In last trading session, The Kroger Co. (NYSE:KR) saw 6,353,293 shares changing hands with its beta currently measuring 0.38. Company’s recent per share price level of $32.99 trading at $0.2 or 0.67% at recent trade assigns it a market valuation of $25.94 Billion. That current price of KR’s stock is at a discount of -11.67% from its 52-week high price of $36.84 and is indicating a premium of 37.25% from its 52-week low price of $20.7. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 19.56 Million shares which gives us an average trading volume of 12.65 Million if we extend that period to 3-months.
For The Kroger Co. (KR), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.4. Splitting up the data highlights that, out of 25 analysts covering the stock, 1 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 13 suggested the stock as a Hold whereas 10 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.48 in the current quarter.
The Kroger Co. (NYSE:KR) trade information
Upright in the green today for gaining 1.07%, in the last five days KR remained trading in the green while hitting it’s week-highest on Thursday, Jun 25 when the stock touched $33.43- price level, adding 1.11% to its value on the day. The Kroger Co.’s shares saw a change of 14.04% in year-to-date performance and have moved 2.54% in past 5-day. The Kroger Co. (NYSE:KR) showed a performance of 5.39% in past 30-days. Number of shares sold short was 54.88 Million shares which calculate 4.34 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $35.75 to the stock, which implies a rise of 8.37% to its current value. Analysts have been projecting $26 as a low price target for the stock while placing it at a high target of $42. It follows that stock’s current price would jump +27.31% in reaching the projected high whereas dropping to the targeted low would mean a loss of -21.19% for stock’s current value.
The Kroger Co. (KR) estimates and forecasts
Statistics highlight that The Kroger Co. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +12.65% of value to its shares in past 6 months, showing an annual growth rate of 24.55% while that of industry is 14.1. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 9.1% in the current quarter and calculating 12.8% increase in the next quarter. This year revenue growth is estimated to rise 4.8% from the last financial year’s standing.
16 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $29.38 Billion for the same. And 15 analysts are in estimates of company making revenue of $28.49 Billion in the next quarter that will end in October 01, 2020. Company posted $28.17 Billion and $27.97 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 4.3% while estimating it to be 1.8% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 3.3% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -45.8% while estimates for its earnings growth in next 5 years are of 6.19%
The Kroger Co. is more likely to be releasing its next quarterly report between September 10 and September 14, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.95%, the share has a forward dividend of 0.64 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.72%.
The Kroger Co. (NYSE:KR)’s Major holders
Insiders are in possession of 5.89% of company’s total shares while institution are holding 84.4% percent of that, with stock having share float percentage of 89.68%. Investors also watch the number of corporate investors in a company very closely, which is 1114 institutions for The Kroger Co. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at KR for having 68.09 Million shares of worth $2.05 Billion. And as of March 30, 2020, it was holding 8.66% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 59.7 Million shares on March 30, 2020. The number of shares represents firm’s hold over 7.59% of outstanding shares, having a total worth of $1.8 Billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 23511292 shares of worth $708.16 Million or 2.99% of the total outstanding shares. The later fund manager was in possession of 15.51 Million shares on March 30, 2020, making its stake of worth around $467.11 Million in the company or a holder of 1.97% of company’s stock.