Kroger (KR) Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kroger in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" KR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KR, but not buy additional shares or sell existing shares.
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16 equities research analysts have issued 1 year target prices for Kroger's shares. Their KR share price forecasts range from $42.00 to $65.00. On average, they expect the company's stock price to reach $52.31 in the next twelve months. This suggests a possible upside of 15.9% from the stock's current price.
View analysts price targets for KR or view top-rated stocks among Wall Street analysts.

Kroger's stock was trading at $44.58 at the beginning of the year. Since then, KR stock has increased by 1.3% and is now trading at $45.15.
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Kroger saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 19,870,000 shares, a drop of 15.5% from the August 15th total of 23,520,000 shares. Based on an average trading volume of 4,790,000 shares, the days-to-cover ratio is currently 4.1 days. Approximately 2.8% of the company's shares are sold short.
View Kroger's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
View our KR earnings forecast.

The Kroger Co. (NYSE:KR) posted its quarterly earnings results on Friday, September, 8th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.91 by $0.05. The firm earned $33.85 billion during the quarter, compared to the consensus estimate of $34.12 billion. Kroger had a net margin of 1.10% and a trailing twelve-month return on equity of 30.61%. Kroger's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 EPS.
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Kroger announced a quarterly dividend on Thursday, September 14th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.29 per share on Friday, December 1st. This represents a $1.16 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Tuesday, November 14th.
Read our dividend analysis for KR.

ETFs with the largest weight of Kroger (NYSE:KR) stock in their portfolio include Invesco Food & Beverage ETF (PBJ), WBI BullBear Value 3000 ETF (WBIF), TrueShares Low Volatility Equity Income ETF (DIVZ), First Trust Consumer Staples AlphaDEX Fund (FXG), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Clockwise Capital Innovation ETF (TIME) and Emerge EMPWR Sustainable Global Core Equity ETF (EMZA).

Kroger (NYSE:KR) pays an annual dividend of $1.16 per share and currently has a dividend yield of 2.54%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 51.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KR will have a dividend payout ratio of 26.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KR.

Kroger shares split on the morning of Tuesday, July 14th 2015. The 2-1 split was announced on Thursday, June 25th 2015. The newly created shares were distributed to shareholders after the closing bell on Monday, July 13th 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Kroger declared that its board has authorized a stock repurchase plan on Thursday, December 30th 2021, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

Kroger updated its FY 2023 earnings guidance on Friday, September, 8th. The company provided earnings per share (EPS) guidance of $4.45-$4.60 for the period, compared to the consensus earnings per share estimate of $4.51. The company issued revenue guidance of -.

3,238 employees have rated Kroger Chief Executive Officer Rodney McMullen on Glassdoor.com. Rodney McMullen has an approval rating of 46% among the company's employees. This puts Rodney McMullen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Kroger investors own include Intel (INTC), Advanced Micro Devices (AMD), Walt Disney (DIS), NVIDIA (NVDA), Cisco Systems (CSCO), AT&T (T), Micron Technology (MU), JPMorgan Chase & Co. (JPM), Johnson & Johnson (JNJ) and General Electric (GE).

Kroger trades on the New York Stock Exchange (NYSE) under the ticker symbol "KR."

Kroger's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State Street Corp (4.74%), Capital World Investors (1.95%), Geode Capital Management LLC (1.94%), Dimensional Fund Advisors LP (1.66%), LSV Asset Management (1.39%) and Renaissance Technologies LLC (1.17%). Insiders that own company stock include Calvin J Kaufman, Carin L Fike, Carin L Fike, Christine S Wheatley, Clyde R Moore, Gary Millerchip, Kenneth C Kimball, Marc Benioff, Mark C Tuffin, Mary Ellen Adcock, Robert W Clark, Ronald Sargent, Stuart Aitken, Susan J Kropf, Timothy A Massa, Todd A Foley, Valerie L Jabbar and Yael Cosset.
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Shares of KR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KR stock can currently be purchased for approximately $45.15.

Kroger (NYSE:KR) has a market capitalization of $32.48 billion and generates $148.26 billion in revenue each year. The company earns $2.24 billion in net income (profit) each year or $2.24 on an earnings per share basis.

The company employs 430,000 workers across the globe.

Kroger's mailing address is 1014 VINE STREET, CINCINNATI OH, 45202. The official website for the company is www.thekrogerco.com. The company can be reached via phone at (513) 762-4000, via email at kroger.ir@kroger.com, or via fax at 513-762-1575.