In the last trading session, 12,831,115 shares of the The Kroger Co. (NYSE:KR) were traded, and its beta was 0.36. Most recently the company’s share price was $36.89, and it changed around $0.16 or 0% from the last close, which brings the market valuation of the company to $27.74 Billion. KR currently trades at a discount to its 52-week high of $42.99, offering almost -16.54% off that amount. The share price’s 52-week low was $30.01, which indicates that the current value has risen by an impressive 18.65% since then. We note from The Kroger Co.’s average daily trading volume that its 10-day average is 12.75 Million shares, with the 3-month average coming to 11.68 Million.
The Kroger Co. stock received a consensus recommendation rating of Hold, based on a mean score of 2.7. If we narrow it down even further, the data shows that 3 out of 26 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 17 recommended KR as a Hold, whereas 4 deemed it a Buy, and 1 rated it as Underweight. The Kroger Co. is expected to report earnings per share of $1 for the current quarter.
The Kroger Co. (NYSE:KR): Trading Information
Instantly KR has showed a green trend with a performance of 0.44% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $38.31 on Tuesday, Mar 30 increased the stock’s daily price by 3.71%. The company’s shares are currently up 0.16% year-to-date, but still down -0.0279 over the last five days. On the other hand, The Kroger Co. (NYSE:KR) is 0.07% up in the 30-day period. We can see from the shorts that 61.11 Million shares have been sold at a short interest cover period of 5.23 day (s).
The consensus price target as assigned by Wall Street analysts is $35.63, which translates to bears needing to reduce their stock price by -3.42% from its current value. Analyst projections state that KR is forecast to be at a low of $28 and a high of $42. In order for the stock price to hit the forecast high, the stock would need to surge +13.85% from its current level, while the stock would need to crash -24.1% from its current level to reach the projected low.
The Kroger Co. (KR) projections and forecasts
The Kroger Co. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +8.28 percent over the past six months and at a -18.44% annual growth rate that is well below the industry average of -12.6%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -18% in revenue this quarter, and will report a decline of -24.7% in the next quarter. The year-over-year growth rate is expected to be -1.9%, down from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of $39.5 Billion in revenue for the current quarter. 14 analysts expect The Kroger Co. to make $29.75 Billion in revenue for the quarter ending July 01, 2021. The company’s sales for the same quarter a year ago was $40.72 Billion. Analysts predict that the company’s current quarter sales will drop, forecast at -3%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 9.7%. The Kroger Co. earnings are expected to increase by 60.6% in 2021, but the outlook is positive 7.6% per year for the next five years.
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KR Dividend Yield
The Kroger Co.’s next quarterly earnings report is expected to be released around June 16 – June 21, 2021. The annual dividend yield of the stock is 1.95 percent and its annual dividend per share was $0.72. It is important to note, however, that the 1.95% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.88% per year.
The Kroger Co. (NYSE:KR)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.72% of The Kroger Co. shares, and 91.09% of them are in the hands of institutional investors. The stock currently has a share float of 91.74%. The Kroger Co. stock is held by 1273 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 9.61% of the shares, which is about 72.23 Million shares worth $2.29 Billion.
Vanguard Group, Inc. (The), with 9.59% or 72.09 Million shares worth $2.29 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 20769936 shares worth $659.65 Million, making up 2.76% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 14.52 Million shares worth around $461.03 Million, which represents about 1.93% of the total shares outstanding.