Equities Analysts Offer Predictions for Tractor Supply’s Q2 2024 Earnings (NASDAQ:TSCO)

Tractor Supply (NASDAQ:TSCO) – Research analysts at DA Davidson issued their Q2 2024 EPS estimates for Tractor Supply in a research report issued to clients and investors on Friday, April 26th. DA Davidson analyst M. Baker forecasts that the specialty retailer will post earnings per share of $3.95 for the quarter. The consensus estimate for Tractor Supply’s current full-year earnings is $10.26 per share. DA Davidson also issued estimates for Tractor Supply’s FY2025 earnings at $11.70 EPS.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, topping the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter last year, the business posted $1.65 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year.

Several other analysts also recently commented on the stock. Guggenheim raised their target price on shares of Tractor Supply from $210.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of Tractor Supply in a research report on Thursday. TD Cowen increased their target price on Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Friday. Evercore ISI lifted their price target on Tractor Supply from $275.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Benchmark restated a “buy” rating and issued a $256.00 price target on shares of Tractor Supply in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply presently has an average rating of “Hold” and a consensus target price of $248.17.

Tractor Supply Trading Up 3.3 %

NASDAQ:TSCO opened at $273.90 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.28. The business’s 50-day simple moving average is $252.44 and its 200-day simple moving average is $226.90. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $274.66. The stock has a market capitalization of $29.56 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 4.10 and a beta of 0.84.

Tractor Supply Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Friday, February 23rd. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

Insider Transactions at Tractor Supply

In related news, SVP Matthew L. Rubin sold 725 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $238.09, for a total value of $172,615.25. Following the completion of the sale, the senior vice president now directly owns 5,710 shares in the company, valued at approximately $1,359,493.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the completion of the transaction, the chief financial officer now directly owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Matthew L. Rubin sold 725 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 5,710 shares in the company, valued at $1,359,493.90. The disclosure for this sale can be found here. Insiders have sold 90,090 shares of company stock worth $21,201,877 in the last ninety days. Insiders own 0.24% of the company’s stock.

Institutional Trading of Tractor Supply

Several hedge funds and other institutional investors have recently modified their holdings of TSCO. OFI Invest Asset Management acquired a new stake in Tractor Supply during the third quarter worth approximately $25,000. Future Financial Wealth Managment LLC acquired a new stake in Tractor Supply during the 1st quarter worth approximately $26,000. Private Wealth Management Group LLC bought a new stake in Tractor Supply in the 4th quarter valued at $27,000. Pinnacle Bancorp Inc. bought a new stake in shares of Tractor Supply in the fourth quarter valued at about $28,000. Finally, Rise Advisors LLC increased its position in Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 66 shares during the period. Institutional investors own 98.72% of the company’s stock.

About Tractor Supply

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.