Kroger Company (The) (KR): Price Target and June Short Interest Disclosure

Kroger Company (The) (KR) : The highest short term price target forecast on Kroger Company (The) (KR) is $51 and the lowest target price is $27. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $41.53 with a standard deviation of $6.3.

Kroger Company (The) (KR), A increase of 4,353,899 shares or 14.4% was observed in the short interest of Kroger The interest on June 30,2016 came in at 34,654,074 shares and as per the average daily trading of 13,403,527 shares, the days to cover are 3. The increased interest is 3.7% of the floated shares. The data of June 15,2016 put the interest at 30,300,175 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Hilliard Lyons upgrades the rating on Kroger Company (The) (NYSE:KR). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Long-term Buy. The rating by the firm was issued on June 23, 2016.


Kroger Company (The) (NYSE:KR): On Thursdays trading session , Opening price of the stock was $37.48 with an intraday high of $37.62. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $37.1. However, the stock managed to close at $37.3, a loss of 0.48% for the day. On the previous day, the stock had closed at $37.48. The total traded volume of the day was 6,840,358 shares.

The Kroger Co. (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. The Company operated, either directly or through its subsidiaries, approximately 2,625 supermarkets and multi-department stores, approximately 1,330 of which had fuel centers. Approximately 48% of these supermarkets were operated in Company-owned facilities, including some Company-owned buildings on leased land. The Company operates its 2,640 supermarket and multi-department stores under banners, including Kroger, City Market, Dillons, Food 4 Less, Fred Meyer, Frys, Harris Teeter, Jay C, King Soopers, QFC, Ralphs and Smiths. Of these stores, 1,330 have fuel centers. The Company also operates 782 convenience stores, either directly or through franchisees, 326 fine jewelry stores and an online retailer.

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