Tractor Supply (NASDAQ:TSCO) – Equities research analysts at DA Davidson increased their FY2021 earnings estimates for Tractor Supply in a note issued to investors on Monday, October 26th. DA Davidson analyst M. Baker now anticipates that the specialty retailer will post earnings per share of $7.01 for the year, up from their previous forecast of $6.73. DA Davidson has a “Neutral” rating and a $162.00 price objective on the stock.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, October 22nd. The specialty retailer reported $1.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.24. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.42 billion. Tractor Supply had a return on equity of 45.25% and a net margin of 7.40%. Tractor Supply’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.02 earnings per share.
Several other research firms also recently commented on TSCO. Stephens raised their price objective on shares of Tractor Supply from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Guggenheim raised their price objective on shares of Tractor Supply from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Morgan Stanley downgraded shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $145.00 to $155.00 in a report on Friday, July 24th. Edward Jones downgraded shares of Tractor Supply from a “buy” rating to a “hold” rating in a report on Wednesday, August 26th. Finally, Oppenheimer downgraded shares of Tractor Supply from an “outperform” rating to a “market perform” rating and set a $150.00 price target for the company. in a report on Tuesday, July 21st. Twenty analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $138.15.
TSCO opened at $133.02 on Wednesday. The company has a 50 day moving average of $142.69 and a 200 day moving average of $131.02. The company has a market cap of $15.50 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 1.86 and a beta of 1.02. Tractor Supply has a 12 month low of $63.89 and a 12 month high of $157.07. The company has a current ratio of 1.40, a quick ratio of 0.62 and a debt-to-equity ratio of 0.34.
A number of large investors have recently bought and sold shares of the stock. Sterling Investment Advisors Ltd. purchased a new stake in shares of Tractor Supply in the second quarter worth $25,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of Tractor Supply in the second quarter worth $26,000. Truewealth LLC boosted its position in shares of Tractor Supply by 92.0% during the second quarter. Truewealth LLC now owns 240 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 115 shares during the last quarter. Anderson Fisher LLC bought a new position in shares of Tractor Supply during the second quarter worth $41,000. Finally, Norway Savings Bank bought a new position in shares of Tractor Supply during the third quarter worth $43,000. 84.91% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Kurt D. Barton sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $154.00, for a total transaction of $3,850,000.00. Following the sale, the chief financial officer now owns 67,931 shares of the company’s stock, valued at $10,461,374. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Benjamin F. Parrish, Jr. sold 120,619 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $148.10, for a total transaction of $17,863,673.90. Following the sale, 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. Insiders have sold a total of 163,825 shares of company stock worth $24,535,604 in the last ninety days. Insiders own 1.50% of the company’s stock.
About Tractor Supply
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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