Tractor Supply (NASDAQ:TSCO) has received an average rating of “Hold” from the twenty-seven analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $71.53.
TSCO has been the subject of several research analyst reports. BidaskClub cut shares of Tractor Supply from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. TheStreet raised shares of Tractor Supply from a “c+” rating to a “b-” rating in a research report on Monday, May 21st. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $85.00 target price (up from $78.00) on shares of Tractor Supply in a research report on Tuesday, May 22nd. Wells Fargo & Co reaffirmed a “buy” rating on shares of Tractor Supply in a research report on Thursday, May 3rd. Finally, ValuEngine raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP lifted its position in Tractor Supply by 1.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,648,477 shares of the specialty retailer’s stock valued at $123,224,000 after acquiring an additional 25,613 shares during the period. Covington Capital Management lifted its position in Tractor Supply by 47.7% during the 4th quarter. Covington Capital Management now owns 22,309 shares of the specialty retailer’s stock valued at $1,668,000 after acquiring an additional 7,200 shares during the period. Sei Investments Co. lifted its position in Tractor Supply by 23.4% during the 4th quarter. Sei Investments Co. now owns 83,162 shares of the specialty retailer’s stock valued at $6,216,000 after acquiring an additional 15,747 shares during the period. Ontario Teachers Pension Plan Board lifted its position in Tractor Supply by 93.7% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 38,512 shares of the specialty retailer’s stock valued at $2,879,000 after acquiring an additional 18,625 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new position in Tractor Supply during the 4th quarter valued at about $852,000. 80.67% of the stock is owned by institutional investors.
Shares of Tractor Supply opened at $74.40 on Thursday, Marketbeat reports. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 1.38 and a beta of 1.28. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $82.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.22 and a current ratio of 1.96.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, April 26th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Tractor Supply had a net margin of 5.88% and a return on equity of 31.99%. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS. research analysts expect that Tractor Supply will post 4.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 12th. Investors of record on Tuesday, May 29th were given a dividend of $0.31 per share. This is a boost from Tractor Supply’s previous quarterly dividend of $0.27. This represents a $1.24 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Friday, May 25th. Tractor Supply’s dividend payout ratio (DPR) is 37.24%.
Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores 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.