Kroger Co. (NYSE: KR)’s stock price has decreased by -1.26 compared to its previous closing price of 53.92. However, the company has seen a -1.22% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-08-12 that Get your kitchen back-to-school ready CINCINNATI, Aug. 12, 2024 /PRNewswire/ — The Kroger Co. (NYSE: KR) today shared how customers can stock their fall pantries for less featuring Smart Way™ favorites under $3 from the retailer’s Our Brands opening price point product line. “Customers love Smart Way™ because of the exceptional value, reliable quality and growing assortment of staple products it provides,” said Juan De Paoli, Vice President, Our Brands for Kroger.
Is It Worth Investing in Kroger Co. (NYSE: KR) Right Now?
The price-to-earnings ratio for Kroger Co. (NYSE: KR) is 18.14x, which is above its average ratio. Moreover, the 36-month beta value for KR is 0.47. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 6 as “overweight,” 14 as “hold,” and 1 as “sell.”
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The public float for KR is 716.05M and currently, short sellers hold a 1.87% of that float. On August 13, 2024, KR’s average trading volume was 5.36M shares.
KR’s Market Performance
The stock of Kroger Co. (KR) has seen a -1.22% decrease in the past week, with a 1.43% rise in the past month, and a -4.76% fall in the past quarter. The volatility ratio for the week is 1.54%, and the volatility levels for the past 30 days are at 1.88% for KR. The simple moving average for the last 20 days is -1.71% for KR stock, with a simple moving average of 6.11% for the last 200 days.
Analysts’ Opinion of KR
Many brokerage firms have already submitted their reports for KR stocks, with BMO Capital Markets repeating the rating for KR by listing it as a “Outperform.” The predicted price for KR in the upcoming period, according to BMO Capital Markets is $60 based on the research report published on June 18, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see KR reach a price target of $65, previously predicting the price at $58. The rating they have provided for KR stocks is “Overweight” according to the report published on April 16th, 2024.
Exane BNP Paribas gave a rating of “Underperform” to KR, setting the target price at $48 in the report published on April 08th of the current year.
KR Trading at 1.65% from the 50-Day Moving Average
After a stumble in the market that brought KR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.74% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 1.54%, as shares surge +2.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.42% upper at present.
During the last 5 trading sessions, KR fell by -1.22%, which changed the moving average for the period of 200-days by +22.08% in comparison to the 20-day moving average, which settled at $54.22. In addition, Kroger Co. saw 16.47% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KR starting from Nichols Brian W, who sale 2,000 shares at the price of $54.53 back on Jul 19 ’24. After this action, Nichols Brian W now owns 18,063 shares of Kroger Co., valued at $109,060 using the latest closing price.
Foley Todd A, the Senior VP & Interim CFO of Kroger Co., sale 6,616 shares at $55.69 during a trade that took place back on Apr 26 ’24, which means that Foley Todd A is holding 46,958 shares at $368,467 based on the most recent closing price.
Stock Fundamentals for KR
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.21 for the gross margin
The net margin for Kroger Co. stands at 0.01. The total capital return value is set at 0.09. Equity return is now at value 18.28, with 4.19 for asset returns.
Based on Kroger Co. (KR), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is 8.06.
Currently, EBITDA for the company is 8.73 billion with net debt to EBITDA at 2.32. When we switch over and look at the enterprise to sales, we see a ratio of 0.37. The receivables turnover for the company is 76.29for trailing twelve months and the total asset turnover is 2.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.
Conclusion
To wrap up, the performance of Kroger Co. (KR) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
