Other research analysts have also issued research reports about the company. Wedbush reissued a hold rating and set a $69.00 price target (down previously from $80.00) on shares of Tractor Supply in a research note on Wednesday, February 21st. Oppenheimer reissued a hold rating on shares of Tractor Supply in a research note on Thursday, February 1st. Telsey Advisory Group reissued a market perform rating and set a $76.00 price target (down previously from $83.00) on shares of Tractor Supply in a research note on Thursday, February 1st. Royal Bank of Canada increased their target price on Tractor Supply to $74.00 and gave the stock a sector perform rating in a research report on Monday, January 29th. Finally, BidaskClub raised Tractor Supply from a sell rating to a hold rating in a research report on Friday, April 27th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $72.90.
Shares of TSCO traded down $0.90 on Monday, reaching $74.32. The stock had a trading volume of 2,095,400 shares, compared to its average volume of 1,949,982. The stock has a market cap of $9.40 billion, a P/E ratio of 22.32, a P/E/G ratio of 1.40 and a beta of 1.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.96 and a quick ratio of 0.22. Tractor Supply has a twelve month low of $49.87 and a twelve month high of $82.68.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, April 26th. The specialty retailer reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Tractor Supply had a return on equity of 31.99% and a net margin of 5.88%. Tractor Supply’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS. research analysts expect that Tractor Supply will post 4.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 12th. Stockholders of record on Tuesday, May 29th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Friday, May 25th. This is a boost from Tractor Supply’s previous quarterly dividend of $0.27. Tractor Supply’s payout ratio is 37.24%.
A number of large investors have recently made changes to their positions in TSCO. Amundi Pioneer Asset Management Inc. bought a new stake in Tractor Supply during the fourth quarter worth approximately $139,359,000. JPMorgan Chase & Co. raised its holdings in Tractor Supply by 272.3% during the first quarter. JPMorgan Chase & Co. now owns 772,945 shares of the specialty retailer’s stock worth $48,710,000 after purchasing an additional 565,333 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Tractor Supply by 19.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,375,561 shares of the specialty retailer’s stock worth $212,727,000 after purchasing an additional 552,372 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Tractor Supply by 180.8% during the fourth quarter. Alliancebernstein L.P. now owns 680,823 shares of the specialty retailer’s stock worth $50,892,000 after purchasing an additional 438,384 shares in the last quarter. Finally, Champlain Investment Partners LLC raised its holdings in Tractor Supply by 38.6% during the first quarter. Champlain Investment Partners LLC now owns 1,292,115 shares of the specialty retailer’s stock worth $81,429,000 after purchasing an additional 360,040 shares in the last quarter. 80.67% of the stock is currently owned by hedge funds and other institutional investors.
Tractor Supply Company Profile
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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