A share price of Kroger Co. [KR] is currently trading at $57.82, up 1.46%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The KR shares have gain 3.32% over the last week, with a monthly amount glided 17.62%, 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 March 28, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $62 from $60. Previously, Telsey Advisory Group reaffirmed its Outperform rating on March 08, 2024, and elevated its price target to $60. On February 27, 2024, upgrade upgraded it’s rating to Equal Weight and revised its price target to $50 on the stock. HSBC Securities started tracking the stock assigning a Hold rating and suggested a price target of $52 on September 22, 2023. Northcoast upgraded its rating to a Buy but $60 remained the price target by the analyst firm on March 20, 2023. JP Morgan upgraded its rating to Overweight for this stock on March 03, 2023, but kept the price target unchanged to $54. In a note dated January 17, 2023, Morgan Stanley upgraded an Equal-Weight rating on this stock and boosted its target price from $44 to $46.
Kroger Co. experienced fluctuations in its stock price throughout the past year between $42.10 and $57.40. Currently, Wall Street analysts expect the stock to reach $53.11 within the next 12 months. Kroger Co. [NYSE: KR] shares were valued at $57.82 at the most recent close of the market. An investor can expect a potential drop of -8.15% 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 0.2 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.11.
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 57.34 points at the first support level, and at 56.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.07, and for the 2nd resistance point, it is at 58.31.
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. Also, the Quick Ratio is 0.36, while the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 0.28, the price to book ratio is 3.59 and price to earnings (TTM) ratio is 19.51.
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.
