Tractor Supply Company Receives Average Recommendation of “Hold” from Analysts (NASDAQ:TSCO)
Shares of Tractor Supply Company (NASDAQ:TSCO) have received a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the company, Analyst Ratings Net reports. Ten investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $90.21.
A number of research firms have recently commented on TSCO. Analysts at Argus downgraded shares of Tractor Supply Company from a “buy” rating to a “hold” rating in a research note on Tuesday. They noted that the move was a valuation call. Separately, 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. Finally, 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.
Tractor Supply Company (NASDAQ:TSCO) traded down 0.14% on Friday, hitting $63.07. The stock had a trading volume of 316,914 shares. Tractor Supply Company has a 52 week low of $53.315 and a 52 week high of $78.17. The stock has a 50-day moving average of $67.30 and a 200-day moving average of $70.61. The company has a market cap of $8.735 billion and a price-to-earnings ratio of 26.75.
Tractor Supply Company (NASDAQ:TSCO) last announced its earnings results on Wednesday, April 23rd. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. 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 1.01%. 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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