Kroger Co. (KR) concluded trading on Thursady at a closing price of $47.84, with 4.77 million shares of worth about $228.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.77% during that period and on Thursady the price saw a gain of about 0.06%. Currently the company’s common shares owned by public are about 716.00M shares, out of which, 713.95M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 117 times over the past 12 months. They bought 1,117,137 shares in 58 of the transactions. In 59 selling transactions, insiders dumped 702,279 shares.
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Stock saw a price change of 4.71% in past 5 days and over the past one month there was a price change of 3.44%. Year-to-date (YTD), KR shares are showing a performance of 4.66% which increased to 7.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $42.10 but also hit the highest price of $50.36 during that period. The average intraday trading volume for Kroger Co. shares is 4.83 million. The stock is currently trading 3.45% above its 20-day simple moving average (SMA20), while that difference is up 4.43% for SMA50 and it goes to 3.70% higher than SMA200.
Kroger Co. (NYSE: KR) currently have 716.00M outstanding shares and institutions hold larger chunk of about 83.07% of that.
The stock has a current market capitalization of $34.42B and its 3Y-monthly beta is at 0.45. PE ratio of stock for trailing 12 months is 18.61, while it has posted earnings per share of $2.57 in the same period. Its PEG reads 2.33 and has Quick Ratio of 0.33 while making debt-to-equity ratio of 1.77. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KR, volatility over the week remained 1.87% while standing at 1.59% over the month.
Analysts are in expectations that Kroger Co. (KR) stock would likely to be making an EPS of $1.13 in the current quarter, while forecast for next quarter EPS is $1.51 and it is $4.34 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.1 which is $1.18 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.99 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 7.69% while it is estimated to decrease by -5.75% in next year. EPS is likely to grow at an annualized rate of 8.00% for next 5-years, compared to annual growth of 7.92% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on September 22, 2023 offering a Hold rating for the stock and assigned a target price of $52 to it. Coverage by Northcoast stated Kroger Co. (KR) stock as a Buy in their note to investors on March 20, 2023, suggesting a price target of $60 for the stock. On March 03, 2023, JP Morgan Upgrade their recommendations, while on January 17, 2023, Morgan Stanley Upgrade their ratings for the stock with a price target of $46. Stock get an Outperform rating from Bernstein on December 06, 2022.
