Media stories about Kroger (NYSE:KR) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Kroger earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.9408881210014 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Oppenheimer on Dollar Tree and Dollar General: ‘Outperform’ Rating (finance.yahoo.com)
- Kroger Actively Recruiting for Management Roles (finance.yahoo.com)
- Myxx® Expands Shoppable Recipe Platform to over 1300 Kroger Stores in 17 States (prweb.com)
- Kroger Co (KR) Expected to Announce Earnings of $0.62 Per Share (americanbankingnews.com)
- Coming to a grocery store near you: Self-driving shopping carts and smart shelves (cnbc.com)
Kroger (KR) traded up $0.39 on Thursday, hitting $29.06. The stock had a trading volume of 10,559,484 shares, compared to its average volume of 9,520,000. The firm has a market cap of $25,610.00, a price-to-earnings ratio of 17.30, a P/E/G ratio of 3.70 and a beta of 0.93. Kroger has a 12 month low of $19.69 and a 12 month high of $34.99. The company has a current ratio of 0.85, a quick ratio of 0.31 and a debt-to-equity ratio of 2.11.
Kroger (NYSE:KR) last released its earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. Kroger’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. equities analysts anticipate that Kroger will post 2.04 EPS for the current year.
A number of research firms recently weighed in on KR. Goldman Sachs Group restated a “neutral” rating and issued a $22.00 price target on shares of Kroger in a research note on Tuesday, November 14th. Oppenheimer reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Kroger in a report on Monday, December 4th. Moffett Nathanson started coverage on Kroger in a report on Monday, December 4th. They issued a “buy” rating on the stock. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $26.00 price objective on shares of Kroger in a report on Friday, November 3rd. Finally, Stephens raised Kroger from an “underweight” rating to an “equal weight” rating and set a $36.44 price objective on the stock in a report on Thursday, October 12th. Seventeen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.48.
In other news, VP Carin L. Fike sold 1,538 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the sale, the vice president now directly owns 25,956 shares of the company’s stock, valued at approximately $664,733.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Michael Joseph Donnelly sold 15,400 shares of the stock in a transaction on Friday, December 28th. The stock was sold at an average price of $27.66, for a total value of $425,964.00. Following the sale, the chief operating officer now directly owns 290,353 shares in the company, valued at $8,031,163.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,868 shares of company stock worth $1,607,426. 0.85% of the stock is currently owned by insiders.
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The Kroger Co (Kroger) 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.
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