Downside Positioning in Kroger (KR) Continues Amid Competition from Amazon (AMZN) -Susquehanna

Jim Chanos said he has been shorting the grocery industry

September 12, 2017 12:56 PM EDT

Jim Chanos said he has been shorting the grocery industry, citing thin margins:

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Pivotal Research Upgrades Kroger (KR) to Buy

September 12, 2017 4:21 AM EDT

Pivotal Research upgraded Kroger (NYSE: KR) from Hold to Buy with a price target of $25.00.

Analyst Ajay Jain sees a NT buying opportunity following the recent pullback. the analyst remains encouraged bby the better than expected top-line performance and operating expense... More

Kroger (KR) PT Lowered to $27 at Hilliard Lyons

September 11, 2017 9:37 AM EDT

Hilliard Lyons lowered its price target on Kroger (NYSE: KR) to $27.00 (from $30.00) while maintaining a Long-Term Buy rating.

... More

Kroger (KR) PT Lowered to $19 at Jefferies Following 2Q Release

September 11, 2017 7:35 AM EDT

Jefferies lowered its price target on Kroger (NYSE: KR) to $19.00 (from $24.00) while maintaining a Hold rating following the company's 2Q release. KR reported an in-line adjusted EPS of $0.39 on respectable comps, but sequentially weaker FIFO EBIT margins/ROIC.

KR maintained its 2017 EPS... More

UPDATE: Deutsche Bank Downgrades Kroger (KR) to Hold

September 11, 2017 5:38 AM EDT

(Updated - September 11, 2017 5:54 AM EDT)

(updated to add analyst comment)

Deutsche Bank downgraded Kroger (NYSE: KR) from Buy to Hold with a price target of $21.00 (from $26.00).

Analyst Shane Higgins says the company is entering an investment period as it improves... More

Kroger (KR) PT Lowered to $23 at Goldman Sachs, Sees Digital Losses + Lidl Expansion as Threat, Negatively Revises EPS Estimates

September 11, 2017 2:19 AM EDT

Goldman Sachs lowered its price target on Kroger (NYSE: KR) to $23.00 (from $26.00) while maintaining a Neutral rating.

Analyst Stephen Tanal has concerns over the company's loss-making in digital as well as pressure from Lidl expansion into key Kroger states like Ohio and... More

Target slashes prices on thousands of items, shares falter

September 8, 2017 2:05 PM EDT

By Richa Naidu and Gayathree Ganesan

(Reuters) - Target Corp (NYSE: TGT) said on Friday that it lowered prices on thousands of items, from cereal to baby formula, further hurting retail stocks already pressured by Kroger Co's (NYSE: KR) disappointing quarterly results spurred by price cuts.

Target, which vowed earlier in the year to aggressively clamp down on prices to compete with rivals Wal-Mart Stores Inc (NYSE: WMT) and Amazon.com (NASDAQ: AMZN), said... More

Kroger results hit by grocery price war, shares slide

September 8, 2017 1:08 PM EDT

By Lisa Baertlein

(Reuters) - Kroger Co (NYSE: KR) on Friday reported a quarterly profit drop after an intensifying grocery price war hit its bottom line, and warned that same-store sales and operating margins would be lower than expected for the remainder of the year.

The biggest U.S. supermarket owner with banners such as Ralphs, Harris Teeter and Food 4 Less, also said it would stop providing longer-term earnings growth forecasts due to the "dynamic operating environment." Kroger's long-term target for 8 to 11 percent earning per share growth had been a "key selling... More

Oppenheimer Downgrades Kroger (KR) to Perform

September 8, 2017 9:05 AM EDT

Oppenheimer downgraded Kroger (NYSE: KR) from Outperform to Perform with a price target of $23.00 (from $28.00).

For an analyst ratings summary and ratings history on Kroger click here. For more ratings news on Kroger click here.

Shares of Kroger closed at $22.77 yesterday.

... More

Kroger (KR) Reports In-Line Q2 EPS, Confirms FY Guidance

September 8, 2017 7:53 AM EDT

Kroger (NYSE: KR) reported Q2 EPS of $0.39, in-line with the analyst estimate of $0.39. Revenue for the quarter came in at $27.6 billion versus the consensus estimate of $27.49 billion.

Kroger confirms 2017 net earnings guidance for 53 weeks of $1.74-$1.79 per diluted share. Kroger confirms adjusted net... More

S&P 500 slips as Hurricane Irma nears Florida; tech falls

September 8, 2017 7:38 AM EDT

By Lewis Krauskopf and Caroline Valetkevitch

NEW YORK (Reuters) - The S&P 500 ended slightly lower on Friday as investors braced for potential damage from Hurricane Irma as it drove toward Florida, while a decline in big tech names like Apple and Facebook pushed the Nasdaq down more sharply.

The Dow eked out a gain, helped by a 4.0-percent rise in shares of insurer Travelers (NYSE: TRV).

Insurer shares rose broadly, with the Dow Jones U.S. Insurance Index up 2.1 percent, recouping some losses after being under pressure recently... More