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The Kroger Co. (NYSE: KR): Performance Review And Forecast

In the last trading session, 4.98 million shares of the The Kroger Co. (NYSE:KR) were traded, and its beta was 0.47. Most recently the company’s share price was $49.10, and it changed around -$0.88 or -1.76% from the last close, which brings the market valuation of the company to $35.02B. KR currently trades at a discount to its 52-week high of $53.47, offering almost -8.9% off that amount. The share price’s 52-week low was $41.81, which indicates that the current value has risen by an impressive 14.85% since then. We note from The Kroger Co.’s average daily trading volume that its 10-day average is 4.56 million shares, with the 3-month average coming to 5.62 million.

The Kroger Co. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.40. If we narrow it down even further, the data shows that 2 out of 23 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 11 recommended KR as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. The Kroger Co. is expected to report earnings per share of $1.44 for the current quarter.

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The Kroger Co. (NYSE:KR) trade information

Instantly KR has showed a red trend with a performance of -1.76% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 50.36 on Tuesday, 05/23/23 increased the stock’s daily price by 2.5%. The company’s shares are currently up 10.14% year-to-date, but still up 0.35% over the last five days. On the other hand, The Kroger Co. (NYSE:KR) is 1.78% up in the 30-day period. We can see from the shorts that 15.27 million shares have been sold at a short interest cover period of 3.18 day(s).

The consensus price target as assigned by Wall Street analysts is $52.23, which translates to bulls needing to increase their stock price by 5.99% from its current value. Analyst projections state that KR is forecast to be at a low of $36.00 and a high of $75.00. In order for the stock price to hit the forecast high, the stock would need to plunge -52.75% from its current level, while the stock would need to crash 26.68% from its current level to reach the projected low.

The Kroger Co. (KR) estimates and forecasts

The Kroger Co. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 1.74 percent over the past six months and at a 6.62% annual growth rate that is well above the industry average of 6.60%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will loss -0.70% in revenue this quarter, and will report an increase of 2.20% in the next quarter. The year-over-year growth rate is expected to be 1.60%, up from the previous year.

Consensus estimates provided by 14 financial analysts predict the company will bring in an average of $45.17 billion in revenue for the current quarter. 14 analysts expect The Kroger Co. to make $34.36 billion in revenue for the quarter ending Jul 2023. The company’s sales for the same quarters a year ago were $44.6 billion and $34.64 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1.30%. Forecasts for the next quarter put sales growth at -0.80%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 23.40%. The Kroger Co. earnings are expected to increase by 40.70% in 2023, but the outlook is positive 8.00% per year for the next five years.

KR Dividends

The Kroger Co.’s next quarterly earnings report is expected to be released around June 14 and June 19. The annual dividend yield of the stock is 2.12 percent and its annual dividend per share was 1.04. It is important to note, however, that the 2.12% 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 Kroger Co. (NYSE:KR)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.67% of The Kroger Co. shares, and 80.98% of them are in the hands of institutional investors. The stock currently has a share float of 81.53%. The Kroger Co. stock is held by 1,457 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2023, it held 11.52% of the shares, which is about 82.68 million shares worth $4.08 billion.

Blackrock Inc., with 8.83% or 63.39 million shares worth $3.13 billion as of Mar 30, 2023, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Dec 30, 2022. The former held 19.59 million shares worth $873.18 million, making up 2.73% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 15.0 million shares worth around $668.56 million, which represents about 2.09% of the total shares outstanding.

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