Tractor Supply Company (NASDAQ:TSCO) was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating in a report issued on Wednesday. They presently have a $65.00 price target on the stock. Stephens’ target price points to a potential upside of 0.60% from the company’s current price.
Several other brokerages also recently issued reports on TSCO. Wedbush restated an “outperform” rating and issued a $85.00 price objective on shares of Tractor Supply Company in a research note on Sunday, February 5th. Oppenheimer Holdings Inc. restated an “outperform” rating on shares of Tractor Supply Company in a research note on Tuesday, December 20th. Zacks Investment Research downgraded shares of Tractor Supply Company from a “buy” rating to a “hold” rating in a research note on Tuesday, January 3rd. TheStreet upgraded shares of Tractor Supply Company from a “c+” rating to a “b” rating in a research note on Friday, March 17th. Finally, Instinet restated a “buy” rating and issued a $85.00 price objective on shares of Tractor Supply Company in a research note on Saturday, March 11th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $85.09.
Tractor Supply Company (NASDAQ:TSCO) traded down 1.18% during trading on Wednesday, hitting $63.85. 2,674,630 shares of the stock traded hands. The stock has a market cap of $8.35 billion, a PE ratio of 19.53 and a beta of 1.24. Tractor Supply Company has a one year low of $61.50 and a one year high of $97.25. The company has a 50-day moving average price of $70.33 and a 200 day moving average price of $71.59. Tractor Supply Company also was the target of unusually large options trading activity on Monday. Investors purchased 2,637 put options on the stock. This represents an increase of approximately 373% compared to the typical daily volume of 557 put options.
Tractor Supply Company (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, February 1st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.02. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.87 billion. Tractor Supply Company had a net margin of 6.45% and a return on equity of 30.29%. Tractor Supply Company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the company posted $0.82 earnings per share. Analysts expect that Tractor Supply Company will post $3.50 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 14th. Shareholders of record on Monday, February 27th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, February 23rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.49%. Tractor Supply Company’s payout ratio is presently 29.36%.
In other Tractor Supply Company news, CMO Steve K. Barbarick sold 15,014 shares of Tractor Supply Company stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $72.59, for a total transaction of $1,089,866.26. Following the completion of the transaction, the chief marketing officer now directly owns 65,450 shares of the company’s stock, valued at $4,751,015.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Edna Morris sold 1,413 shares of Tractor Supply Company stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $72.88, for a total value of $102,979.44. Following the transaction, the director now directly owns 54,783 shares of the company’s stock, valued at $3,992,585.04. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSCO. Elgethun Capital Management acquired a new position in Tractor Supply Company during the fourth quarter worth about $197,000. Conning Inc. boosted its position in Tractor Supply Company by 1.0% in the third quarter. Conning Inc. now owns 2,990 shares of the company’s stock worth $201,000 after buying an additional 30 shares in the last quarter. Dynamic Advisors Solutions LLC boosted its position in Tractor Supply Company by 3.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 3,065 shares of the company’s stock worth $211,000 after buying an additional 100 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new position in Tractor Supply Company during the third quarter worth about $236,000. Finally, Gideon Capital Advisors Inc. acquired a new position in Tractor Supply Company during the fourth quarter worth about $290,000. 86.37% of the stock is owned by institutional investors and hedge funds.
About Tractor Supply Company
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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