Tractor Supply (NASDAQ:TSCO) – Equities researchers at Northcoast Research issued their Q1 2018 EPS estimates for Tractor Supply in a research report issued on Monday, according to Zacks Investment Research. Northcoast Research analyst C. Cerankosky forecasts that the specialty retailer will earn $0.60 per share for the quarter. Northcoast Research has a “Buy” rating on the stock. Northcoast Research also issued estimates for Tractor Supply’s Q2 2018 earnings at $1.53 EPS, Q4 2018 earnings at $1.10 EPS, FY2018 earnings at $4.19 EPS and FY2019 earnings at $4.61 EPS.
Several other analysts also recently issued reports on TSCO. Loop Capital set a $55.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a report on Wednesday, October 25th. Oppenheimer reaffirmed a “hold” rating on shares of Tractor Supply in a report on Thursday, October 26th. Robert W. Baird set a $66.00 price objective on shares of Tractor Supply and gave the stock a “buy” rating in a report on Thursday, October 26th. Deutsche Bank decreased their price objective on shares of Tractor Supply from $54.00 to $51.00 and set a “hold” rating for the company in a report on Thursday, October 26th. Finally, Credit Suisse Group set a $52.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Tractor Supply currently has an average rating of “Hold” and an average target price of $72.85.
Tractor Supply (NASDAQ TSCO) opened at $66.16 on Tuesday. Tractor Supply has a 12 month low of $49.87 and a 12 month high of $82.68. The company has a market cap of $8,371.38, a price-to-earnings ratio of 19.96, a PEG ratio of 1.23 and a beta of 1.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.24 and a current ratio of 1.95.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the business earned $0.94 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently bought and sold shares of TSCO. Calton & Associates Inc. acquired a new stake in Tractor Supply in the 4th quarter valued at about $109,000. Global X MANAGEMENT CO LLC increased its position in Tractor Supply by 191.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 1,173 shares in the last quarter. Bristlecone Advisors LLC acquired a new stake in Tractor Supply in the 3rd quarter valued at about $173,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Tractor Supply in the 4th quarter valued at about $187,000. Finally, Kennedy Capital Management Inc. acquired a new stake in Tractor Supply in the 4th quarter valued at about $204,000. Hedge funds and other institutional investors own 92.58% of the company’s stock.
In other Tractor Supply news, CMO Steve K. Barbarick sold 43,076 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edna Morris sold 1,054 shares of the firm’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 of the company’s stock, valued at approximately $734,349.43. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, February 23rd. Tractor Supply’s payout ratio is 32.73%.
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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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