Kroger Co. (NYSE: KR) has seen a rise in its stock price by 1.14 in relation to its previous close of 56.52. However, the company has experienced a 1.82% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-30 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Is It Worth Investing in Kroger Co. (NYSE: KR) Right Now?
The price-to-earnings ratio for Kroger Co. (NYSE: KR) is 14.96x, which is above its average ratio. Moreover, the 36-month beta value for KR is 0.46. 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 717.67M and currently, short sellers hold a 1.74% of that float. On September 30, 2024, KR’s average trading volume was 4.42M shares.
KR’s Market Performance
KR stock saw an increase of 1.82% in the past week, with a monthly gain of 8.88% and a quarterly increase of 13.06%. The volatility ratio for the week is 1.94%, and the volatility levels for the last 30 days are 2.22% for Kroger Co. (KR). The simple moving average for the last 20 days is 4.92% for KR stock, with a simple moving average of 10.40% 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 6.05% 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 -2.02% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares surge +7.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.81% upper at present.
During the last 5 trading sessions, KR rose by +1.76%, which changed the moving average for the period of 200-days by +29.11% in comparison to the 20-day moving average, which settled at $54.68. In addition, Kroger Co. saw 25.06% 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 Jabbar Valerie L., who sale 3,000 shares at the price of $55.91 back on Sep 23 ’24. After this action, Jabbar Valerie L. now owns 74,084 shares of Kroger Co., valued at $167,730 using the latest closing price.
FIKE CARIN L, the Vice President and Treasurer of Kroger Co., sale 3,010 shares at $55.57 during a trade that took place back on Sep 17 ’24, which means that FIKE CARIN L is holding 47,593 shares at $167,269 based on the most recent closing price.
Stock Fundamentals for KR
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.21 for the gross margin
The net margin for Kroger Co. stands at 0.02. The total capital return value is set at 0.13. Equity return is now at value 23.97, with 5.46 for asset returns.
Based on Kroger Co. (KR), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.43. The debt to equity ratio resting at 1.55. The interest coverage ratio of the stock is 11.46.
Currently, EBITDA for the company is 8.73 billion with net debt to EBITDA at 2.01. When we switch over and look at the enterprise to sales, we see a ratio of 0.39. The receivables turnover for the company is 69.89for trailing twelve months and the total asset turnover is 2.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.87.
Conclusion
To wrap up, the performance of Kroger Co. (KR) has been better 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.
