Trade-Ideas LLC identified

Kroger

(

KR

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Kroger as such a stock due to the following factors:

  • KR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $393.0 million.
  • KR has traded 231,623 shares today.
  • KR is trading at a new lifetime high.

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More details on KR:

The Kroger Co., together with its subsidiaries, operates as a retailer in the United States and internationally. It also manufactures and processes food for sale in its supermarkets. The stock currently has a dividend yield of 1%. KR has a PE ratio of 21. Currently there are 11 analysts that rate Kroger a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Kroger has been 8.4 million shares per day over the past 30 days. Kroger has a market cap of $41.0 billion and is part of the services sector and retail industry. Shares are up 31.8% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Kroger as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 12.0%. Since the same quarter one year prior, revenues slightly increased by 0.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 34.29% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, KR should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • KROGER CO has improved earnings per share by 17.8% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, KROGER CO increased its bottom line by earning $1.73 versus $1.45 in the prior year. This year, the market expects an improvement in earnings ($2.04 versus $1.73).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Food & Staples Retailing industry. The net income increased by 18.2% when compared to the same quarter one year prior, going from $362.00 million to $428.00 million.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Food & Staples Retailing industry and the overall market, KROGER CO's return on equity significantly exceeds that of both the industry average and the S&P 500.

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