Kroger Co. (KR) concluded trading on Wednesday at a closing price of $54.18, with 3.84 million shares of worth about $208.13 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.15% during that period and on July 24, 2024 the price saw a gain of about 0.63%. Currently the company’s common shares owned by public are about 720.00M shares, out of which, 716.05M shares are available for trading.
Stock saw a price change of -1.13% in past 5 days and over the past one month there was a price change of 8.32%. Year-to-date (YTD), KR shares are showing a performance of 18.53% which increased to 11.16% 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 $58.34 during that period. The average intraday trading volume for Kroger Co. shares is 5.49 million. The stock is currently trading 3.93% above its 20-day simple moving average (SMA20), while that difference is up 3.57% for SMA50 and it goes to 9.40% higher than SMA200.
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Kroger Co. (NYSE: KR) currently have 720.00M outstanding shares and institutions hold larger chunk of about 85.20% of that.
The stock has a current market capitalization of $39.11B and its 3Y-monthly beta is at 0.45. PE ratio of stock for trailing 12 months is 18.46, while it has posted earnings per share of $2.94 in the same period. Its PEG reads 2.31 and has Quick Ratio of 0.46 while making debt-to-equity ratio of 1.55. 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 1.52% while standing at 1.52% over the month.
Stock’s fiscal year EPS is expected to drop by -6.71% while it is estimated to increase by 2.48% in next year. EPS is likely to grow at an annualized rate of 8.00% for next 5-years, compared to annual growth of -4.67% 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 BMO Capital Markets on June 18, 2024 offering an Outperform rating for the stock and assigned a target price range of between $58 and $60 to it. Coverage by Wells Fargo stated Kroger Co. (KR) stock as an Overweight in their note to investors on April 16, 2024, suggesting a price target of $65 for the stock. On April 08, 2024, Exane BNP Paribas Downgrade their recommendations, while on March 28, 2024, Telsey Advisory Group Reiterated their ratings for the stock with a price target of $62. Stock get an Outperform rating from Telsey Advisory Group on March 08, 2024.
