Meanwhile, the Cincinnati-based grocery giant reported a 5.5 percent increase in overall sales for the fourth quarter, and 5 percent for all of 2016, plus its 12th consecutive year of market share gains. BlackRock Institutional Trust Company N.A. now owns 26,682,880 shares of the company's stock worth $791,948,000 after buying an additional 185,960 shares during the last quarter. Baldwin Brothers Inc. MA raised its position in shares of Kroger Company (The) by 212.4% in the third quarter.
The stock showed weekly downbeat performance of -3.52%, which was maintained for the month at -4.24%. (NYSE:KR) recently. The rating firm issued a Neutral rating to this company in a research note released on Dec 14, 2016. The firm's 50-day moving average is $33.52 and its 200-day moving average is $32.58. (KR) has a US$29.89 Billion market cap.
Kroger Company (The) (NYSE:KR) last announced its quarterly earnings results on Thursday, December 1st. The company reported $0.41 EPS for the quarter, meeting analysts' consensus estimates of $0.41.
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The Kroger Co. exceeded Wall Street expectations Thursday with a $506 million profit on $27.6 billion in revenue. Kroger Company (The) had a net margin of 1.77% and a return on equity of 31.48%. The capital investments, excluding mergers, acquisitions, and purchases of leased facilities, had totaled $3.6 billion for the year, compared to $3.3 billion in 2015. Kroger Company (The) updated its FY18 guidance to $2.21-2.25 EPS.
Several research firms recently weighed in on KR. Jefferies Group LLC set a $32.00 target price on Kroger Company (The) and gave the stock a hold rating in a report on Thursday, December 1st.
Share of Kroger were last trading down 4% at $30.75, with a consensus analyst price target of $36.09 and a 52-week trading range of $28.71 to $39.22. Other highlights for the year included adding more than 420 ClickList locations for 640 online ordering service locations, a record-high unit share for its corporate brands, and the creation of 12,000 new supermarket jobs in the past year. As per tipranks.com, 5 analysts has covered the stock while recommending a "Moderate Buy". The company presently has an average rating of "Hold" and an average price target of $37.26. Also, insider Michael Joseph Donnelly sold 10,000 shares of the firm's stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $33.25, for a total transaction of $502,740.00. Following the transaction, the insider now owns 240,433 shares of the company's stock, valued at $7,994,397.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Following the transaction, the insider now directly owns 238,660 shares of the company's stock, valued at $8,197,971.