Shares of Tractor Supply (NASDAQ:TSCO – Get Rating) have been assigned an average rating of “Buy” from the twenty-four ratings firms that are presently covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $231.04.
Several research firms recently commented on TSCO. StockNews.com began coverage on shares of Tractor Supply in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $235.00 price target for the company in a research report on Wednesday, January 19th. Wells Fargo & Company increased their price target on shares of Tractor Supply from $230.00 to $265.00 in a research report on Wednesday, January 5th. Morgan Stanley increased their price target on shares of Tractor Supply from $215.00 to $235.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 18th. Finally, Truist Financial started coverage on shares of Tractor Supply in a research report on Thursday, January 13th. They set a “buy” rating and a $270.00 price target for the company.
In other Tractor Supply news, EVP Colin Yankee sold 2,323 shares of the firm’s stock in a transaction dated Thursday, February 3rd. The shares were sold at an average price of $219.42, for a total transaction of $509,712.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Harry A. Lawton III sold 20,049 shares of the firm’s stock in a transaction dated Thursday, February 10th. The shares were sold at an average price of $222.35, for a total transaction of $4,457,895.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,031 shares of company stock valued at $6,416,873. 0.23% of the stock is currently owned by corporate insiders.
TSCO stock opened at $237.38 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.51 and a current ratio of 1.57. Tractor Supply has a 52 week low of $170.82 and a 52 week high of $241.54. The firm’s fifty day moving average is $222.72 and its 200 day moving average is $220.42. The firm has a market cap of $26.62 billion, a P/E ratio of 27.54, a P/E/G ratio of 2.58 and a beta of 0.98.
Tractor Supply (NASDAQ:TSCO – Get Rating) last released its earnings results on Thursday, January 27th. The specialty retailer reported $1.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.09. Tractor Supply had a net margin of 7.83% and a return on equity of 50.77%. The company had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter last year, the firm earned $1.64 EPS. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, analysts forecast that Tractor Supply will post 9.38 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 8th. Investors of record on Monday, February 21st were given a dividend of $0.92 per share. This is a boost from Tractor Supply’s previous quarterly dividend of $0.52. This represents a $3.68 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Thursday, February 17th. Tractor Supply’s dividend payout ratio (DPR) is 42.69%.
Tractor Supply Company Profile (Get Rating)
Tractor Supply Company operates as a rural lifestyle retailer 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.
- Get a free copy of the StockNews.com research report on Tractor Supply (TSCO)
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