In a report released today, Edward Kelly from Wells Fargo maintained a Buy rating on Kroger Company (KR). The company’s shares closed last Thursday at $32.12.
According to TipRanks.com, Kelly is a 4-star analyst with an average return of 4.5% and a 65.0% success rate. Kelly covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Sprouts Farmers, and Dollar General.
Kroger Company has an analyst consensus of Moderate Buy, with a price target consensus of $34.72.
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Based on Kroger Company’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $28.89 billion and net profit of $327 million. In comparison, last year the company earned revenue of $28.29 billion and had a net profit of $259 million.
Based on the recent corporate insider activity of 129 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KR in relation to earlier this year. Most recently, in March 2020, Bobby Shackouls, a Director at KR sold 7,800 shares for a total of $263,250.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
The Kroger Co. engages in the operation of retail food and drug stores, multi-department stores, jewellery stores, and convenience stores. It also manufactures and processes some of the food for sale in its supermarkets. The combination food and drug Stores are the primary food store format. The multi department stores sells a wide selection of general merchandise items such as apparel, home fashion and furnishings, electronics, automotive products, toys and fine jewellery. The marketplace stores offer full-service grocery and pharmacy departments as well as an expanded general merchandise area that includes outdoor living products, electronics, home goods and toys. The price impact warehouse stores offer a ‘no-frills, low cost’ warehouse format and feature everyday low prices plus promotions for a wide selection of grocery and health and beauty care items. The company was founded by Barney Kroger in 1883 and is headquartered in Cincinnati, OH.