Now Is A Suitable Moment For A Long-Term Purchase Of Kroger Co. (NYSE: KR)

Currently, there are 720.00M common shares owned by the public and among those 714.19M shares have been available to trade.

However, the script later moved the day high at 56.08, up 0.77%. The company’s stock has a 5-day price change of -0.16% and 24.92% over the past three months. KR shares are trading 23.36% year to date (YTD), with the 12-month market performance up to 14.96% higher. It has a 12-month low price of $42.10 and touched a high of $57.26 over the same period. KR has an average intraday trading volume of 4.96 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.06%, 14.39%, and 20.78% respectively.

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Institutional ownership of Kroger Co. (NYSE: KR) shares accounts for 83.01% of the company’s 720.00M shares outstanding.

It has a market capitalization of $40.60B and a beta (3y monthly) value of 0.48. The stock’s trailing 12-month PE ratio is 19.03, while the earnings-per-share (ttm) stands at $2.96. The company has a PEG of 2.38 and a Quick Ratio of 0.36 with the debt-to-equity ratio at 1.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.30% over the week and 2.00% over the month.

Earnings per share for the fiscal year are expected to decrease by -7.03%, and 2.97% over the next financial year. EPS should grow at an annualized rate of 8.00% over the next five years, compared to -4.67% over the past 5-year period.

Looking at the support for the KR, a number of firms have released research notes about the stock. Telsey Advisory Group stated their Outperform rating for the stock in a research note on March 08, 2024, with the firm’s price target at $55-$60. Wells Fargo coverage for the Kroger Co. (KR) stock in a research note released on February 27, 2024 offered a Equal Weight rating with a price target of $50. HSBC Securities was of a view on September 22, 2023 that the stock is Hold, while Northcoast gave the stock Buy rating on March 20, 2023, issuing a price target of $60. JP Morgan on their part issued Overweight rating on March 03, 2023.

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