Let’s look at the key reasons that are pushing Kroger Co (KR) to new highs

On Friday, Kroger Co (NYSE: KR) opened higher 1.43% from the last session, before settling in for the closing price of $55.77. Price fluctuations for KR have ranged from $42.10 to $58.34 over the past 52 weeks.

Consumer Defensive Sector giant saw their annual sales surged by 4.41% over the last five years. Company’s average yearly earnings per share was noted -6.60% at the time writing. With a float of $717.68 million, this company’s outstanding shares have now reached $720.00 million.

The firm has a total of 414000 workers. Let’s measure their productivity. In terms of profitability, gross margin is 21.3%, operating margin of 3.06%, and the pretax margin is 2.39%.

Kroger Co (KR) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Grocery Stores industry is another important factor to consider. The insider ownership of Kroger Co is 0.80%, while institutional ownership is 81.46%. The most recent insider transaction that took place on Oct 07 ’24, was worth 386,248. In this transaction Vice President & Controller of this company sold 6,922 shares at a rate of $55.80, taking the stock ownership to the 14,063 shares. Before that another transaction happened on Sep 23 ’24, when Company’s Senior Vice President sold 3,000 for $55.91, making the entire transaction worth $167,730. This insider now owns 74,084 shares in total.

Kroger Co (KR) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -6.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.00% during the next five years compared to -4.67% drop over the previous five years of trading.

Kroger Co (NYSE: KR) Trading Performance Indicators

Check out the current performance indicators for Kroger Co (KR). In the past quarter, the stock posted a quick ratio of 0.46. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.28. Likewise, its price to free cash flow for the trailing twelve months is 24.29.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.82, a number that is poised to hit 0.97 in the next quarter and is forecasted to reach 4.58 in one year’s time.

Technical Analysis of Kroger Co (KR)

Analysing the last 5-days average volume posted by the [Kroger Co, KR], we can find that recorded value of 3.09 million was lower than the volume posted last year of 4.75 million. As of the previous 9 days, the stock’s Stochastic %D was 15.92%. Additionally, its Average True Range was 0.99.

During the past 100 days, Kroger Co’s (KR) raw stochastic average was set at 81.49%, which indicates a significant increase from 44.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.89% in the past 14 days, which was lower than the 21.47% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $55.20, while its 200-day Moving Average is $53.13. Now, the first resistance to watch is $56.83. This is followed by the second major resistance level at $57.10. The third major resistance level sits at $57.51. If the price goes on to break the first support level at $56.15, it is likely to go to the next support level at $55.74. Now, if the price goes above the second support level, the third support stands at $55.47.

Kroger Co (NYSE: KR) Key Stats

There are currently 723,486K shares outstanding in the company with a market cap of 41.51 billion. Presently, the company’s annual sales total 150,039 M according to its annual income of 2,164 M. Last quarter, the company’s sales amounted to 33,912 M and its income totaled 466,000 K.