Kroger Co. [NYSE: KR] slipped around -1.94 points on Monday, while shares priced at $55.37 at the close of the session, down -3.39%. The company report on April 4, 2024 at 2:00 PM that MCoBeauty, Coveted Australian Beauty Brand, Expands to the U.S. Market Available Exclusively at Kroger.
Luxe for less, cruelty-free makeup and skincare brand launches at Kroger.
The Kroger Co. (NYSE: KR) today announced MCoBeauty, Australia’s fastest-growing beauty brand, is making its United States debut exclusively at Kroger Family of Stores, launching more than 250 beauty and skincare products available in stores now.
Compared to the average trading volume of 5.05M shares, KR reached a trading volume of 7028349 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Kroger Co. [KR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KR shares is $58.02 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KR stock is a recommendation set at 2.56. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Exane BNP Paribas have made an estimate for Kroger Co. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on Apr-09-24. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $60 to $62. The new note on the price target was released on March 28, 2024, representing the official price target for Kroger Co. stock. Previously, the target price had yet another raise from $55 to $60, while Telsey Advisory Group kept a Outperform rating on KR stock. On February 27, 2024, analysts increased their price target for KR shares from 42 to 50.
The Average True Range (ATR) for Kroger Co. is set at 0.96, with the Price to Sales ratio for KR stock in the period of the last 12 months amounting to 0.27. The Price to Book ratio for the last quarter was 3.43, with the Price to Cash per share for the same quarter was set at 4.29. Price to Free Cash Flow for KR in the course of the last twelve months was 13.45 with Quick ratio for the last quarter at 0.36.
How has KR stock performed recently?
Kroger Co. [KR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.84. With this latest performance, KR shares dropped by -0.20% in over the last four-week period, additionally plugging by 25.41% over the last 6 months – not to mention a rise of 15.21% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KR stock in for the last two-week period is set at 53.14, with the RSI for the last a single of trading hit 42.11, and the three-weeks RSI is set at 58.45 for Kroger Co. [KR]. The present Moving Average for the last 50 days of trading for this stock 51.24, while it was recorded at 57.14 for the last single week of trading, and 47.17 for the last 200 days.
Kroger Co. [KR]: Deeper insight into the fundamentals
Kroger Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.36 and a Current Ratio set at 0.81.
Earnings analysis for Kroger Co. [KR]
With the latest financial reports released by the company, Kroger Co. posted 1.51/share EPS, while the average EPS was predicted by analysts to be reported at 1.46/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Kroger Co. go to 8.00%.
Insider trade positions for Kroger Co. [KR]
The top three institutional holders of KR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in KR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in KR stock with ownership which is approximately 5.8386%.
