Envestnet Portfolio Solutions Inc. Sells 10,717 Shares of The Kroger Co. $KR

Envestnet Portfolio Solutions Inc. cut its holdings in The Kroger Co. (NYSE:KR) by 46.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,580 shares of the company’s stock after selling 10,717 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Kroger were worth $848,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC grew its position in shares of Kroger by 27.3% in the fourth quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock valued at $962,000 after purchasing an additional 3,373 shares in the last quarter. Woodline Partners LP grew its holdings in Kroger by 40.7% during the 1st quarter. Woodline Partners LP now owns 56,243 shares of the company’s stock valued at $3,807,000 after buying an additional 16,270 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Kroger during the second quarter valued at about $201,000. GC Wealth Management RIA LLC purchased a new stake in shares of Kroger in the second quarter worth about $461,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of Kroger by 15.1% in the second quarter. Janney Montgomery Scott LLC now owns 159,309 shares of the company’s stock valued at $11,427,000 after acquiring an additional 20,912 shares during the period. Institutional investors own 80.93% of the company’s stock.

Kroger Price Performance

Shares of Kroger stock opened at $61.77 on Thursday. The business’s 50-day moving average price is $63.24 and its 200-day moving average price is $66.56. The firm has a market capitalization of $39.09 billion, a PE ratio of 57.20, a price-to-earnings-growth ratio of 1.74 and a beta of 0.61. The Kroger Co. has a 12 month low of $58.60 and a 12 month high of $74.90. The company has a current ratio of 0.88, a quick ratio of 0.45 and a debt-to-equity ratio of 2.28.

Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, December 4th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $33.86 billion for the quarter, compared to analysts’ expectations of $34.27 billion. Kroger had a net margin of 0.54% and a return on equity of 38.06%. During the same period last year, the business earned $0.98 earnings per share. The business’s quarterly revenue was up .7% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. Sell-side analysts forecast that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Kroger from $73.00 to $71.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Citigroup reaffirmed a “neutral” rating and issued a $68.00 price target (down previously from $74.00) on shares of Kroger in a report on Wednesday, December 10th. Wells Fargo & Company reissued an “overweight” rating and set a $70.00 price objective (down previously from $78.00) on shares of Kroger in a research note on Thursday, December 4th. Telsey Advisory Group restated an “outperform” rating and issued a $80.00 target price (down from $82.00) on shares of Kroger in a research note on Monday, December 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kroger in a research report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.80.

Kroger Company Profile

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.