The stock of Tractor Supply Company (NASDAQ:TSCO) last traded at $223.09, up 2.78% from the previous session.
Data from the available sources indicates that Tractor Supply Company (NASDAQ:TSCO) is covered by 32 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $270.00 and a low of $195.00, we find $236.00. Given the previous closing price of $217.06, this indicates a potential upside of 8.73 percent. TSCO stock price is now 4.31% away from the 50-day moving average and 8.80% away from the 200-day moving average. The market capitalization of the company currently stands at $24.19B.
In total, 11 analysts have assigned it a hold rating, and 17 have given it a buy rating. Brokers who have rated the stock have averaged $231.71 as their price target over the next twelve months.
With the price target of $260, Credit Suisse recently initiated with Outperform rating for Tractor Supply Company (NASDAQ: TSCO). On October 21, 2022, Truist reiterated its ‘Buy’ rating on the stock by increasing its target price from $252 to quote $237, while ‘Robert W. Baird’ rates the stock as ‘Outperform’.
In other news, Barton Kurt D, EVP Chief Financial Officer sold 7,257 shares of the company’s stock on Nov 16. The stock was sold for $1,596,540 at an average price of $220.00. Upon completion of the transaction, the EVP Chief Financial Officer now directly owns 34,045 shares in the company, valued at $7.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 09, SVP Petsense GM Rubin Matthew L. sold 31 shares of the business’s stock. A total of $6,324 was realized by selling the stock at an average price of $204.00. This leaves the insider owning 49 shares of the company worth $10931.41. Insiders disposed of 126,039 shares of company stock worth roughly $28.12 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TSCO stock. A new stake in Tractor Supply Company shares was purchased by JACOBS LEVY EQUITY MANAGEMENT, INC during the first quarter worth $55,886,000. COVEA FINANCE invested $36,719,000 in shares of TSCO during the first quarter. In the first quarter, ADAMS DIVERSIFIED EQUITY FUND, INC. acquired a new stake in Tractor Supply Company valued at approximately $26,548,000. BECK BODE, LLC acquired a new stake in TSCO for approximately $10,023,000. NZS CAPITAL, LLC purchased a new stake in TSCO valued at around $8,529,000 in the second quarter. In total, there are 1,389 active investors with 88.70% ownership of the company’s stock.
With an opening price of $217.83 on Tuesday morning, Tractor Supply Company (NASDAQ: TSCO) set off the trading day. During the past 12 months, Tractor Supply Company has had a low of $166.49 and a high of $241.54. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 1.50, and a quick ratio of 0.20. The fifty day moving average price for TSCO is $213.86 and a two-hundred day moving average price translates $205.05 for the stock.
The latest earnings results from Tractor Supply Company (NASDAQ: TSCO) was released for Sep, 2022. According to the Specialty Retail Company, earnings per share came in at $2.1, beating analysts’ expectations of $2.07 by 0.03. This compares to $1.95 EPS in the same period last year. The net profit margin was 7.70% and return on equity was 54.40% for TSCO. The company reported revenue of $3.27 billion for the quarter, compared to $3.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.38 percent. For the current quarter, analysts expect TSCO to generate $3.88B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/06/2022. Investors who held shares on 11/21/2022 were paid a $0.92 dividend. On an annualized basis, this represents a $3.68 dividend and a 1.65% percent yield. There was an ex-dividend date of 11/18/2022 for this dividend. In terms of dividend payout ratio, TSCO is presently at 35.40%.
Tractor Supply Company(TSCO) Company Profile
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. It provides its products under the 4health, Producer’s Pride, American Farmworks, Red Shed, Bit & Bridle, Redstone, Blue Mountain, Retriever, C.E. Schmidt, Ridgecut, Countyline, Royal Wing, Dumor, Strive, Groundwork, Traveller, Huskee, Treeline, JobSmart, TSC Tractor Supply Co, Paws & Claws, and Untamed brands. As of June 25, 2022, it operated 2,016 Tractor Supply stores in 49 states; and 178 Petsense stores in 23 states. The company operates its retail stores under the Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense names; and operates websites under the TractorSupply.com and Petsense.com names. It sells its products to recreational farmers, ranchers, and others. The company was founded in 1938 and is based in Brentwood, Tennessee.