Tractor Supply Company Downgraded to “Hold” at Argus (TSCO)
Tractor Supply Company (NASDAQ:TSCO) was downgraded by equities researchers at Argus from a “buy” rating to a “hold” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on TSCO. Analysts at Zacks reiterated a “neutral” rating on shares of Tractor Supply Company in a research note on Wednesday, April 30th. They now have a $70.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Tractor Supply Company from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. Finally, analysts at RBC Capital raised their price target on shares of Tractor Supply Company from $76.00 to $78.00 in a research note on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $89.53.
Shares of Tractor Supply Company (NASDAQ:TSCO) opened at 66.50 on Tuesday. Tractor Supply Company has a 1-year low of $53.315 and a 1-year high of $78.17. The stock has a 50-day moving average of $68.01 and a 200-day moving average of $70.83. The company has a market cap of $9.210 billion and a P/E ratio of 27.72.
Tractor Supply Company (NASDAQ:TSCO) last announced its earnings results on Wednesday, April 23rd. The company reported $0.35 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.02. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the company posted $0.62 earnings per share. Tractor Supply Company’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that Tractor Supply Company will post $2.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 3rd. Investors of record on Monday, May 19th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, May 15th. This is an increase from Tractor Supply Company’s previous quarterly dividend of $0.13.
Tractor Supply Company is an operator of retail farm and ranch stores in the United States. It operates retail stores under the names Tractor Supply Company and Del’s Feed & Farm Supply and operates a Website under the name TractorSupply.
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