BidaskClub cut shares of Tractor Supply (NASDAQ:TSCO) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday, January 25th.
Several other equities research analysts have also recently issued reports on TSCO. BMO Capital Markets lifted their target price on shares of Tractor Supply from $58.00 to $61.00 and gave the stock a market perform rating in a research note on Wednesday, September 27th. UBS Group cut shares of Tractor Supply from a buy rating to a neutral rating and lifted their target price for the stock from $62.00 to $67.00 in a research note on Monday, October 2nd. Piper Jaffray Companies reaffirmed a hold rating and set a $57.00 target price on shares of Tractor Supply in a research note on Friday, September 29th. Wedbush reissued an outperform rating and set a $72.00 price target (up previously from $65.00) on shares of Tractor Supply in a research report on Tuesday, October 3rd. Finally, Robert W. Baird reissued a buy rating and set a $66.00 price target on shares of Tractor Supply in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Tractor Supply has a consensus rating of Hold and an average price target of $72.85.
Shares of Tractor Supply (TSCO) opened at $66.67 on Thursday. Tractor Supply has a one year low of $49.87 and a one year high of $82.68. The company has a current ratio of 1.95, a quick ratio of 0.24 and a debt-to-equity ratio of 0.31. The stock has a market cap of $8,370.00, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 1.22 and a beta of 1.17.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the company posted $0.94 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. sell-side analysts forecast that Tractor Supply will post 4.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 26th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $1.08 annualized dividend and a yield of 1.62%. Tractor Supply’s dividend payout ratio (DPR) is currently 32.63%.
In related news, CMO Steve K. Barbarick sold 43,076 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $69.03, for a total value of $2,973,536.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edna Morris sold 1,054 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total transaction of $70,691.78. Following the completion of the sale, the director now owns 10,949 shares in the company, valued at $734,349.43. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of TSCO. Amalgamated Bank increased its stake in Tractor Supply by 50.1% during the second quarter. Amalgamated Bank now owns 15,102 shares of the specialty retailer’s stock worth $819,000 after purchasing an additional 5,040 shares during the period. Laurion Capital Management LP purchased a new stake in Tractor Supply during the second quarter worth about $531,000. Profund Advisors LLC increased its stake in Tractor Supply by 4.3% during the second quarter. Profund Advisors LLC now owns 11,096 shares of the specialty retailer’s stock worth $602,000 after purchasing an additional 462 shares during the period. Mutual of America Capital Management LLC increased its stake in Tractor Supply by 3.0% during the second quarter. Mutual of America Capital Management LLC now owns 26,603 shares of the specialty retailer’s stock worth $1,442,000 after purchasing an additional 783 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in Tractor Supply by 16.5% during the second quarter. UBS Asset Management Americas Inc. now owns 414,975 shares of the specialty retailer’s stock worth $22,496,000 after purchasing an additional 58,711 shares during the period. Institutional investors own 92.58% of the company’s stock.
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Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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