A share price of Kroger Co. [KR] is currently trading at $55.97, up 0.88%. An important factor to consider is whether the stock is rising or falling in short-term value. The KR shares have gain 13.85% over the last week, with a monthly amount glided 25.44%, and seem to be holding up well over a long-time horizon.
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On 7, March 2024, Kroger Reports Fourth Quarter and Full-Year 2023 Results, Announces Guidance for 2024. In a post published today on Yahoo Finance, Fourth Quarter Highlights.
From an analyst’s perspective:
Kroger Co. [NYSE: KR] stock has seen the most recent analyst activity on March 08, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $60 from $55. Previously, Wells Fargo upgraded its rating to Equal Weight on February 27, 2024, and elevated its price target to $50. On September 22, 2023, HSBC Securities initiated with a Hold rating and assigned a price target of $52 on the stock. Northcoast upgraded its rating to a Buy but stick to its price target of $60 on March 20, 2023. JP Morgan upgraded its rating to a Overweight but $54 remained the price target by the analyst firm on March 03, 2023. Morgan Stanley upgraded its rating to Equal-Weight for this stock on January 17, 2023, and upped its price target to $46. In a note dated December 06, 2022, Bernstein initiated an Outperform rating and provided a target price of $58 on this stock.
Kroger Co. experienced fluctuations in its stock price throughout the past year between $42.10 and $55.53. Currently, Wall Street analysts expect the stock to reach $53.11 within the next 12 months. Kroger Co. [NYSE: KR] shares were valued at $55.97 at the most recent close of the market. An investor can expect a potential drop of -5.11% based on the average KR price forecast.
Analyzing the KR fundamentals
Trailing Twelve Months sales for Kroger Co. [NYSE:KR] were 150.04B which represents 6.44% growth. 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 0.17 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 1.66.
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 55.17 points at the first support level, and at 54.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.40, and for the 2nd resistance point, it is at 56.84.
Kroger Co. [KR] reported earnings per share of $1.34 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.13/share, meaning a difference of $0.21 and a surprise factor of 18.60%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.95 per share as compared to estimates of $0.91 per share, a difference of $0.04 representing a surprise of 4.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Kroger Co. [NYSE:KR] is 0.81. On the other hand, the Quick Ratio is 0.36, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.27, the price to book ratio is 3.47 and price to earnings (TTM) ratio is 18.89.
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.
