Shares of Tractor Supply (NASDAQ:TSCO – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the twenty-four research firms that are presently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $250.62.
A number of analysts have weighed in on the stock. StockNews.com started coverage on shares of Tractor Supply in a report on Thursday. They set a “hold” rating on the stock. Argus boosted their price objective on shares of Tractor Supply from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, February 28th. Cowen started coverage on shares of Tractor Supply in a report on Thursday, February 16th. They issued a “market perform” rating and a $245.00 price target on the stock. Robert W. Baird raised their price objective on Tractor Supply from $240.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, April 18th. Finally, Piper Sandler upped their price objective on Tractor Supply from $256.00 to $264.00 in a research note on Wednesday, March 15th.
Insider Buying and Selling
In other news, EVP Colin Yankee sold 1,335 shares of Tractor Supply stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $250.00, for a total transaction of $333,750.00. Following the transaction, the executive vice president now owns 9,886 shares in the company, valued at approximately $2,471,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Robert D. Mills sold 7,982 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $227.35, for a total value of $1,814,707.70. Following the sale, the executive vice president now directly owns 14,980 shares in the company, valued at approximately $3,405,703. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Colin Yankee sold 1,335 shares of Tractor Supply stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $250.00, for a total transaction of $333,750.00. Following the transaction, the executive vice president now directly owns 9,886 shares of the company’s stock, valued at $2,471,500. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,482 shares of company stock worth $6,946,435. 0.24% of the stock is owned by insiders.
Institutional Investors Weigh In On Tractor Supply
Tractor Supply Stock Performance
Shares of NASDAQ TSCO opened at $230.56 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.18 and a debt-to-equity ratio of 0.85. The company has a 50 day simple moving average of $236.61 and a two-hundred day simple moving average of $227.15. Tractor Supply has a 12 month low of $166.49 and a 12 month high of $251.17. The stock has a market cap of $25.26 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 2.24 and a beta of 0.82.
Tractor Supply (NASDAQ:TSCO – Get Rating) last released its earnings results on Thursday, April 27th. The specialty retailer reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.04). Tractor Supply had a return on equity of 55.53% and a net margin of 7.49%. The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the previous year, the company earned $1.65 EPS. Tractor Supply’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, analysts predict that Tractor Supply will post 10.49 earnings per share for the current year.
Tractor Supply Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 13th. Investors of record on Tuesday, May 30th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Friday, May 26th. Tractor Supply’s dividend payout ratio (DPR) is currently 42.43%.
Tractor Supply Company Profile
Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Orscheln Farm & Home, and Petsense.
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