As of Thursday close, The Kroger Co.’s (NYSE:KR) stock was down -$0.28, moving down -0.60 percent to $46.74. The average number of shares traded per day over the past five days has been 4,785,720 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.34 fall in that time frame. In the last twenty days, the average volume was 3,976,245, while in the previous 50 days, it was 4,720,808.
Since last month, KR stock retreated -0.51%. Shares of the company fell to $46.08 on 07/18/23, the lowest level in the past month. A 52-week high of $52.00 was reached on 05/22/23 after having rallying from a 52-week low of $41.81. Since the beginning of this year, KR’s stock price has risen by 4.85% or $2.16, and marked a new high 19 times. However, the stock has declined by -10.12% since its 52-week high.
KR stock investors should be aware that The Kroger Co. (KR) stock had its last reported insider trading activity 119 days ago on Apr 21. Massa Timothy A, the Senior Vice President of the company, disposed of 23,000 shares for $47.95 on Apr 21. It resulted in a $1,102,873 divestment by the insider. Wheatley Christine S sold 25,000 shares at an average price of $47.49 on Apr 20. The insider now owns 126,866 shares following the transaction. On Apr 06, Senior Vice President Kimball Kenneth C sold 29,024 shares at $48.39 apiece. The transaction was valued at $1,404,471.
Valuation Metrics
Right now, The Kroger Co. (KR) has a P/E ratio of about 13.43. The stock’s beta is 0.48. Besides these, the trailing price-to-sales (P/S) ratio of 0.23, the price-to-book (PB) ratio of 3.07, and the price-to-cash flow ratio of 11.61 may also be considered.
The latest dividend of $0.26 per share was paid out, remained unchanged from last year’s $0.26. On Thursday June 23 2022, a $0.05 dividend increase was announced.
Financial Health
In the recent quarter, The Kroger Co.’s quick ratio stood at 0.40, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.11, and the total debt-to-equity ratio was 1.23. On the profitability front, the trailing twelve-month gross margin is 21.60% percent. In the recent year, EBITDA margin amounted to 5.47%, whereas operating margins totaled 2.70%. Based on annual data, KR earned $31.78 billion in gross profit and brought in $148.26 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.80%. Return on equity (ROE) for the past 12 months was 24.90%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. KR’s revenue rose 1.25% to $34.82 billion during the quarter, while net income inched up to $45.16 billion. During the quarter, the company generated $2.62 billion in EBITDA. The liabilities of The Kroger Co. were 39.31 billion at the end of its most recent quarter, and its total debt was $20.53 billion. The value of shareholders’ equity is $717.75 million.
Technical Picture
This quick technical analysis looks at The Kroger Co.’s (KR) price momentum. With a historical volatility rate of 12.70%, the RSI 9-day stood at 27.39% on 17 August.
With respect to its five-day moving average, the current The Kroger Co. price is down by -4.77% percent or -$2.34. At present, KR shares trade -2.34% below its 20-day simple moving average and -4.71% percent below its 100-day simple moving average. However, the stock is currently trading approximately +1.45% above its SMA50 and -0.06% below its SMA200.
Stochastic coefficient K was 5.78% and Stochastic coefficient D was 15.20%, while ATR was 0.83. Given the Stochastic reading of 5.49% for the 14-day period, the RSI (14) reading has been calculated as 36.76%. As of today, the MACD Oscillator reading stands at -1.23, while the 14-day reading stands at -1.42.
Analyst Ratings
Northcoast upgraded its rating on The Kroger Co. (NYSE: KR) to a Buy in a note to investors on March 20, 2023. The analysts firm previously had a Neutral rating on the stock.The Kroger Co. (KR) has been rated Overweight by analysts. According to 1 brokerage firm, KR is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate The Kroger Co. stock as buy, with 9 recommending it as overweight.
With a median target price of $52.00, the current consensus forecast for the stock is $42.00 – $65.00. Based on these forecasts, analysts predict The Kroger Co. (KR) will achieve an average price target of $51.82.
