State of Wisconsin Investment Board Buys 21785 Shares of Kroger Co (KR)

State of Wisconsin Investment Board Buys 21785 Shares of Kroger Co (KR)

The company is expected to issue its next quarterly earnings report before the market opens on Thursday, March 8th.

"You should expect gross margin to decline somewhat in 2018", Chief Financial Officer Michael Schlotman said on a conference call with analysts. For the next fiscal year, analysts anticipate that the firm will post sales of $123.48 billion per share, with estimates ranging from $121.50 billion to $125.84 billion.

Aristotle Capital Management LLC increased its position in shares of Kroger Co (NYSE:KR) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. Bronson Point Management Ltd Company invested 1.93% of its portfolio in The Kroger Co. The business had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. Total sales, excluding fuel and the 53rd week, increased 2.7% in the fourth quarter over the same period of past year. The business's revenue for the quarter was up 4.5% on a year-over-year basis.

A number of large investors have recently modified their holdings of KR. (NYSE:KR) earned "Buy" rating by Deutsche Bank on Friday, December 4. Loop Capital set a $28.00 price target on shares of Kroger and gave the stock a "hold" rating in a research report on Wednesday. As per Monday, December 14, the company rating was maintained by Argus Research.

Among 17 analysts covering MetLife (NYSE:MET), 9 have Buy rating, 1 Sell and 7 Hold. Stephens set a $29.00 price objective on Kroger and gave the stock a "hold" rating in a research note on Tuesday, January 16th.

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Analyst's ratings determines the future of any company. The stock has "Hold" rating by BMO Capital Markets on Friday, March 2. Bridgewater Assoc LP holds 0.28% in The Kroger Co. Kroger has a 52 week low of $19.69 and a 52 week high of $31.45. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85. The company has a market capitalization of $23,120.00, a PE ratio of 13.69, a P/E/G ratio of 4.44 and a beta of 1.04. Investors of record on Thursday, February 15th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Wednesday, February 14th. Kroger's dividend payout ratio (DPR) is now 29.76%. Clark Robert W had sold 11,000 shares worth $325,292 on Monday, January 22. Following the sale, the insider now directly owns 251,784 shares in the company, valued at approximately $7,714,661.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. HJELM CHRISTOPHER T also sold $245,120 worth of The Kroger Co. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. The company had a trading volume of 6,666,924 shares, compared to its average volume of 9,740,174. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,330 shares of company stock valued at $3,094,228.

The Tax Cuts and Jobs Act has enabled the company to accelerate investments in Restock Kroger, which is a way of fighting back against the likes of Amazon and Walmart through a digital channel. Sanders Capital LLC purchased a new position in shares of Kroger in the fourth quarter valued at $293,538,000. Eqis Capital Management Inc. now owns 12,883 shares of the company's stock valued at $258,000 after buying an additional 3,906 shares during the period.

Net earnings for the fourth quarter totaled $854 million, or $0.96 per diluted share. Toronto Dominion Bank now owns 347,530 shares of the company's stock valued at $6,971,000 after purchasing an additional 31,561 shares during the last quarter. Nationwide Fund Advisors raised its holdings in Kroger by 64.5% during the third quarter. Rockshelter Capital Management Llc sold 24,625 shares as the company's stock declined 14.09% while stock markets rallied.

Kroger's shares had gained about 16 percent in the past six months before dropping 12.7 percent to $22.91 in midday trading. The institutional investor owned 468,637 shares of the company's stock after selling 664,348 shares during the period.

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