Tractor Supply (TSCO) to Release Earnings on Thursday

Tractor Supply (NASDAQ:TSCO) is set to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Tractor Supply to post earnings of $1.70 per share for the quarter. Tractor Supply has set its FY24 guidance at $9.85-10.50 EPS and its FY 2024 guidance at 9.850-10.500 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.06. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the prior year, the business earned $2.43 EPS. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, analysts expect Tractor Supply to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $247.39 on Thursday. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82. The company has a 50 day moving average price of $249.23 and a 200-day moving average price of $224.12. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $268.02. The firm has a market capitalization of $26.70 billion, a PE ratio of 24.52, a P/E/G ratio of 3.64 and a beta of 0.84.

Tractor Supply Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.78%. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, February 23rd. Tractor Supply’s dividend payout ratio is presently 43.61%.

Insider Transactions at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 725 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $238.09, for a total transaction of $172,615.25. Following the completion of the sale, the senior vice president now directly owns 5,710 shares of the company’s stock, valued at approximately $1,359,493.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Robert D. Mills sold 48,334 shares of Tractor Supply stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total value of $11,224,604.82. Following the sale, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at $5,147,842.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Matthew L. Rubin sold 725 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $238.09, for a total value of $172,615.25. Following the transaction, the senior vice president now directly owns 5,710 shares of the company’s stock, valued at $1,359,493.90. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock valued at $21,201,877 over the last 90 days. Company insiders own 0.58% of the company’s stock.

Institutional Trading of Tractor Supply

Several hedge funds have recently modified their holdings of the company. Chilton Capital Management LLC purchased a new position in shares of Tractor Supply in the first quarter valued at $197,000. UniSuper Management Pty Ltd bought a new position in Tractor Supply during the second quarter valued at $177,000. Neo Ivy Capital Management purchased a new position in shares of Tractor Supply in the 2nd quarter worth $159,000. Salem Investment Counselors Inc. increased its holdings in shares of Tractor Supply by 159.2% in the 4th quarter. Salem Investment Counselors Inc. now owns 674 shares of the specialty retailer’s stock worth $152,000 after buying an additional 414 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in shares of Tractor Supply by 40.4% during the 3rd quarter. Harbour Investments Inc. now owns 726 shares of the specialty retailer’s stock valued at $147,000 after buying an additional 209 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSCO has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Mizuho started coverage on Tractor Supply in a research note on Tuesday, March 19th. They set a “neutral” rating and a $245.00 price target for the company. UBS Group increased their price objective on shares of Tractor Supply from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Evercore ISI dropped their price objective on shares of Tractor Supply from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Benchmark reaffirmed a “buy” rating and set a $256.00 target price on shares of Tractor Supply in a report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $240.57.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.