The Kroger Company (
recorded the fourth 52-week high in a month's span. We note that
the company's share price has been rising consistently since it
reported solid fourth-quarter fiscal 2012 results on Mar 7.
After attaining a high of $33.25 on Mar 27, shares of this
grocery retailer further soared to touch a new high of $33.50
Shares eventually closed at $33.17, rising roughly 26.5% year
to date. Kroger currently trades at a forward P/E of 12.00x, a
2.6% discount to the peer group average of 12.34x. Moreover, the
company's long-term estimated EPS growth rate is 9.2%, which is
Alongside, other retailers like
Tiffany & Co.
) crafted new 52-week highs of $45.26, $69.91 and $74.20
Kroger's dominant position among the nation's largest grocery
retailers enables it to sustain growth in top and bottom lines,
expand its store base, and boost its market share.
Moreover, Kroger's Customer 1
strategy provides a strong value proposition to consumers. The
company's value offerings further facilitate it to retain
customers and in turn generate identical supermarket sales
These measures help the company to continue to perform well
and post better-than-expected results. If we look at the
company's earnings surprise history, Kroger has outpaced the
Zacks Consensus Estimate in the last 4 quarters by an average of
Going forward, Kroger envisions fiscal 2013 earnings between
$2.71 and $2.79 per share, reflecting year-over-year growth in
the range of 8% to 11%. Moreover, Kroger now expects identical
supermarket sales (excluding fuel) growth of 2.5% - 3.5% for
Currently, Kroger holds a Zacks Rank #2 (Buy).
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