Tractor Supply (NASDAQ:TSCO) Receives Consensus Rating of “Hold” from Brokerages
Tractor Supply (NASDAQ:TSCO) has earned a consensus recommendation of “Hold” from the twenty-two brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $108.75.
TSCO has been the subject of several recent analyst reports. BidaskClub raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. ValuEngine downgraded shares of Tractor Supply from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wedbush reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Tractor Supply in a research report on Thursday, May 16th. Royal Bank of Canada set a $123.00 price objective on shares of Tractor Supply and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Barclays raised their price objective on shares of Tractor Supply from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th.
In related news, COO Steve K. Barbarick sold 36,108 shares of Tractor Supply stock in a transaction on Monday, June 17th. The shares were sold at an average price of $104.10, for a total value of $3,758,842.80. Following the completion of the sale, the chief operating officer now owns 60,258 shares of the company’s stock, valued at approximately $6,272,857.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP John P. Ordus sold 10,968 shares of Tractor Supply stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $104.09, for a total transaction of $1,141,659.12. Following the completion of the sale, the senior vice president now directly owns 21,000 shares of the company’s stock, valued at approximately $2,185,890. The disclosure for this sale can be found here. In the last three months, insiders sold 64,933 shares of company stock valued at $6,865,486. 1.50% of the stock is currently owned by insiders.
Tractor Supply stock traded up $1.36 during mid-day trading on Tuesday, hitting $103.88. 29,283 shares of the stock were exchanged, compared to its average volume of 1,242,646. The company has a quick ratio of 0.16, a current ratio of 1.52 and a debt-to-equity ratio of 1.57. Tractor Supply has a 12 month low of $78.67 and a 12 month high of $114.25. The firm’s fifty day moving average price is $109.58. The firm has a market capitalization of $12.83 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.02 and a beta of 1.10.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.01). The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Tractor Supply had a return on equity of 36.12% and a net margin of 6.71%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.69 EPS. On average, analysts forecast that Tractor Supply will post 4.74 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 26th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.35%. The ex-dividend date is Friday, August 23rd. Tractor Supply’s payout ratio is currently 32.48%.
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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