The EVP of Kroger Company (NYSE: KR) is Selling Shares

By Carrie Williams

Today, the EVP of Kroger Company (NYSE: KR), Christopher Hjelm, sold shares of KR for $364.2K.

In addition to Christopher Hjelm, 2 other KR executives reported Sell trades in the last month. Following Christopher Hjelm’s last KR Sell transaction on March 13, 2017, the stock climbed by 1.3%.

Based on Kroger Company’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $27.61 billion and quarterly net profit of $501 million. In comparison, last year the company earned revenue of $26.17 billion and had a net profit of $555 million. The company has a one year high of $37.97 and a one year low of $28.29. KR’s market cap is $27.69B and the company has a P/E ratio of 14.68.

Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $33.86, reflecting a -11.5% downside. Four different firms, including Goldman Sachs and Macquarie, currently also have a Sell rating on the stock.

The insider sentiment on Kroger Company has been negative according to 123 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Christopher Hjelm’s trades have generated a -26.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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The Kroger Co. engages in the operation of retail food and drug stores, multi-department stores, jewelry 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 are significantly larger in size than combo stores. In addition to the departments offered at a typical combo store, multi-department stores sell a wide selection of general merchandise items such as apparel, home fashion and furnishings, electronics, automotive products, toys and fine jewelry. The Marketplace Stores are smaller in size than multi-department stores. It offers 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.