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Wednesday, February 1, 2023

The Kroger Co. (NYSE: KR): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for The Kroger Co. (KR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.24, or 0.55%, to $44.24. The The Kroger Co. has recorded 148,446 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Kroger CEO Discusses Feeding the Human Spirit.


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Stocks Info

KR belongs to the Consumer Defensive sector of the NYSE while operating in the Grocery Stores industry. At the end of the last regular session, the stock closed at $44.00 and fluctuated between $45.44 as its day high and $43.99 as its day low. The current market capitalization of The Kroger Co. is $31.81B. A total of 4.42 million shares were traded on the day, compared to an average of 5.10M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, KR has seen 2 BUY and 4 SELL insider trades, representing the acquisition of 4,843 and the disposition of 8,440 shares. Over the last 12 months, there were 64 BUYs and 93 SELLs from insiders. Insiders purchased 1,570,140 shares during that period but sold 1,336,331.

In the most recent transaction, Adcock Mary Ellen sold 43,000 shares of KR for 44.27 per share on Dec 20. After the transaction, the Senior Vice President now owns 135,611 company shares. In a previous transaction on Dec 02, FIKE CARIN L sold 5,779 shares at 47.72 per share. KR shares that Vice President and Treasurer owns now total 5,320.

Among the insiders who sold shares, Massa Timothy A disposed of 50,283 shares on Apr 21 at a per-share price of $58.03. This resulted in the Senior Vice President holding 163,956 shares of KR after the transaction. In another insider transaction, COSSET YAEL sold 34,812 shares at $59.50 per share on Apr 07. Company shares held by the Senior Vice President and CIO now total 140,477.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. The Kroger Co. pays an annual dividend of $1.04, resulting in a dividend yield of 2.36%, and it has a price to earnings (P/E) ratio of 13.78. KR’s most recent ex-dividend date was 11/14/2022 when it declared a $0.26 quarterly dividend that was paid in cash on 12/1/2022. Previously, the company paid the dividend on 9/1/2022 with an ex-dividend date of 8/12/2022. The KR stock dividend was $0.26 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for KR in the last 3 months, the mean price target is $53.56 with high estimates of $75.00 and low estimates of $42.00. In terms of 52-week highs and lows, KR has a high of $62.78 and a low of $41.81.

As of this writing, KR has an earnings estimate of $0.81 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.99 per share and a lower estimate of $0.75. The company reported an EPS of $1.45 in the last quarter, which was 11.50% higher than expectations of $1.3.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 24 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KR is Sell with a score of 3.47. A total of 8 analysts rated the stock as Buy while 1 rated it as Overweight while 13 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.

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