Tractor Supply Company Sees Significant Growth in Short Interest (TSCO)
Tractor Supply Company (NASDAQ:TSCO) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totalling 6,711,715 shares, a growth of 32.9% from the July 15th total of 5,051,748 shares, Stock Ratings News reports. Based on an average daily volume of 1,833,518 shares, the short-interest ratio is currently 3.7 days. Approximately 4.9% of the company’s stock are short sold.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Tractor Supply Company in a research note on Wednesday, August 6th. They now have a $65.00 price target on the stock. Separately, analysts at Avondale Partners downgraded shares of Tractor Supply Company from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 6th. Finally, analysts at Feltl & Co. upgraded shares of Tractor Supply Company from a “hold” rating to a “buy” rating in a research note on Thursday, July 24th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $70.33.
Tractor Supply Company (NASDAQ:TSCO) opened at 62.12 on Tuesday. Tractor Supply Company has a 1-year low of $57.20 and a 1-year high of $78.17. The stock has a 50-day moving average of $61.70 and a 200-day moving average of $66.05. The company has a market cap of $8.552 billion and a price-to-earnings ratio of 25.32.
Tractor Supply Company (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted $1.75 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Tractor Supply Company will post $2.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, August 14th.
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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