Shares of Tractor Supply (NASDAQ:TSCO) have received a consensus rating of “Hold” from the thirty-one research firms that are presently covering the company, MarketBeat Ratings reports. Nineteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $133.04.
Several research analysts have weighed in on TSCO shares. Telsey Advisory Group lifted their target price on Tractor Supply from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Northcoast Research lowered Tractor Supply from a “buy” rating to a “neutral” rating in a report on Tuesday, May 19th. Oppenheimer lowered Tractor Supply from an “outperform” rating to a “market perform” rating and set a $150.00 price target on the stock. in a report on Tuesday, July 21st. Bank of America restated a “buy” rating on shares of Tractor Supply in a report on Friday, July 24th. Finally, Barclays initiated coverage on Tractor Supply in a report on Monday, July 27th. They issued an “overweight” rating and a $155.00 price target on the stock.
In other Tractor Supply news, Director Edna Morris sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $144.46, for a total transaction of $722,300.00. Following the transaction, the director now owns 4,676 shares of the company’s stock, valued at $675,494.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Benjamin F. Parrish, Jr. sold 120,619 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $148.10, for a total value of $17,863,673.90. Following the transaction, the executive vice president now directly owns 67,262 shares in the company, valued at approximately $9,961,502.20. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in TSCO. Public Employees Retirement Association of Colorado lifted its holdings in shares of Tractor Supply by 0.6% during the first quarter. Public Employees Retirement Association of Colorado now owns 175,276 shares of the specialty retailer’s stock valued at $14,820,000 after purchasing an additional 1,078 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Tractor Supply by 4.4% during the 1st quarter. Fifth Third Bancorp now owns 3,009 shares of the specialty retailer’s stock worth $254,000 after purchasing an additional 126 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Tractor Supply by 36.6% during the 1st quarter. First Trust Advisors LP now owns 85,415 shares of the specialty retailer’s stock worth $7,222,000 after purchasing an additional 22,872 shares during the last quarter. Bartlett & Co. LLC purchased a new stake in shares of Tractor Supply during the 1st quarter worth approximately $25,000. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Tractor Supply by 33.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,845 shares of the specialty retailer’s stock worth $1,086,000 after purchasing an additional 3,187 shares during the last quarter. 84.91% of the stock is currently owned by hedge funds and other institutional investors.
TSCO stock traded down $0.51 during midday trading on Wednesday, hitting $140.37. 1,153 shares of the company’s stock were exchanged, compared to its average volume of 1,576,405. The stock’s fifty day moving average price is $146.49 and its 200-day moving average price is $117.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.62 and a current ratio of 1.40. The company has a market cap of $16.37 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 1.90 and a beta of 1.01. Tractor Supply has a one year low of $63.89 and a one year high of $155.56.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, July 23rd. The specialty retailer reported $2.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.28. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.01 billion. Tractor Supply had a return on equity of 45.25% and a net margin of 7.40%. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 earnings per share. On average, analysts expect that Tractor Supply will post 6.29 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Friday, August 21st. This is an increase from Tractor Supply’s previous quarterly dividend of $0.35. Tractor Supply’s payout ratio is 34.19%.
Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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