Press coverage about Tractor Supply (NASDAQ:TSCO) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Tractor Supply earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 44.9783712804352 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
TSCO has been the subject of a number of analyst reports. Oppenheimer raised Tractor Supply from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday, April 27th. Wedbush boosted their price objective on Tractor Supply from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, April 27th. BidaskClub raised Tractor Supply from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. Royal Bank of Canada decreased their target price on Tractor Supply to $64.00 and set a “market perform” rating for the company in a research note on Tuesday, April 24th. Finally, Wells Fargo & Co set a $72.00 target price on Tractor Supply and gave the stock a “buy” rating in a research note on Thursday, April 26th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the stock. Tractor Supply presently has an average rating of “Hold” and a consensus target price of $72.90.
TSCO stock traded down $0.56 during trading on Friday, hitting $73.34. 1,391,813 shares of the company’s stock were exchanged, compared to its average volume of 1,793,853. The stock has a market cap of $9.19 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 1.37 and a beta of 1.27. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $82.68. The company has a quick ratio of 0.22, a current ratio of 1.96 and a debt-to-equity ratio of 0.54.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, April 26th. The specialty retailer reported $0.57 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.57. Tractor Supply had a return on equity of 31.99% and a net margin of 5.88%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. sell-side analysts anticipate that Tractor Supply will post 4.08 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 12th. Shareholders of record on Tuesday, May 29th will be paid a $0.31 dividend. The ex-dividend date is Friday, May 25th. This represents a $1.24 dividend on an annualized basis and a yield of 1.69%. This is a boost from Tractor Supply’s previous quarterly dividend of $0.27. Tractor Supply’s payout ratio 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.
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