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The Kroger Co. (NYSE:KR) Could Grow By 3.90% Or More

In last trading session, The Kroger Co. (NYSE:KR) saw 22.03 million shares changing hands with its beta currently measuring 0.47. Company’s recent per share price level of $46.32 trading at $0.53 or 1.16% at ring of the bell on the day assigns it a market valuation of $32.25B. That closing price of KR’s stock is at a discount of -8.83% from its 52-week high price of $50.41 and is indicating a premium of 9.74% from its 52-week low price of $41.81. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.05 million shares which gives us an average trading volume of 4.78 million if we extend that period to 3-months.

For The Kroger Co. (KR), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 22 analysts covering the stock, 2 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 10 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.9 in the current quarter.

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The Kroger Co. (NYSE:KR) trade information

Upright in the green during last session for gaining 1.16%, in the last five days KR remained trading in the red while hitting it’s week-highest on Monday, 09/11/23 when the stock touched $46.32 price level, adding 1.3% to its value on the day. The Kroger Co.’s shares saw a change of 3.90% in year-to-date performance and have moved -1.32% in past 5-day. The Kroger Co. (NYSE:KR) showed a performance of -1.49% in past 30-days. Number of shares sold short was 19.87 million shares which calculate 4.92 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $51.59 to the stock, which implies a rise of 10.22% to its current value. Analysts have been projecting $42.00 as a low price target for the stock while placing it at a high target of $65.00. It follows that stock’s current price would drop -40.33% in reaching the projected high whereas dropping to the targeted low would mean a gain of 9.33% for stock’s current value.

The Kroger Co. (KR) estimates and forecasts

Statistics highlight that The Kroger Co. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -1.72% of value to its shares in past 6 months, showing an annual growth rate of 6.62% while that of industry is 11.50. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 2.30% in the current quarter and calculating 17.20% increase in the next quarter. This year revenue growth is estimated to rise 1.40% from the last financial year’s standing.

14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $33.91 billion for the same. And 14 analysts are in estimates of company making revenue of $37.35 billion in the next quarter that will end on Jan 2024.

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 23.40% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 40.70% while estimates for its earnings growth in next 5 years are of 8.00%.

KR Dividends

The Kroger Co. is more likely to be releasing its next quarterly report between November 29 and December 04 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.

The Kroger Co. (NYSE:KR)’s Major holders

Insiders are in possession of 0.70% of company’s total shares while institution are holding 81.68 percent of that, with stock having share float percentage of 82.25%. Investors also watch the number of corporate investors in a company very closely, which is 81.68% institutions for The Kroger Co. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at KR for having 82.41 million shares of worth $3.82 billion. And as of Jun 29, 2023, it was holding 11.48% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 59.65 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 8.31% of outstanding shares, having a total worth of $2.76 billion.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 20.1 million shares of worth $930.84 million or 2.80% of the total outstanding shares. The later fund manager was in possession of 14.97 million shares on Jun 29, 2023, making its stake of worth around $693.26 million in the company or a holder of 2.09% of company’s stock.

On Key

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