150,299 at the end of the previous reported quarter. The fund owned 26,066 shares of the company's stock after selling 22,275 shares during the quarter. Point View Wealth Management Inc. raised its stake in Kroger by 38.1% during the 3rd quarter. Gabelli Funds LLC now owns 233,000 shares of the company's stock valued at $4,674,000 after acquiring an additional 15,000 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Kroger by 0.3% during the 3rd quarter. Following the sale, the insider now directly owns 130,780 shares in the company, valued at $3,867,164.60. Andra AP fonden boosted its stake in Kroger by 22.2% in the third quarter. New York-based Engineers Gate Manager Limited Partnership has invested 0.31% in The Kroger Co. If you are accessing this piece on another site, it was illegally stolen and republished in violation of global copyright laws. Coho Partners Ltd who had been investing in The Kroger Co. for a number of months, seems to be bullish on the $23.18 billion market cap company. Last month the company sold 800 convenience stores to British gas station operator EG Group for $2.15 billion.


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