Kroger Co. [KR] stock prices are up 2.23% to $49.61 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The KR shares have gain 3.70% over the last week, with a monthly amount glided 6.35%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, Kroger Issues Statement on FTC Decision to Block Proposed Merger with Albertsons Companies. In a post published today on Yahoo Finance, The Kroger Co. (NYSE: KR) today issued the following statement:.
From an analyst’s perspective:
Kroger Co. [NYSE: KR] stock has seen the most recent analyst activity on February 27, 2024, when Wells Fargo upgraded its rating to a Equal Weight and also boosted its price target to $50 from $42. Previously, HSBC Securities started tracking the stock with Hold rating on September 22, 2023, and set its price target to $52. On March 20, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $60 on the stock. JP Morgan upgraded its rating to a Overweight but stick to its price target of $54 on March 03, 2023. Morgan Stanley upgraded its rating to a Equal-Weight and raised its price target to $46 on January 17, 2023. Bernstein started tracking with a Outperform rating for this stock on December 06, 2022, and assigned it a price target of $58. In a note dated November 09, 2022, Evercore ISI upgraded an Outperform rating on this stock and boosted its target price from $49 to $56.
The stock price of Kroger Co. [KR] has been fluctuating between $42.10 and $50.36 over the past year. Currently, Wall Street analysts expect the stock to reach $53.11 within the next 12 months. Kroger Co. [NYSE: KR] shares were valued at $49.61 at the most recent close of the market. An investor can expect a potential return of 7.06% based on the average KR price forecast.
Analyzing the KR fundamentals
The Kroger Co. [NYSE:KR] reported sales of 147.80B for trailing twelve months, representing a drop of -0.70%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.18 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.77.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 48.62 points at the first support level, and at 47.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.19, and for the 2nd resistance point, it is at 50.78.
Kroger Co. [KR] reported earnings per share of $0.95 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.91/share, meaning a difference of $0.04 and a surprise factor of 4.40%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.96 per share as compared to estimates of $0.91 per share, a difference of $0.05 representing a surprise of 5.50%.
Ratios To Look Out For
It’s worth pointing out that Kroger Co. [NYSE:KR]’s Current Ratio is 0.80. Further, the Quick Ratio stands at 0.33, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 0.24, the price to book ratio is 3.19 and price to earnings (TTM) ratio is 19.30.
Transactions by insiders
Recent insider trading involved FIKE CARIN L, Vice President and Treasurer, that happened on Sep 22 when 4798.0 shares were sold. Vice President and Treasurer, FIKE CARIN L completed a deal on Sep 15 to sell 6000.0 shares. Meanwhile, Senior Vice President Massa Timothy A sold 23000.0 shares on Sep 12.
