Kroger (NYSE:KR) Rating Reaffirmed
In a comprehensive report sent to investors and clients this morning, Argus kept steady their “Buy” rating on Kroger (NYSE:KR) shares. The target price may suggest a possible upside of 9.54% from firm’s stock close price.
From a total of 21 analysts covering Kroger (NYSE:KR) stock, 15 rate it a ”Buy”, 0 a “Sell”, and 9 a ”Hold”. This means that 63% of the ratings are positive. The highest target price is $51 while the lowest target price is $33. The mean of all analyst targets is $44.12 with a 6.84% above today’s ($41.09) stock price. Kroger was the topic of 19 analyst reports since August 25, 2015 according to the firm StockzIntelligence Inc. Northcoast upgraded shares on December 7 to “Buy” rating. Jefferies maintained shares with “Hold” rating and $40 target share price in a report from a September 14. Barclays Capital maintained KR stock in a recent report from December 4 with “Equal-Weight” rating. Argus Research maintained the rating on September 14. Argus Research has a “Buy” rating and a $43 price target on shares. Finally, Citigroup maintained the stock with “Buy” rating in a report issued on a September 17.
The stock decreased 0.10% or $0.04 on December 11, striking $41.09. Approximately shares of stock traded hands. Kroger Co (NYSE:KR) has declined 42.82% since May 11, 2015 and is downtrending. It has underperformed by 38.40% the S&P500.
The overall sentiment of institutions has decreased to 0.96 in Q2 2015. Its down 0.16, from 1.12 in 2015Q2. The ratio turned negative, as 42 institutions have sold all the shares of Kroger Co that they owned while 308 funds have taken shares off the table. 74 funds have purchased shares for the first time while 263 added to their positions. These institutions now hold 1.47 billion shares or 293.64% more than the 374.65 million shares they owned in 2015Q2.
The Fund Rr Partners Lp currently is holding shares equating to 13.21% of its total portfolio in Kroger Co representing a total of 8.55 million shares. Another fund,First National Bank Of Hutchinson, is holding a total of 299,726 shares equating to 7.43% of their holdings. Additionally, Raveneur Investment Group Lp has a 530,100 share stake in Kroger Co which represents 6.46% of their total portfolio. The Fund, Swarthmore Group Inc, based out of Pennsylvania, has also built up a stake in the stock, which represents a total of 4.66% of their total portfolio. Finally Agf Investments America Inc., a fund which is based in the state of Ontario – Canada reported a total holdings of 186,616 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 10, 2015, shareholders of Kroger Co have witnessed 0 insider buys, and a total of 1 sale equating to a net activity of approximately $270,900 . Clark Robert W sold 7,000 shares worth approximately $270,900. Mcmullen W Rodney sold 42,026 shares worth approximately $3.01M. Van Oflen Mary Elizabeth sold 3,000 shares worth approximately $231,216. Covert Geoffrey J sold 5,714 shares worth approximately $438,875. The company insider Ellis Michael L sold 5,000 shares worth $387,500.
The Kroger Co. operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. The company has a market cap of $39.99 billion. The Firm also makes and processes some of the food for sale in its supermarkets. It has 20.31 P/E ratio. The Firm operated, either directly or through its subsidiaries, approximately 2,625 supermarkets and multi-department stores, approximately 1,330 of which had fuel centers.
According to Zacks Investment Research, “Kroger Company is one of the larger grocery retailers in the United States. The company also manufactures and processes food for sale by its supermarkets. The company intends to develop new food and convenience store locations and will continue to assess existing stores as to possible replacement, remodeling, enlarging, or closing.”