Tractor Supply (NASDAQ:TSCO – Get Rating) – Analysts at Wedbush upped their FY2022 earnings estimates for Tractor Supply in a research report issued on Friday, April 22nd. Wedbush analyst S. Basham now anticipates that the specialty retailer will post earnings of $9.40 per share for the year, up from their prior estimate of $9.36. Wedbush currently has a “Neutral” rating on the stock. Wedbush also issued estimates for Tractor Supply’s Q1 2023 earnings at $1.78 EPS, Q2 2023 earnings at $3.97 EPS, Q3 2023 earnings at $2.27 EPS and FY2023 earnings at $10.29 EPS.
Tractor Supply (NASDAQ:TSCO – Get Rating) last released its quarterly earnings results on Thursday, April 21st. The specialty retailer reported $1.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.23. Tractor Supply had a net margin of 7.74% and a return on equity of 51.48%. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the prior year, the company posted $1.55 earnings per share. Tractor Supply’s revenue was up 8.3% compared to the same quarter last year.
TSCO stock opened at $206.65 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.51 and a current ratio of 1.44. The company’s 50-day simple moving average is $222.79 and its 200 day simple moving average is $221.42. Tractor Supply has a 52 week low of $170.82 and a 52 week high of $241.54. The company has a market capitalization of $23.17 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 2.39 and a beta of 0.98.
Institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC bought a new position in Tractor Supply during the 3rd quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Tractor Supply by 194.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 106 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 70 shares during the last quarter. Bell Investment Advisors Inc bought a new position in Tractor Supply during the 3rd quarter worth approximately $26,000. Zullo Investment Group Inc. bought a new position in Tractor Supply during the 4th quarter worth approximately $26,000. Finally, Gradient Investments LLC bought a new position in Tractor Supply during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 84.26% of the company’s stock.
In related news, EVP Colin Yankee sold 6,659 shares of the firm’s stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $217.64, for a total value of $1,449,264.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Harry A. Lawton III sold 20,049 shares of the firm’s stock in a transaction that occurred on 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. In the last quarter, insiders sold 29,031 shares of company stock valued at $6,416,873. 0.70% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 8th. Stockholders of record on Monday, February 21st were paid a $0.92 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $0.52. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, February 17th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.20%.
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.
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