Teachers Retirement System of The State of Kentucky Decreases Position in The Kroger Co. (NYSE:KR)

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of The Kroger Co. (NYSE:KRGet Rating) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,998 shares of the company’s stock after selling 2,089 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Kroger were worth $2,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Level Four Advisory Services LLC boosted its holdings in shares of Kroger by 4.9% in the 4th quarter. Level Four Advisory Services LLC now owns 8,072 shares of the company’s stock valued at $365,000 after buying an additional 379 shares in the last quarter. Primecap Management Co. CA acquired a new stake in Kroger in the 4th quarter worth approximately $1,584,000. FineMark National Bank & Trust boosted its stake in Kroger by 6.0% in the 4th quarter. FineMark National Bank & Trust now owns 5,911 shares of the company’s stock worth $268,000 after purchasing an additional 334 shares in the last quarter. Schroder Investment Management Group boosted its stake in Kroger by 3.7% in the 4th quarter. Schroder Investment Management Group now owns 3,076,987 shares of the company’s stock worth $139,265,000 after purchasing an additional 108,688 shares in the last quarter. Finally, People s United Financial Inc. boosted its stake in Kroger by 101.0% in the 4th quarter. People s United Financial Inc. now owns 34,307 shares of the company’s stock worth $1,553,000 after purchasing an additional 17,235 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Kroger from $41.00 to $43.00 and gave the stock an “underweight” rating in a research note on Monday, September 12th. Oppenheimer cut their price target on shares of Kroger to $51.00 in a report on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kroger from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, September 13th. UBS Group lifted their target price on shares of Kroger to $57.00 in a research note on Tuesday, September 13th. Finally, Guggenheim reissued a “buy” rating and set a $57.00 price target on shares of Kroger in a research report on Friday, June 17th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $52.89.

Kroger Trading Up 0.4 %

Shares of KR stock opened at $47.45 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.28 and a current ratio of 0.72. The Kroger Co. has a 1 year low of $38.22 and a 1 year high of $62.78. The stock has a fifty day moving average of $47.92 and a two-hundred day moving average of $51.62. The firm has a market capitalization of $33.95 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 1.00 and a beta of 0.47.

Kroger (NYSE:KRGet Rating) last posted its quarterly earnings data on Friday, September 9th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. Kroger had a return on equity of 31.72% and a net margin of 1.70%. The company had revenue of $34.64 billion for the quarter, compared to the consensus estimate of $34.44 billion. During the same quarter in the previous year, the business earned $0.80 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, research analysts expect that The Kroger Co. will post 4.06 EPS for the current year.

Kroger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, November 14th. Kroger’s dividend payout ratio (DPR) is presently 31.61%.

Kroger Profile

(Get Rating)

The Kroger Co operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

Featured Articles

Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kroger Co. (NYSE:KRGet Rating).

Institutional Ownership by Quarter for Kroger (NYSE:KR)

Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.