Stocks of Kroger Co. (NYSE:KR) traded higher last session on Wall Street, up 0.02% to $53.37.
KR stock price is now 0.88% away from the 50-day moving average and 4.91% away from the 200-day moving average. The market capitalization of the company currently stands at $38.52B.
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With the price target enhanced from $58 to $60, BMO Capital Markets Upgraded its rating from Market Perform to Outperform for Kroger Co. (NYSE: KR). On April 16, 2024, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $58 to quote $65, while ‘Exane BNP Paribas’ rates the stock as ‘Underperform’
In other news, Nichols Brian W, Vice President & Controller sold 2,000 shares of the company’s stock on Jul 19 ’24. The stock was sold for $109,060 at an average price of $54.53. Upon completion of the transaction, the Vice President & Controller now directly owns 18,063 shares in the company, valued at $0.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 26 ’24, Senior VP & Interim CFO Foley Todd A sold 6,616 shares of the business’s stock. A total of $368,467 was realized by selling the stock at an average price of $55.69. This leaves the insider owning 46,958 shares of the company worth $2.51 million. A total of 0.81% of the company’s stock is owned by insiders.
During the past 12 months, Kroger Co. has had a low of $42.10 and a high of $58.34. As of last week, the company has a debt-to-equity ratio of 1.55, a current ratio of 0.86, and a quick ratio of 0.46. According to the stock market information, the enterprise value for the company is $58764759040, which is based on a 18.18 price-to-earnings ratio, a 2.27 price-to-earnings-growth ratio, and a beta of 0.46. The fifty day moving average price for KR is $52.9046 and a two-hundred day moving average price translates $50.87255 for the stock.
The latest earnings results from Kroger Co. (NYSE: KR) was released for 2021-05-22. The net profit margin was 1.42% and return on equity was 18.28% for KR. The company reported revenue of $45.27 billion for the quarter, compared to $45.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.23 percent.
