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Mega Buybacks in 2025: Why These 3 Leading Stocks Are Buys
SCVLShoe Carnival(SCVL) MarketBeat·2024-12-26 14:56

Summary of Kroger's Recent Developments Core Viewpoint - Kroger's financial position remains strong despite the failed acquisition of Albertsons, leading to a significant share buyback initiative [1][2]. Financial Position - Kroger has authorized a 7.5billionsharebuybackplan,representingapproximately177.5 billion share buyback plan, representing approximately 17% of its market capitalization [2]. - Of this, 5.5 billion is allocated for an accelerated buyback expected to be completed by mid-December, while the remaining funds are likely to be utilized in 2025 [2]. Market Performance - Kroger's stock price is currently at 61.95,witha52weekrangebetween61.95, with a 52-week range between 44.48 and 63.59,andadividendyieldof2.0763.59, and a dividend yield of 2.07% [1]. - The company's P/E ratio stands at 16.39, with a price target set at 65.79 [1]. Analyst Ratings - Kroger holds a "Moderate Buy" rating among analysts, although it is not currently listed among the top recommended stocks by leading analysts [5].