The Kroger Co. (NYSE:KR) shares, rose in value on Thursday, May 25, with the stock price down by -0.10% to the previous day’s close as strong demand from buyers drove the stock to $49.51.
Actively observing the price movement in the recent trading, the stock is buoying the session at $49.56, falling within a range of $49.20 and $50.085. The value of beta (5-year monthly) is 0.46 whereas the PE ratio is 16.21 over 12-month period. Referring to stock’s 52-week performance, its high was $53.47, and the low was $41.81. On the whole, KR has fluctuated by 3.64% over the past month.
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With the market capitalization of The Kroger Co. currently standing at about $35.34 billion, investors are eagerly awaiting this quarter’s results, scheduled for Jun 14, 2023 – Jun 19, 2023. The company’s Forward Dividend Ratio is 1.04, with its dividend yield at 2.10%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.44, which is expected to increase to $0.98 for fiscal year $4.49 and then to about $4.52 by fiscal year 2025. Data indicates that the EPS growth is expected to be 6.10% in 2025, while the next year’s EPS growth is forecast to be 0.70%.
Analysts have estimated the company’s revenue for the quarter at $45.17 billion, with a low estimate of $44.62 billion and a high estimate of $46.16 billion. According to the average forecast, sales growth in current quarter could jump up 1.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $150.62 billion, representing an increase of 1.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that KR’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.03, with the price of KR currently trading nearly 0.86% and 2.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.24, while the 7-day volatility ratio is showing 1.49% which for the 30-day chart, stands at 1.49%. Furthermore, The Kroger Co. (KR)’s beta value is 0.47, and its average true range (ATR) is 0.73.
A comparison of The Kroger Co. (KR) with its peers suggests the former has fared considerably weaker in the market. KR showed an intraday change of 0.00% in today’s session so far, and over the past year, it shrunk by -3.79%%. In comparison, Amazon.com Inc. (AMZN) has moved lower at -1.65% today and is up 10.30% over the past 12 months. On the other hand, the price of Walmart Inc. (WMT) has fallen -1.30% today. The stock, however, is off 17.39% from where it was a year ago. Additionally, there is a gain of 0.31% for Costco Wholesale Corporation (COST) in recent trading while the stock has seen an overall depriciation of 10.63%% over the past year. The PE ratio stands at 16.21 for The Kroger Co., compared to 283.37 for Amazon.com Inc., and 34.55 for Walmart Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.64%. Meanwhile, the Dow Jones Industrial Slipped by -0.38%.
Data on historical trading for The Kroger Co. (NYSE:KR) indicates that the trading volumes over the past 10 days have averaged 4.63 million and over the past 3 months, they’ve averaged 5.64 million. According to company’s latest data on outstanding shares, there are 715.00 million shares outstanding.
Nearly 0.70% of The Kroger Co.’s shares belong to company insiders and institutional investors own 81.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.54 million shares as on May 14, 2023, resulting in a short ratio of 4.44. According to the data, the short interest in The Kroger Co. (KR) stood at 2.58% of shares outstanding as of May 14, 2023; the number of short shares registered in Apr 13, 2023 reached 15.13 million. The stock has risen by 11.17% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KR stock heading into the next quarter.