In last trading session, Kroger Co. (NYSE:KR) saw 3.62 million shares changing hands with its beta currently measuring 0.48. Company’s recent per share price level of $56.55 trading at -$0.47 or -0.82% at ring of the bell on the day assigns it a market valuation of $40.72B. That closing price of KR’s stock is at a discount of -1.04% from its 52-week high price of $57.14 and is indicating a premium of 25.55% from its 52-week low price of $42.10. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.99 million shares which gives us an average trading volume of 4.95 million if we extend that period to 3-months.
Kroger Co. (NYSE:KR) trade information
Upright in the red during last session for losing -0.82%, in the last five days KR remained trading in the green while hitting it’s week-highest on Friday, 03/22/24 when the stock touched $56.55 price level, adding 1.24% to its value on the day. Kroger Co.’s shares saw a change of 23.71% in year-to-date performance and have moved 0.87% in past 5-day. Kroger Co. (NYSE:KR) showed a performance of 18.21% in past 30-days. Number of shares sold short was 17.35 million shares which calculate 3.43 days to cover the short interests.
Kroger Co. (KR) estimates and forecasts
Statistics highlight that Kroger Co. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 23.71% of value to its shares in past 6 months, showing an annual growth rate of -6.72% while that of industry is 13.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -11.30% in the current quarter and calculating -1.00% decrease in the next quarter. This year revenue growth is estimated to fall -0.80% 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 $45.04 billion for the same. And 14 analysts are in estimates of company making revenue of $34.04 billion in the next quarter that will end on Jul 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 -4.67% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -7.00% while estimates for its earnings growth in next 5 years are of 8.00%.
KR Dividends
Kroger Co. is more likely to be releasing its next quarterly report between June 13 and June 17 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.
Kroger Co. (NYSE:KR)’s Major holders
Insiders are in possession of 7.66% of company’s total shares while institution are holding 76.64 percent of that, with stock having share float percentage of 83.00%. Investors also watch the number of corporate investors in a company very closely, which is 76.64% institutions for Kroger Co. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at KR for having 81.64 million shares of worth $4.62 billion. And as of Dec 30, 2023, it was holding 11.35% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 59.2 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 8.23% of outstanding shares, having a total worth of $3.35 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 Dec 30, 2023, the former fund manager was holding 20.36 million shares of worth $1.15 billion or 2.83% of the total outstanding shares. The later fund manager was in possession of 15.17 million shares on Dec 30, 2023, making its stake of worth around $857.83 million in the company or a holder of 2.11% of company’s stock.
