The stock of The Kroger Co. (NYSE:KR) decreased by -$0.14 on Tuesday to finish at $46.49, down -0.30 percent. The last five days have seen an average of 3,613,240 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $1.91. The average number of shares traded over the last 20 days was 4,114,850, while the average volume over the last 50 days totaled 4,118,688.
KR stock dropped -4.42% since last month. On 08/25/23, the company’s shares reached a one-month low of $46.10. The stock touched a high of $52.00 on 05/22/23, after rallying from a low of $41.81 in 52 weeks. The price of KR stock has risen by 4.28% or $1.91 this year, reaching a new high 19 times. Still, the stock price is down -10.60% from the 52-week high.
Insider Transactions
KR stock investors should be aware that The Kroger Co. (KR) stock had its last reported insider trading activity 131 days ago on Apr 21. On Apr 21, Senior Vice President Massa Timothy A sold 23,000 shares at $47.95 each. This transaction resulted in the insider making $1,102,873. On Apr 20, Wheatley Christine S sold 25,000 shares at a price of US$47.49. After the transaction, the insider now owns 126,866 shares. Senior Vice President Kimball Kenneth C had earlier sold 29,024 shares on Apr 06 for $48.39 a share. The transaction was completed for $1,404,471.
Valuation Metrics
The Kroger Co. (KR) has a trailing price-to-earnings (P/E) ratio of 13.36. Beta for the stock is 0.48. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.22, the price-to-book (PB) ratio of 3.06, and the price-to-cash flow ratio of 11.51.
Company paid $0.26 per share in dividends, remained unchanged from $0.26 last year. A $0.05 dividend increase was reported on Thursday June 23 2022.
Financial Health
For the three months ended April 29, The Kroger Co.’s quick ratio was 0.40, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 1.11, and the total debt to equity ratio is 1.23. As far as profitability goes, gross margin for the trailing twelve months is 21.60% percent. The Kroger Co.’s EBITDA margin for the year ended April 29 was 5.47%, whereas its operating margin stood at 2.70% for the same period. Based on annual data, it had gross profit of $31.78 billion and revenue of $148.26 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KR’s return on assets (ROA) during the last 12 months has been 5.10%. There was a 14.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 24.90%.
Earnings Surprise
According to The Kroger Co.’s quarterly financial report for the quarter that ended April 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $45.16 billion, while revenues rose by 1.25% to $34.82 billion. It was predicted that The Kroger Co.’s quarterly earnings would be $1.51, but it ended up being $1.46, beating the consensus by 3.40%. EBITDA was $2.62 billion for the quarter. At the end of The Kroger Co.’s most recent quarter ended April 29, its liabilities totaled 39.31 billion, while its total debt was $20.53 billion. Equity owned by shareholders amounts to $717.75 million.
Technical Picture
Here’s a quick look at The Kroger Co.’s (KR) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 32.24%, suggesting the stock is Neutral, with a 11.98% historical volatility rate.
The stochastic %K and %D were 11.99% and 9.91% respectively, while the average true range (ATR) was 0.74. Based on the 14-day stochastic reading of 10.36%, the RSI (14) reading is 37.85%. On the 9-day MACD Oscillator, the stock is at -0.31, and the 14-day reading is at -0.83.
Analyst Ratings
In its most recent analyst report, Northcoast raised its rating on The Kroger Co. (NYSE: KR) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned The Kroger Co. (KR) an Overweight rating. KR is a stock that is recommended for selling by 2 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 8 others recommend it as a buy.
What is KR’s price target for the next 12 months?
The current consensus forecast for the stock is between $42.00 and $65.00, with a median target price of $52.00. In analyzing these forecasts, the average price target given by analysts for The Kroger Co. (KR) is $51.88.
