Tractor Supply Company (TSCO) Receives Consensus Rating of “Hold” from Analysts
Tractor Supply Company (NASDAQ:TSCO) has been assigned a consensus rating of “Hold” from the twenty-nine analysts that are presently covering the company, Marketbeat Ratings reports. Nineteen research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $73.68.
A number of analysts recently weighed in on TSCO shares. BMO Capital Markets set a $57.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a report on Tuesday, July 11th. Deutsche Bank AG reissued a “hold” rating and issued a $54.00 price target (down previously from $69.00) on shares of Tractor Supply in a report on Thursday, July 27th. Telsey Advisory Group lowered their price target on shares of Tractor Supply from $83.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, July 6th. Credit Suisse Group set a $54.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Thursday, April 27th.
Tractor Supply (TSCO) traded down 1.00% on Friday, hitting $54.37. The company had a trading volume of 1,721,622 shares. The firm’s 50 day moving average price is $53.54 and its 200 day moving average price is $61.91. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $86.39. The stock has a market cap of $6.89 billion, a P/E ratio of 16.43 and a beta of 1.32. Tractor Supply also saw unusually large options trading activity on Tuesday. Traders acquired 1,064 put options on the stock. This is an increase of approximately 787% compared to the typical volume of 120 put options.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by $0.02. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.16 EPS. Equities analysts predict that Tractor Supply will post $3.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.97%. Tractor Supply’s dividend payout ratio is 32.53%.
Several institutional investors have recently made changes to their positions in the company. Commonwealth Bank of Australia boosted its position in shares of Tractor Supply by 15.4% in the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after buying an additional 317 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Tractor Supply by 3.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock worth $172,000 after buying an additional 91 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of Tractor Supply during the second quarter worth $139,000. Koch Industries Inc. purchased a new position in shares of Tractor Supply during the first quarter worth $216,000. Finally, Gofen & Glossberg LLC IL boosted its position in shares of Tractor Supply by 6.7% in the first quarter. Gofen & Glossberg LLC IL now owns 3,165 shares of the specialty retailer’s stock worth $218,000 after buying an additional 200 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.
Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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