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. Most recently, Yahoo Finance reported about the stock as it publicized that Kroger Announces Fourth Quarter Conference Call with Investors.
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Stocks Info
KR belongs to the Consumer Defensive sector of the NYSE while operating in the Grocery Stores industry. The current market capitalization of Kroger Co. is $34.68B. A total of 3.42 million shares were traded on the day, compared to an average of 4.81M 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 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
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Kroger Co. pays an annual dividend of $1.13, resulting in a dividend yield of 2.34%, and it has a price to earnings (P/E) ratio of 18.76. 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.
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 $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 $1.13 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $1.18 per share and a lower estimate of $1.1. The company reported an EPS of $0.96 in the last quarter, which was 5.50% higher than expectations of $0.91.
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 $15.57, 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 3.75.
