It’s Not Over Yet For Kroger Co. (NYSE: KR)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Application Period Now Open for the 2024 Game Changers Scholarship presented by The Kroger Foundation and Always® Brand.

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Stocks Info

Kroger Co. is listed on the NYSE as a member of the Consumer Defensive sector and is a part of the Grocery Stores industry. At the end of the last regular session, the stock closed at $47.64 and fluctuated between $47.74 as its day high and $46.83 as its day low. The current market capitalization of Kroger Co. is $34.27B. A total of 5.55 million shares were traded on the day, compared to an average of 4.94M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, KR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 58 BUYs and 59 SELLs from insiders. Insiders purchased 1,117,137 shares during that period but sold 702,279.

In the most recent transaction, FIKE CARIN L sold 4,798 shares of KR for 45.52 per share on Sep 22. After the transaction, the Vice President and Treasurer now owns 4,156 company shares. In a previous transaction on Sep 15, FIKE CARIN L sold 6,000 shares at 46.50 per share. KR shares that Vice President and Treasurer owns now total 44,090.

Among the insiders who sold shares, Massa Timothy A disposed of 23,000 shares on Sep 12 at a per-share price of $45.46. This resulted in the Senior Vice President holding 194,956 shares of KR after the transaction. In another insider transaction, Massa Timothy A sold 23,000 shares at $47.95 per share on Apr 21. Company shares held by the Senior Vice President now total 194,956.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Kroger Co. pays an annual dividend of $1.13, resulting in a dividend yield of 2.37%, and it has a price to earnings (P/E) ratio of 18.53. KR’s most recent ex-dividend date was 2/14/2024 when it declared a $0.29 quarterly dividend that was paid in cash on 3/1/2024. Previously, the company paid the dividend on 12/1/2023 with an ex-dividend date of 11/14/2023. The KR stock dividend was $0.29 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for KR in the last 3 months, the mean price target is $50.13 with high estimates of $65.00 and low estimates of $34.00. In terms of 52-week highs and lows, KR has a high of $50.36 and a low of $42.10.

As of this writing, KR has an earnings estimate of $Euro/Norwegian Krone Futures,Ma per share for the current quarter. EPS was calculated based on a consensus of KRW/USD estimates, with a high estimate of $KRW/XDR per share and a lower estimate of $KRW/THB.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $15.57, while its Total Shareholder’s Equity was $9.43B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 3.75.

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