Kroger Co. (NYSE:KR) shares, rose in value, with the stock price down by -0.55% to the previous day’s close as strong demand from buyers drove the stock to $57.44.
Actively observing the price movement in the last trading, the stock closed the session at $57.76. The value of beta (5-year monthly) was 0.48 whereas the PE ratio was 19.41 over 12-month period. Referring to stock’s 52-week performance, its high was $58.34, and the low was $42.10. On the whole, KR has fluctuated by 16.09% over the past month.
With the market capitalization of Kroger Co. currently standing at about $41.45 billion, investors are eagerly awaiting this quarter’s results, scheduled for Jun 13, 2024 – Jun 17, 2024. The company’s Forward Dividend Ratio is 1.13, with its dividend yield at 1.97%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.34, which is expected to increase to $0.98 for fiscal year $4.43 and then to about $4.57 by fiscal year 2026. Data indicates that the EPS growth is expected to be -6.90% in 2026, while the next year’s EPS growth is forecast to be 3.20%.
Analysts have estimated the company’s revenue for the quarter at $45.04 billion, with a low estimate of $44.56 billion and a high estimate of $45.62 billion. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $148.75 billion, representing a decrease of -0.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that KR’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.43, with the price of KR currently trading nearly 2.40% and 13.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 71.31, while the 7-day volatility ratio is showing 1.23% which for the 30-day chart, stands at 1.78%. Furthermore, Kroger Co. (KR)’s beta value is 0.48, and its average true range (ATR) is 0.89.
A comparison of Kroger Co. (KR) with its peers suggests the former has fared considerably weaker in the market. KR showed an intraday change of -0.55% in last session, and over the past year, it grew by 15.02%%.
Data on historical trading for Kroger Co. (NYSE:KR) indicates that the trading volumes over the past 10 days have averaged 4.43 million and over the past 3 months, they’ve averaged 5.04 million. According to company’s latest data on outstanding shares, there are 720.00 million shares outstanding.
Nearly 0.81% of Kroger Co.’s shares belong to company insiders and institutional investors own 82.72% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.37 million shares as on Mar 15, 2024, resulting in a short ratio of 2.05. According to the data, the short interest in Kroger Co. (KR) stood at 1.86% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 22.0 million. The stock has risen by 25.66% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KR stock heading into the next quarter.
