The closing price of Kroger Co. (NYSE: KR) was $55.31 for the day, up 0.58% from the previous closing price of $54.99. In other words, the price has increased by $+0.32 from its previous closing price. On the day, 5802038 shares were traded.
Ratios:
Our analysis of KR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.30. For the most recent quarter (mrq), Quick Ratio is recorded 0.36 and its Current Ratio is at 0.81. In the meantime, Its Debt-to-Equity ratio is 1.66 whereas as Long-Term Debt/Eq ratio is at 1.58.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Telsey Advisory Group on March 08, 2024, Reiterated its Outperform rating but revised its target price to $60 from $55 previously.
On February 27, 2024, Wells Fargo Upgraded its rating to Equal Weight which previously was Underweight and also upped its target price recommendation from $42 to $50.
On September 22, 2023, HSBC Securities started tracking the stock assigning a Hold rating and target price of $52.HSBC Securities initiated its Hold rating on September 22, 2023, with a $52 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 22 ’23 when FIKE CARIN L sold 4,798 shares for $45.52 per share. The transaction valued at 218,417 led to the insider holds 4,156 shares of the business.
FIKE CARIN L sold 6,000 shares of KR for $279,004 on Sep 15 ’23. The Vice President and Treasurer now owns 44,090 shares after completing the transaction at $46.50 per share. On Sep 12 ’23, another insider, Massa Timothy A, who serves as the Senior Vice President of the company, sold 23,000 shares for $45.46 each. As a result, the insider received 1,045,511 and left with 194,956 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KR now has a Market Capitalization of 39.82B and an Enterprise Value of 55.95B. As of this moment, Kroger’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.67, and their Forward P/E ratio for the next fiscal year is 12.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 3.43. Its current Enterprise Value per Revenue stands at 0.37 whereas that against EBITDA is 7.96.
Stock Price History:
Over the past 52 weeks, KR has reached a high of $56.08, while it has fallen to a 52-week low of $42.10. The 50-Day Moving Average of the stock is 47.46, while the 200-Day Moving Average is calculated to be 46.23.
Shares Statistics:
KR traded an average of 5.16M shares per day over the past three months and 7.87M shares per day over the past ten days. A total of 720.00M shares are outstanding, with a floating share count of 713.99M. Insiders hold about 0.75% of the company’s shares, while institutions hold 83.08% stake in the company. Shares short for KR as of Feb 29, 2024 were 17.35M with a Short Ratio of 3.36, compared to 17.27M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.41% and a Short% of Float of 2.74%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.13, KR has a forward annual dividend rate of 1.13. Against a Trailing Annual Dividend Yield of 2.05%, it implies a Forward Annual Dividend Yield of 2.10%. The stock’s 5-year Average Dividend Yield is 2.05. The current Payout Ratio is 38.18% for KR, which recently paid a dividend on Mar 01, 2024 with an ex-dividend date of Feb 14, 2024. Stock splits for the company last occurred on Jul 14, 2015 when the company split stock in a 2:1 ratio.
Earnings Estimates
The firm’s stock currently is rated by 16 analysts. On average, analysts expect EPS of $1.36 for the current quarter, with a high estimate of $1.48 and a low estimate of $1.29, while EPS last year was $1.51. The consensus estimate for the next quarter is $0.95, with high estimates of $0.98 and low estimates of $0.89.
Analysts are recommending an EPS of between $4.72 and $4.14 for the fiscal current year, implying an average EPS of $4.41. EPS for the following year is $4.52, with 19 analysts recommending between $4.8 and $3.77.
Revenue Estimates
A total of 22 analysts have provided revenue estimates for KR’s current fiscal year. The highest revenue estimate was $155.31B, while the lowest revenue estimate was $145.89B, resulting in an average revenue estimate of $149.03B. In the same quarter a year ago, actual revenue was $150.04B, down -0.70% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $151.51B in the next fiscal year. The high estimate is $153.4B and the low estimate is $148.09B. The average revenue growth estimate for next year is up 1.70% from the average revenue estimate for this year.
