Kroger Company (The) (NYSE:KR):
Kroger Appoints Liz Ferneding President of Ruler.
The company is up from yesterday’s close of $22.63.
Kroger Company (The) also declared a dividend that will be paid on Friday the 1st of September 2017. The dividend will be $0.125 per share for the quarter or $0.50 on an annualized basis. This dividend amount will represent a yeild of $2.16. The ex-dividend date will be on Thursday the 11th of May 2017.
The Kroger Co. (Kroger), launched on April 3, 1902, manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates. These facilities are located throughout the United States. As of January 28, 2017, Kroger operated, either directly or through its subsidiaries, 2,796 supermarkets under a range of local banner names, of which 2,255 had pharmacies and 1,445 had fuel centers. As of January 28, 2017, the Company offered ClickList and Harris Teeter ExpressLane, personalized, order online, pick up at the store services at 637 of its supermarkets. As of January 28, 2017, its supermarkets, on average, stocked over 14,000 private label items. Its corporate brand products are primarily produced and sold in three tiers. P$$T, Check This Out and Heritage Farm are the three brands. Its other brands include Simple Truth and Simple Truth Organic. As of January 28, 2017, it had operated 38 food production plants, which consisted of 17 dairies, 10 deli or bakery plants, five grocery product plants, two beverage plants, two meat plants and two cheese plants..
Company shares last traded at $22.90 just a bit lower than $27.53, the stock’s 50 day moving average and barely below the 200 day moving average of $30.69. The 50 day moving average was down $-4.63 whereas the 200 day moving average was down $-7.79 or -25.367%.
The P/E ratio is 13.790 and the market value is 20.55B. In the latest earnings report the EPS was $1.66 and is estimated to be $1.98 for the current year with 897,346,000 shares currently outstanding. Next quarter’s EPS is expected be $0.40 with next year’s EPS projected to be $2.04.
Brokerage analysts have released opinions on the stock of late. On June 19 the company was downgraded from “Overweight” to “Neutral” in a statement from Morgan Stanley. On June 16 the stock rating was downgraded to “Market Perform” from “Overweight” by analysts at JP Morgan.
On June 16 the stock rating was downgraded from “” to “Market Perform” in a report issued by Telsey Advisory Group. Loop Capital started coverage with an initial rating of “Hold”.
On December 14 the company was upgraded from “” to “Neutral” with a current price target of $34.00 in a report from PiperJaffray. On September 30 Jefferies maintained a company rating of “Hold” and moved down the price target to $32.00 from $37.00.