BOS Asset Management LLC Sells 375 Shares of The Kroger Co. $KR

BOS Asset Management LLC lowered its holdings in The Kroger Co. (NYSE:KR) by 4.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 8,425 shares of the company’s stock after selling 375 shares during the period. BOS Asset Management LLC’s holdings in Kroger were worth $604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of KR. Brighton Jones LLC grew its stake in shares of Kroger by 27.3% in the fourth quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock worth $962,000 after acquiring an additional 3,373 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Kroger by 2.0% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,259 shares of the company’s stock valued at $750,000 after purchasing an additional 240 shares during the period. Wood Tarver Financial Group LLC acquired a new stake in Kroger in the 4th quarter worth $62,000. NorthCrest Asset Manangement LLC increased its holdings in shares of Kroger by 2.0% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 22,521 shares of the company’s stock worth $1,377,000 after purchasing an additional 432 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Kroger by 76.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 282,941 shares of the company’s stock valued at $17,302,000 after buying an additional 122,680 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Clyde R. Moore sold 3,810 shares of Kroger stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $71.61, for a total value of $272,834.10. Following the completion of the transaction, the director owned 85,850 shares in the company, valued at approximately $6,147,718.50. The trade was a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

KR has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price on Kroger from $57.00 to $67.00 and gave the stock a “hold” rating in a research report on Monday, June 23rd. Roth Mkm raised Kroger from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $75.00 in a report on Wednesday, September 17th. Jefferies Financial Group set a $83.00 target price on Kroger and gave the company a “buy” rating in a research note on Monday, June 23rd. Telsey Advisory Group reiterated an “outperform” rating and set a $82.00 price target on shares of Kroger in a research note on Thursday, September 11th. Finally, Wall Street Zen lowered shares of Kroger from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 21st. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Kroger currently has a consensus rating of “Hold” and an average price target of $73.63.

Kroger Stock Performance

Shares of NYSE:KR opened at $65.51 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.95 and a quick ratio of 0.54. The business’s fifty day moving average price is $69.44 and its two-hundred day moving average price is $68.96. The Kroger Co. has a fifty-two week low of $54.88 and a fifty-two week high of $74.90. The stock has a market capitalization of $43.41 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 1.91 and a beta of 0.59.

Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, September 11th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The company had revenue of $33.94 billion during the quarter, compared to analysts’ expectations of $34.08 billion. During the same period last year, the business earned $0.93 earnings per share. The business’s revenue was up .1% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. As a group, analysts predict that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Kroger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, November 14th. Kroger’s dividend payout ratio is currently 35.53%.

About Kroger

The Kroger Co operates as a food and drug 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.