Kroger Co. (KR) concluded trading on Wednesday at a closing price of $50.49, with 7.72 million shares of worth about $389.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.15% during that period and on Wednesday the price saw a gain of about 2.04%. Currently the company’s common shares owned by public are about 716.00M shares, out of which, 713.99M shares are available for trading.
Stock saw a price change of 4.04% in past 5 days and over the past one month there was a price change of 9.78%. Year-to-date (YTD), KR shares are showing a performance of 10.46% which increased to 8.63% 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 4.72 million. The stock is currently trading 6.78% above its 20-day simple moving average (SMA20), while that difference is up 8.52% for SMA50 and it goes to 9.50% higher than SMA200.
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Kroger Co. (NYSE: KR) currently have 716.00M outstanding shares and institutions hold larger chunk of about 83.06% of that.
The stock has a current market capitalization of $36.32B and its 3Y-monthly beta is at 0.47. PE ratio of stock for trailing 12 months is 19.64, while it has posted earnings per share of $2.57 in the same period. Its PEG reads 2.46 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 2.14% while standing at 1.84% 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 $1.5 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 $1.2 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 7.76% while it is estimated to decrease by -5.58% 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 Wells Fargo on February 27, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $42 and $50 to it. Coverage by HSBC Securities stated Kroger Co. (KR) stock as a Hold in their note to investors on September 22, 2023, suggesting a price target of $52 for the stock. On March 20, 2023, Northcoast Upgrade their recommendations, while on March 03, 2023, JP Morgan Upgrade their ratings for the stock with a price target of $54. Stock get an Equal-weight rating from Morgan Stanley on January 17, 2023.
