The Kroger Sees Significant Growth in Short Interest (KR)
The Kroger (NYSE:KR) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 13,652,127 shares, an increase of 19.1% from the April 15th total of 11,466,039 shares, American Banking News reports. Approximately 2.9% of the company’s shares are sold short. Based on an average daily trading volume, of 3,220,008 shares, the days-to-cover ratio is currently 4.2 days.
Several analysts have recently commented on the stock. Analysts at Ned Davis Research upgraded shares of The Kroger from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $43.18.
The Kroger (NYSE:KR) opened at 46.99 on Thursday. The Kroger has a one year low of $32.77 and a one year high of $47.12. The stock’s 50-day moving average is $45.54 and its 200-day moving average is $41.67. The company has a market cap of $24.001 billion and a price-to-earnings ratio of 16.05.
The Kroger (NYSE:KR) last released its earnings data on Thursday, March 6th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, analysts predict that The Kroger will post $3.22 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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