Kroger Company (NYSE:KR):
Kroger Third Quarter Conference Call With Investors.
The company is up since yesterday’s close of 21.6.
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..
The P/E ratio is currently 13.38 and the market value is 19.66B. In the latest earnings report the EPS was $1.65 with 893.00M shares outstanding.
Short traders are feeling a little more bearish of late at least if you consider the change in short interest. The stock saw a rise in short interest of 9.15% as of October 13, 2017 from the last reporting period. Short shares increased 7,257,391 over that timeframe. The short-interest ratio decreased to 4.0 and the percentage of shorted shares was 0.10% on October 13.
A few analysts have released opinions on the company. November 3 investment analysts at Wells Fargo & Company made no change to the stock rating of “Outperform” targeting a price of $26.00.
On October 4 Oppenheimer Holdings maintained a company rating of “Hold” projecting a price of $22.00.
September 12 investment analysts at Hilliard Lyons held the stock rating at “Buy” with a current price target of $30.00.