Kroger Co Stock Soars on Impressive Holiday Outlook

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Identical supermarket sales excluding fuel grew 1.1% during Kroger's third quarter ended November 4, slightly better than the 0.5% to 1% range the company said it would achieve for the remainder of 2017 when Restock Kroger was announced. Look at its top three institutional owners. Fisher Asset Management LLC raised its stake in Kroger by 1.0% in the 2nd quarter.

A number of research analysts have recently commented on the company.

SG Americas Securities LLC decreased its position in Kroger Co (NYSE:KR) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. (NYSE:KR) shares passing the 70 level, the stock is now considered to be in overbought territory and ripe for a potential pullback. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.87 and a quick ratio of 0.33. The firm owned 6,715,387 shares of the company's stock after acquiring an additional 18,468 shares during the quarter. Zacks Investment Research downgraded Kroger Company (The) from a "hold" rating to a "sell" rating in a research report on Tuesday, August 29th. Kroger has a one year low of $19.69 and a one year high of $36.44.

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Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, March 2nd. Analysts surveyed by FactSet forecast $1.97 per share, on average.

The results represent a mini-rebound for the company, which has seen profits suffer as it slashed prices to compete with Walmart and Target - as well as Amazon since its acquisition of Whole Foods - in an increasingly competitive landscape for grocers.

Earlier this month, Wal-Mart posted strong gains in its grocery business where it is the No. 1 or No. 2 competitor in 94% of Kroger's major markets, BMO Capital Markets wrote in a research note. Telsey Advisory Group upped their price target on Kroger from $24.00 to $28.00 and gave the stock a market perform rating in a report on Friday. In the same period of previous year, the retailer posted EPS of $0.41 and $26.56 billion in revenue. The firm had revenue of $27.61 billion for the quarter, compared to analyst estimates of $27.31 billion. The company is still expecting full-year EPS of $1.74 to $1.79 and adjusted EPS of $2.00 to $2.05. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.125 per share. Nineteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The ex-dividend date is Thursday, May 11th. Kroger presently has a consensus rating of Hold and a consensus target price of $29.06. Kroger's dividend payout ratio (DPR) is 30.30%. In related news, insider Christopher T. Hjelm sold 12,139 shares of the company's stock in a transaction on Wednesday, April 19th.

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