Short Interest in The Kroger Increases By 34.4% (KR)
Shares of The Kroger (NYSE:KR) were the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 11,466,039 shares, a growth of 34.4% from the March 31st total of 8,533,120 shares, American Banking News.com reports. Based on an average daily volume of 4,421,581 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.4% of the company’s stock are short sold.
KR has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. initiated coverage on shares of The Kroger in a research note on Tuesday, April 22nd. They set a “market perform” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of The Kroger from $46.00 to $50.00 in a research note on Monday, April 7th. They now have a “buy” rating on the stock. Finally, analysts at UBS AG raised their EPS on shares of The Kroger in a research note on Thursday, April 3rd. They now have a “neutral” rating and a $45.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $43.28.
Shares of The Kroger (NYSE:KR) opened at 46.35 on Thursday. The Kroger has a 52-week low of $32.77 and a 52-week high of $46.75. The stock’s 50-day moving average is $44.71 and its 200-day moving average is $41.40. The company has a market cap of $23.674 billion and a price-to-earnings ratio of 16.00.
The Kroger (NYSE:KR) last released its earnings data on Thursday, March 6th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.06. The company had revenue of $23.22 billion for the quarter, compared to the consensus estimate of $23.14 billion. During the same quarter last year, the company posted $0.77 earnings per share. The Kroger’s revenue was down 3.7% compared to the same quarter last year. On average, analysts predict that The Kroger will post $3.21 earnings per share for the current fiscal year.
The Kroger Co is a retailer in the United States. The Company also manufactures and processes some of the food for sale in its supermarkets.
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