The price of Tractor Supply Company (NASDAQ:TSCO) shares last traded on Wall Street rose 4.23% to $223.59.
Based on available information, 33 analysts follow Tractor Supply Company (NASDAQ:TSCO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $280.00 and a low of $218.00, we find $252.00. Given the previous closing price of $214.52, this indicates a potential upside of 17.47 percent. TSCO stock price is now 2.64% away from the 50-day moving average and 0.30% away from the 200-day moving average. The market capitalization of the company currently stands at $24.35B.
Among analysts, 12 rate the stock a hold while 18 rate it a buy. Brokers who have rated the stock have averaged $249.48 as their price target over the next twelve months.
With the price target reduced from $270 to $226, BofA Securities Downgraded its rating from Buy to Neutral for Tractor Supply Company (NASDAQ: TSCO).
In other news, Estep Jonathan S, EVP – CMO sold 12,074 shares of the company’s stock on May 17. The stock was sold for $2,731,139 at an average price of $226.20. Upon completion of the transaction, the EVP – CMO now directly owns 7,972 shares in the company, valued at $1.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17, EVP – CMO Estep Jonathan S sold 164 shares of the business’s stock. A total of $37,097 was realized by selling the stock at an average price of $226.20. This leaves the insider owning 63 shares of the company worth $14086.17. Insiders disposed of 157,936 shares of company stock worth roughly $35.31 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 CAPITAL INTERNATIONAL INVESTORS during the first quarter worth $418,737,000. FINDLAY PARK PARTNERS LLP invested $61,403,000 in shares of TSCO during the first quarter. In the first quarter, FRONTIER CAPITAL MANAGEMENT CO LLC acquired a new stake in Tractor Supply Company valued at approximately $41,075,000. CAPITAL GROUP PRIVATE CLIENT SERVICES, INC. acquired a new stake in TSCO for approximately $21,996,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in TSCO valued at around $13,066,000 in the second quarter. In total, there are 1,448 active investors with 88.70% ownership of the company’s stock.
A candlestick chart of Tractor Supply Company (NASDAQ: TSCO) showed a price of $217.63 on Thursday morning. During the past 12 months, Tractor Supply Company has had a low of $181.40 and a high of $251.17. As of last week, the company has a debt-to-equity ratio of 0.86, a current ratio of 1.50, and a quick ratio of 0.20. According to the stock market information, the enterprise value for the company is $28.72B, which is based on a 23.01 price-to-earnings ratio, a 2.62 price-to-earnings-growth ratio, and a beta of 0.81. The fifty day moving average price for TSCO is $217.67 and a two-hundred day moving average price translates $223.07 for the stock.
The latest earnings results from Tractor Supply Company (NASDAQ: TSCO) was released for Mar, 2023. According to the Specialty Retail Company, earnings per share came in at $1.65, missing analysts’ expectations of $1.71 by -0.06. This compares to $1.65 EPS in the same period last year. The net profit margin was 7.50% and return on equity was 55.50% for TSCO. The company reported revenue of $3.3 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 9.1 percent. For the current quarter, analysts expect TSCO to generate $4.26B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/13/2023. Investors who held shares on 05/30/2023 were paid a $1.03 dividend. On an annualized basis, this represents a $4.12 dividend and a 1.84% percent yield. There was an ex-dividend date of 05/26/2023 for this dividend. In terms of dividend payout ratio, TSCO is presently at 38.70%.
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. The company operates its retail stores under the Tractor Supply Company, Orscheln Farm and Home, 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.
