Hussman Strategic Advisors Inc. Purchases Shares of 21,000 The Kroger Co. $KR

Hussman Strategic Advisors Inc. acquired a new position in shares of The Kroger Co. (NYSE:KR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 21,000 shares of the company’s stock, valued at approximately $1,416,000.

Other institutional investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. raised its position in Kroger by 6,840.0% in the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock worth $25,000 after purchasing an additional 342 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Kroger in the 2nd quarter valued at approximately $28,000. Rossby Financial LCC bought a new stake in shares of Kroger in the 2nd quarter valued at approximately $29,000. Whipplewood Advisors LLC raised its holdings in shares of Kroger by 10,425.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock worth $30,000 after buying an additional 417 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC lifted its position in shares of Kroger by 87.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 445 shares of the company’s stock worth $32,000 after buying an additional 208 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Kroger Stock Performance

Shares of NYSE:KR opened at $61.77 on Thursday. The business has a fifty day moving average of $63.24 and a 200-day moving average of $66.56. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.45 and a current ratio of 0.88. The Kroger Co. has a twelve month low of $58.60 and a twelve month high of $74.90. The firm has a market cap of $39.09 billion, a PE ratio of 57.20, a price-to-earnings-growth ratio of 1.74 and a beta of 0.61.

Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, December 4th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The firm had revenue of $33.86 billion for the quarter, compared to analyst estimates of $34.27 billion. Kroger had a net margin of 0.54% and a return on equity of 38.06%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 EPS. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. On average, equities research analysts predict that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KR has been the topic of a number of analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $80.00 price target (down from $82.00) on shares of Kroger in a research report on Monday, December 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Kroger from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Thursday, January 8th. JPMorgan Chase & Co. lowered their target price on shares of Kroger from $73.00 to $71.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Citigroup reissued a “neutral” rating and set a $68.00 price target (down from $74.00) on shares of Kroger in a report on Wednesday, December 10th. Finally, Morgan Stanley set a $67.00 price target on shares of Kroger and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Kroger currently has an average rating of “Moderate Buy” and a consensus price target of $73.80.

About Kroger

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.