FREE Breaking News Alerts from StreetInsider.com!
E-mail Address
Top NewsMost Read Highlighted
March 8, 2013 7:00 AM EST Tweet
Get AlertsKR Hot Sheet
Rating Summary:
7 Buy, 6 Hold, 0 Sell
Rating Trend: Up
Today’s Overall Ratings:
BMO Capital analyst Karen Short raised her price target on Kroger (NYSE: KR) from $25 to $32 after another sizable beat but maintained a Market Perform rating. Short noted comp (+3%) was in line, but FIFO gross margins and OG&A were better than expected, leading to the beat.
The analyst said there was a lot to like in the quarter, including: visibility on true, core EPS
ex. one-times and on all metrics; above consensus guidance and solid OG&A expense control, among others. That said, Short was less impressed with market share gains in FY12 as well as lack of commentary on growth of loyal household share.
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 $30.25 yesterday, with a 52 week range of $20.98-$30.62.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items – JOIN NOW