Oppenheimer reaffirmed their hold rating on shares of Tractor Supply (NASDAQ:TSCO) in a report published on Thursday, February 1st. Oppenheimer also issued estimates for Tractor Supply’s Q1 2018 earnings at $0.58 EPS, Q2 2018 earnings at $1.58 EPS, Q3 2018 earnings at $0.85 EPS, Q4 2018 earnings at $1.04 EPS and FY2018 earnings at $4.05 EPS.
A number of other research firms have also weighed in on TSCO. Zacks Investment Research lowered Tractor Supply from a buy rating to a hold rating in a research note on Friday, January 5th. Credit Suisse Group set a $52.00 price target on Tractor Supply and gave the company a hold rating in a research note on Thursday, October 26th. Telsey Advisory Group lowered Tractor Supply from an outperform rating to a market perform rating and upped their price target for the company from $62.00 to $83.00 in a research note on Thursday, January 25th. They noted that the move was a valuation call. BidaskClub lowered Tractor Supply from a strong-buy rating to a buy rating in a research note on Thursday, January 25th. Finally, Wolfe Research raised Tractor Supply from a market perform rating to an outperform rating in a research note on Wednesday, December 20th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Tractor Supply presently has an average rating of Hold and a consensus target price of $72.85.
Shares of Tractor Supply (NASDAQ TSCO) traded up $0.56 during trading hours on Thursday, hitting $66.50. The stock had a trading volume of 2,560,800 shares, compared to its average volume of 2,182,507. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.95 and a quick ratio of 0.24. The firm has a market capitalization of $8,340.00, a price-to-earnings ratio of 20.04, a PEG ratio of 1.22 and a beta of 1.17. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $82.68.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.04. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.93 billion. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. analysts forecast that Tractor Supply will post 4.1 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 26th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.62%. Tractor Supply’s dividend payout ratio (DPR) is presently 32.63%.
In other Tractor Supply news, Director Edna Morris sold 1,054 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total transaction of $70,691.78. Following the completion of the sale, the director now directly owns 10,949 shares of the company’s stock, valued at approximately $734,349.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Steve K. Barbarick sold 43,076 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. Sentry Investment Management LLC lifted its position in Tractor Supply by 3.1% during the 2nd quarter. Sentry Investment Management LLC now owns 8,957 shares of the specialty retailer’s stock worth $486,000 after acquiring an additional 268 shares during the period. Moors & Cabot Inc. raised its stake in shares of Tractor Supply by 5.2% during the 2nd quarter. Moors & Cabot Inc. now owns 11,795 shares of the specialty retailer’s stock worth $639,000 after buying an additional 585 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Tractor Supply by 3.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 26,603 shares of the specialty retailer’s stock worth $1,442,000 after buying an additional 783 shares in the last quarter. Mariner Wealth Advisors LLC raised its stake in shares of Tractor Supply by 3.6% during the 4th quarter. Mariner Wealth Advisors LLC now owns 24,787 shares of the specialty retailer’s stock worth $1,853,000 after buying an additional 856 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Tractor Supply by 1.9% during the 4th quarter. Arizona State Retirement System now owns 47,260 shares of the specialty retailer’s stock worth $3,533,000 after buying an additional 860 shares in the last quarter. 92.58% of the stock is owned by institutional investors.
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About Tractor Supply
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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