The Kroger Co. (NYSE:KR) has a beta value of 0.50 and has seen 0.69 million shares traded in the recent trading session. The company, currently valued at $31.36B, closed the recent trade at $44.55 per share which meant it gained $0.29 on the day or 0.65% during that session. The KR stock price is -40.92% off its 52-week high price of $62.78 and 6.15% above the 52-week low of $41.81. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.77 million shares traded. The 3-month trading volume is 4.91 million shares.
The consensus among analysts is that The Kroger Co. (KR) is an Overweight stock at the moment, with a recommendation rating of 2.50. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 12 out of 23 have rated it as a Hold, with 8 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.81.
The Kroger Co. (NYSE:KR) trade information
Sporting 0.65% in the green today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the KR stock price touched $44.55 or saw a rise of 1.96%. Year-to-date, The Kroger Co. shares have moved -0.72%, while the 5-day performance has seen it change -4.16%. Over the past 30 days, the shares of The Kroger Co. (NYSE:KR) have changed -0.45%. Short interest in the company has seen 17.09 million shares shorted with days to cover at 2.27.
Wall Street analysts have a consensus price target for the stock at $53.56, which means that the shares’ value could jump 16.82% from the levels at last check today. The projected low price target is $42.00 while the price target rests at a high of $75.00. In that case, then, we find that the latest price level in today’s session is -68.35% off the targeted high while a plunge would see the stock lose 5.72% from the levels at last check today.
The Kroger Co. (KR) estimates and forecasts
Figures show that The Kroger Co. shares have outperformed across the wider relevant industry. The company’s shares have lost -3.17% over the past 6 months, with this year growth rate of 12.23%, compared to -3.40% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 3.80% and -2.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 7.50%.
16 analysts offering their estimates for the company have set an average revenue estimate of $34.01 billion for the current quarter. 16 have an estimated revenue figure of $35 billion for the next quarter concluding in Jan 2023.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 1.20% over the past 5 years. Earnings growth for 2023 is a modest -33.60% while over the next 5 years, the company’s earnings are expected to increase by 11.65%.
The Kroger Co. is expected to release its next earnings report between November 30 and December 05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.04 at a share yield of 2.35%. The company’s dividend yield has gone up over the past 12 months.
The Kroger Co. (NYSE:KR)’s Major holders
Insiders own 0.66% of the company shares, while shares held by institutions stand at 81.03% with a share float percentage of 81.56%. Investors are also buoyed by the number of investors in a company, with The Kroger Co. having a total of 1,448 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 80.83 million shares worth more than $3.83 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 11.29% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 65.63 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $3.11 billion and represent 9.17% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.67% shares in the company for having 19.11 million shares of worth $904.38 million while later fund manager owns 14.94 million shares of worth $706.92 million as of Jun 29, 2022, which makes it owner of about 2.09% of company’s outstanding stock.