Tractor Supply (NASDAQ:TSCO) – Piper Jaffray Companies raised their Q4 2018 earnings per share (EPS) estimates for Tractor Supply in a note issued to investors on Monday, May 21st. Piper Jaffray Companies analyst P. Keith now forecasts that the specialty retailer will post earnings per share of $1.07 for the quarter, up from their prior forecast of $1.06. Piper Jaffray Companies has a “Overweight” rating and a $85.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Tractor Supply’s Q1 2019 earnings at $0.60 EPS.
Several other brokerages have also recently commented on TSCO. Telsey Advisory Group cut shares of Tractor Supply from an “outperform” rating to a “market perform” rating and raised their price target for the company from $62.00 to $83.00 in a research report on Thursday, January 25th. They noted that the move was a valuation call. BidaskClub cut shares of Tractor Supply from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Royal Bank of Canada raised their price target on shares of Tractor Supply to $74.00 and gave the company a “sector perform” rating in a research report on Monday, January 29th. Credit Suisse Group reaffirmed a “neutral” rating and set a $73.00 price objective (up from $52.00) on shares of Tractor Supply in a research report on Monday, January 29th. Finally, TheStreet raised shares of Tractor Supply from a “c+” rating to a “b-” rating in a research report on Monday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. Tractor Supply currently has an average rating of “Hold” and an average target price of $72.90.
Shares of Tractor Supply opened at $74.34 on Thursday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.96 and a quick ratio of 0.22. Tractor Supply has a 52 week low of $49.87 and a 52 week high of $82.68. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 1.36 and a beta of 1.27.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, April 26th. The specialty retailer reported $0.57 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. Tractor Supply had a net margin of 5.88% and a return on equity of 31.99%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter last year, the company posted $0.46 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year.
A number of large investors have recently made changes to their positions in TSCO. Centaurus Financial Inc. acquired a new stake in Tractor Supply during the 1st quarter worth $100,000. Calton & Associates Inc. acquired a new stake in Tractor Supply during the 4th quarter worth $109,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Tractor Supply during the 4th quarter worth $187,000. Kennedy Capital Management Inc. acquired a new stake in Tractor Supply during the 4th quarter worth $204,000. Finally, Advisor Partners LLC acquired a new stake in Tractor Supply during the 4th quarter worth $207,000. Hedge funds and other institutional investors own 80.51% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 12th. Investors of record on Tuesday, May 29th will be paid a dividend of $0.31 per share. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a yield of 1.67%. The ex-dividend date is Friday, May 25th. Tractor Supply’s dividend payout ratio (DPR) is currently 32.43%.
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.
Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.