Kroger Co. [KR] stock is trading at $50.49, up 2.04%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The KR shares have gain 4.04% over the last week, with a monthly amount glided 9.78%, and seem to be holding up well over a long-time horizon.
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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.
Kroger Co. [KR] stock has fluctuated 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 $50.49 at the most recent close of the market. An investor can expect a potential return of 5.19% based on the average KR price forecast.
Analyzing the KR fundamentals
Kroger Co. [NYSE:KR] reported sales of 147.80B for the trailing twelve months, which represents 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.77.
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 49.73 points at the first support level, and at 48.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.95, and for the 2nd resistance point, it is at 51.41.
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
For context, Kroger Co.’s Current Ratio is 0.80. As well, the Quick Ratio is 0.33, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 3.24 and price to earnings (TTM) ratio is 19.64.
Transactions by insiders
Recent insider trading involved FIKE CARIN L, Vice President and Treasurer, that happened on Sep 22 ’23 when 4798.0 shares were sold. Vice President and Treasurer, FIKE CARIN L completed a deal on Sep 15 ’23 to sell 6000.0 shares. Meanwhile, Senior Vice President Massa Timothy A sold 23000.0 shares on Sep 12 ’23.
