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Tuesday, September 26, 2023

An Evaluation Of The Kroger Co. (NYSE: KR) Prospects

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 $0.47, or 1.03%, to $46.00. The The Kroger Co. has recorded 341,288 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Kroger Queen City Championship Presented by P&G Returns to Cincinnati Uplifting Women in Sports, Business and Education.

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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 $45.53 and fluctuated between $45.69 as its day high and $45.24 as its day low. The current market capitalization of The Kroger Co. is $32.97B. A total of 6.69 million shares were traded on the day, compared to an average of 4.59M 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 8 BUY and 3 SELL insider trades, representing the acquisition of 31,696 and the disposition of 4,769 shares. Over the last 12 months, there were 60 BUYs and 60 SELLs from insiders. Insiders purchased 1,132,002 shares during that period but sold 720,551.

In the most recent transaction, Massa Timothy A sold 23,000 shares of KR for 47.95 per share on Apr 21. After the transaction, the Senior Vice President now owns 194,956 company shares. In a previous transaction on Apr 20, Wheatley Christine S sold 25,000 shares at 47.49 per share. KR shares that Group Vice President owns now total 126,866.

Among the insiders who sold shares, Kimball Kenneth C disposed of 29,024 shares on Apr 06 at a per-share price of $48.39. This resulted in the Senior Vice President holding 90,732 shares of KR after the transaction. In another insider transaction, Aitken Stuart sold 25,000 shares at $49.29 per share on Mar 31. Company shares held by the Senior Vice President now total 178,328.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. The Kroger Co. pays an annual dividend of $1.16, resulting in a dividend yield of 2.55%, and it has a price to earnings (P/E) ratio of 13.09. KR’s most recent ex-dividend date was 5/12/2023 when it declared a $0.26 quarterly dividend that was paid in cash on 6/1/2023. Previously, the company paid the dividend on 3/1/2023 with an ex-dividend date of 2/14/2023. 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 $52.00 with high estimates of $65.00 and low estimates of $42.00. In terms of 52-week highs and lows, KR has a high of $52.00 and a low of $41.81.

As of this writing, KR has an earnings estimate of $0.91 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.94 per share and a lower estimate of $0.82. The company reported an EPS of $0.99 in the last quarter, which was 11.20% higher than expectations of $0.89.

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. KR’s latest balance sheet shows that the firm has $2.90B in Cash & Short Term Investments as of fiscal 2022. There were $20.44B in debt and $16.32B in liabilities at the time. Its Book Value Per Share was $15.21, while its Total Shareholder’s Equity was $9.43B.

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, 0 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 Buy with a score of 4.00.

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