Tractor Supply (TSCO) Set to Announce Quarterly Earnings on Thursday

Tractor Supply (NASDAQ:TSCO) is set to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Tractor Supply to post earnings of $1.70 per share for the quarter. Tractor Supply has set its FY24 guidance at $9.85-10.50 EPS and its FY 2024 guidance at 9.850-10.500 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, beating the consensus estimate of $2.22 by $0.06. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same period last year, the business posted $2.43 EPS. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, analysts expect Tractor Supply to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Tractor Supply Stock Up 1.0 %

TSCO stock opened at $247.39 on Thursday. The stock’s 50 day simple moving average is $249.23 and its 200 day simple moving average is $224.12. The company has a market cap of $26.70 billion, a P/E ratio of 24.52, a price-to-earnings-growth ratio of 3.64 and a beta of 0.84. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.28 and a current ratio of 1.50. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $268.02.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were issued a dividend of $1.10 per share. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.78%. Tractor Supply’s payout ratio is currently 43.61%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TSCO shares. Mizuho assumed coverage on Tractor Supply in a report on Tuesday, March 19th. They issued a “neutral” rating and a $245.00 target price on the stock. Barclays lifted their price objective on shares of Tractor Supply from $192.00 to $234.00 and gave the company an “equal weight” rating in a report on Wednesday. Telsey Advisory Group boosted their target price on shares of Tractor Supply from $245.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. UBS Group raised their price target on shares of Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Finally, Benchmark reissued a “buy” rating and set a $256.00 price objective on shares of Tractor Supply in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $240.57.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the sale, the chief financial officer now owns 20,678 shares in the company, valued at approximately $5,314,246. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Matthew L. Rubin sold 725 shares of Tractor Supply stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $238.09, for a total value of $172,615.25. Following the completion of the sale, the senior vice president now owns 5,710 shares of the company’s stock, valued at approximately $1,359,493.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kurt D. Barton sold 4,335 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the sale, the chief financial officer now directly owns 20,678 shares in the company, valued at $5,314,246. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock worth $21,201,877 over the last three months. 0.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tractor Supply

Several large investors have recently modified their holdings of the business. Chilton Capital Management LLC bought a new position in Tractor Supply in the 1st quarter worth approximately $197,000. UniSuper Management Pty Ltd bought a new position in shares of Tractor Supply in the second quarter worth $177,000. Neo Ivy Capital Management bought a new position in shares of Tractor Supply in the second quarter worth $159,000. Salem Investment Counselors Inc. grew its position in shares of Tractor Supply by 159.2% in the fourth quarter. Salem Investment Counselors Inc. now owns 674 shares of the specialty retailer’s stock valued at $152,000 after purchasing an additional 414 shares in the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of Tractor Supply by 40.4% during the 3rd quarter. Harbour Investments Inc. now owns 726 shares of the specialty retailer’s stock valued at $147,000 after purchasing an additional 209 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.