In yesterday’s Wall Street session, Tractor Supply Co (NASDAQ:TSCO) shares traded at $57.47, up 1.04% from the previous session.
TSCO stock price is now 4.01% away from the 50-day moving average and 5.05% away from the 200-day moving average. The market capitalization of the company currently stands at $31.00B.
With the price target enhanced from $54 to $60, Mizuho Upgraded its rating from Neutral to Outperform for Tractor Supply Co (NASDAQ: TSCO). On October 17, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $300 to quote $335, while ‘Evercore ISI’ rates the stock as ‘In-line’
In other news, Barton Kurt D, EVP Chief Financial Officer sold 23,532 shares of the company’s stock on Oct 01 ’24. The stock was sold for $6,956,923 at an average price of $295.64. Upon completion of the transaction, the EVP Chief Financial Officer now directly owns 9,683 shares in the company, valued at $0.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 01 ’24, Officer Barton Kurt D bought 23,532 shares of the business’s stock. A total of $6,956,918 was incurred on buying the stock at an average price of $295.64. A total of 0.29% of the company’s stock is owned by insiders.
During the past 12 months, Tractor Supply Co has had a low of $44.35 and a high of $61.53. As of last week, the company has a debt-to-equity ratio of 2.33, a current ratio of 1.48, and a quick ratio of 0.17. According to the stock market information, the enterprise value for the company is $11287425024, which is based on a 27.97 price-to-earnings ratio, a 4.30 price-to-earnings-growth ratio, and a beta of 0.84. The fifty day moving average price for TSCO is $55.25424 and a two-hundred day moving average price translates $54.70811 for the stock.
The latest earnings results from Tractor Supply Co (NASDAQ: TSCO) was released for 2024-09-28. The net profit margin was 7.53% and return on equity was 50.58% for TSCO. The company reported revenue of $3.47 billion for the quarter, compared to $3.41 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.65 percent.
