Kroger Co Stock Soars on Impressive Holiday Outlook

Kroger Co Stock Soars on Impressive Holiday Outlook

AMG National Trust Bank now owns 69,867 shares of the company's stock valued at $1,629,000 after purchasing an additional 36,164 shares during the last quarter. Visit for more information on this news. Capital Investment Counsel Inc's holdings in Kroger Company (The) were worth $552,000 at the end of the most recent quarter.

Kroger said total sales increased 4.5 percent in the quarter, pushing its fiscal third-quarter earnings to $397 million, better than the $391 million for the same quarter past year.

Kroger Co. posted results that beat analysts' expectations for the third quarter as lower food costs offset price cuts at its stores.

In the past 5 years, the stock showed growth of 13.57% per annum. The institutional investor owned 27,507 shares of the company's stock after purchasing an additional 13,687 shares during the period. Finally, CWM LLC raised its stake in Kroger by 1,162.2% in the 2nd quarter. The company's quarterly revenue was up 4.5% on a year-over-year basis. Credit Suisse Group AG set a $33.00 target price on shares of Kroger and gave the company a "hold" rating in a report on Thursday, March 2nd. Zacks Investment Research downgraded Kroger Company (The) from a "hold" rating to a "sell" rating in a research report on Tuesday, August 29th. Finally, Northcoast Research upgraded Kroger Company (The) from a "neutral" rating to a "buy" rating in a research note on Monday, November 6th. Stephens started coverage on Kroger in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. They set an "underweight" rating and a $20.00 price target on the stock.

For the Current Quarter, the growth estimate for The Kroger -2.4%, while for the Next Quarter the stock growth estimate is 13.2%. 64,064,398 shares of the stock were exchanged, compared to its average volume of 12,311,889. The company has a price-earnings ratio of 16.63 and a price-sales ratio of 0.21, the latter ranking higher than 82% of global competitors.

Kroger Co Stock Soars on Impressive Holiday Outlook

Over the past 50 days, The Kroger Co. stock's 5.98% off of the high and 31.34% removed from the low. The firm has a market capitalization of $20,957.14, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 2.95 and a beta of 0.82.

Kroger (NYSE:KR) last issued its earnings results on Thursday, November 30th.

Analysts are also projecting an Average Revenue Estimate for The Kroger $27.46 Million in the Current Quarter. Kroger had a return on equity of 28.04% and a net margin of 1.32%. Sales, discounting fuel, increased 3% in the third quarter versus the comparable period a year ago. The company expects full-year earnings between $1.74 and $1.79 per diluted share.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st.

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