|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||28.92 - 29.82|
|52-week range||19.69 - 34.75|
|PE ratio (TTM)||17.64|
|Earnings date||8 Mar 2018|
|Forward dividend & yield||0.50 (1.77%)|
|1y target est||28.23|
Kroger is mulling a bid for Overstock.com even as it is in talks to buy Boxed.com, touted as a "Costco for millennials," the New York Post reported.
Overstock.com Inc. gained as much as 4.5 percent on speculation that supermarket giant Kroger Co. might acquire the e-commerce company.
Oppenheimer Initiates Coverage of Dollar Tree, Dollar GeneralOppenheimer sets an “outperform” rating for Dollar Tree and Dollar General
Amazon's takeover of Whole Foods has pushed companies like Kroger and Walmart to accelerate innovations around grocery shopping.
Is Online Wholesaler Boxed Kroger’s Acquisition Target? According to a recent report by Forbes, America’s largest supermarket chain Kroger (KR) is reportedly in talks to buy Boxed—an online bulk order wholesaler. Costco (COST), Target (TGT), and German-based Aldi are some of the other companies that have reportedly shown interest in Boxed.
Online wholesale startup Boxed is in talk with Kroger and several Big Retail rivals for an acquisition that could reach $500 million -- and take another independent commerce startup off the market.
Walmart had a superb run in the stock market this year. It rose ~43% during 2017. Analysts expect a modest increase of ~3% in its stock price going forward.
It was a tough year for Kroger (KR), with the supermarket chain's shares down 18% in the past 12 months (and 1% so far in 2018) on worries about pricing pressure following Amazon's (AMZN) purchase of Whole Foods, but Jefferies thinks the worst of the pain is over. Analyst Christopher Mandeville and Aaron Eisenberg upgraded Kroger to Buy on Friday, with a $33 price target. Kroger fits that bill, they write, due to its earnings before interest and taxes growth prospects, and a valuation that makes it a good buying opportunity for long-term investors: As upfront Restock investment req’d to better position KR for L-T net mkt.