BidaskClub upgraded shares of Tractor Supply (NASDAQ:TSCO) from a sell rating to a hold rating in a research note published on Saturday, March 17th.
A number of other equities analysts have also recently commented on TSCO. Oppenheimer reiterated a hold rating on shares of Tractor Supply in a report on Friday, December 1st. Moffett Nathanson assumed coverage on Tractor Supply in a report on Monday, December 4th. They set a neutral rating for the company. Wolfe Research upgraded Tractor Supply from a market perform rating to an outperform rating in a report on Wednesday, December 20th. TheStreet upgraded Tractor Supply from a c+ rating to a b rating in a report on Wednesday, December 20th. Finally, Zacks Investment Research upgraded Tractor Supply from a hold rating to a buy rating and set a $83.00 price objective for the company in a report on Tuesday, December 26th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Tractor Supply has an average rating of Hold and a consensus target price of $73.10.
TSCO traded down $1.66 during mid-day trading on Friday, reaching $59.70. The stock had a trading volume of 1,665,712 shares, compared to its average volume of 1,705,023. Tractor Supply has a 52 week low of $49.87 and a 52 week high of $82.68. The firm has a market capitalization of $7,395.46, a price-to-earnings ratio of 17.93, a PEG ratio of 1.12 and a beta of 1.28. 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 announced 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 return on equity of 30.81% and a net margin of 5.82%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter last year, the company earned $0.94 EPS. Tractor Supply’s revenue for the quarter was up 1.9% compared to the same quarter last year. research analysts forecast that Tractor Supply will post 4.04 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.08 annualized dividend and a dividend yield of 1.81%. Tractor Supply’s dividend payout ratio (DPR) is presently 32.43%.
In other news, Director Edna Morris sold 1,054 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 10,949 shares in the company, valued at $734,349.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Calton & Associates Inc. bought a new stake in shares of Tractor Supply in the fourth quarter worth $109,000. Global X MANAGEMENT CO LLC grew its stake in shares of Tractor Supply by 191.7% in the third quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock worth $113,000 after purchasing an additional 1,173 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Tractor Supply in the fourth quarter worth $187,000. Advisor Partners LLC bought a new stake in shares of Tractor Supply in the fourth quarter worth $207,000. Finally, CAPROCK Group Inc. bought a new stake in shares of Tractor Supply in the fourth quarter worth $214,000. 83.25% of the stock is currently owned by institutional investors.
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Tractor Supply Company Profile
Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm and ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The company operates its retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.
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