BidaskClub cut shares of Tractor Supply (NASDAQ:TSCO) from a buy rating to a hold rating in a report issued on Tuesday morning.
Other research analysts have also issued reports about the company. Gordon Haskett initiated coverage on Tractor Supply in a research report on Wednesday, June 20th. They set an accumulate rating and a $86.00 price target for the company. TheStreet upgraded Tractor Supply from a c+ rating to a b- rating in a research report on Monday, May 21st. Wells Fargo & Co set a $72.00 price target on Tractor Supply and gave the stock a buy rating in a research report on Thursday, April 26th. Goldman Sachs Group upgraded Tractor Supply from a neutral rating to a buy rating and raised their price target for the stock from $72.00 to $79.00 in a research report on Monday, April 16th. Finally, Moffett Nathanson upgraded Tractor Supply from a neutral rating to a buy rating in a research report on Monday, March 5th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $74.05.
Tractor Supply opened at $76.13 on Tuesday, according to MarketBeat.com. Tractor Supply has a 52 week low of $49.87 and a 52 week high of $82.68. The firm has a market cap of $9.38 billion, a PE ratio of 22.86, a PEG ratio of 1.40 and a beta of 1.32. 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 released its quarterly earnings results on Thursday, April 26th. The specialty retailer reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. Tractor Supply had a return on equity of 31.99% and a net margin of 5.88%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the business posted $0.46 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. equities research analysts predict that Tractor Supply will post 4.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 12th. Shareholders of record on Tuesday, May 29th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.63%. This is an increase from Tractor Supply’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, May 25th. Tractor Supply’s payout ratio is 37.24%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Centaurus Financial Inc. purchased a new stake in Tractor Supply during the 1st quarter worth about $100,000. Kennedy Capital Management Inc. purchased a new stake in Tractor Supply during the 4th quarter worth about $204,000. Two Sigma Securities LLC purchased a new stake in Tractor Supply during the 4th quarter worth about $248,000. D.B. Root & Company LLC purchased a new stake in Tractor Supply during the 1st quarter worth about $213,000. Finally, Diversified Trust Co purchased a new stake in Tractor Supply during the 1st quarter worth about $223,000. 80.63% of the stock is owned by institutional investors.
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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