Tractor Supply Company (NASDAQ:TSCO) – Research analysts at Oppenheimer Holdings lowered their Q4 2017 earnings per share estimates for Tractor Supply in a note issued to investors on Thursday, Zacks Investment Research reports. Oppenheimer Holdings analyst B. Nagel now forecasts that the specialty retailer will post earnings per share of $0.84 for the quarter, down from their prior estimate of $0.86. Oppenheimer Holdings currently has a “Hold” rating on the stock.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the firm posted $0.67 EPS. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year.
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A number of other equities analysts have also commented on TSCO. Robert W. Baird restated a “buy” rating and set a $66.00 price objective on shares of Tractor Supply in a research note on Friday. KeyCorp reiterated a “hold” rating on shares of Tractor Supply in a research note on Friday. Piper Jaffray Companies reiterated a “hold” rating and issued a $57.00 price target on shares of Tractor Supply in a research note on Friday, September 29th. BMO Capital Markets reiterated a “hold” rating and issued a $61.00 price target on shares of Tractor Supply in a research note on Thursday, November 2nd. Finally, Zacks Investment Research upgraded Tractor Supply from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Fifteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $68.63.
Tractor Supply (NASDAQ TSCO) traded up $0.79 during trading on Friday, reaching $62.67. The company’s stock had a trading volume of 3,016,000 shares, compared to its average volume of 2,483,807. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $78.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 2.00. The company has a market cap of $7,869.10, a price-to-earnings ratio of 18.60, a PEG ratio of 1.37 and a beta of 1.29.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Global X MANAGEMENT CO LLC grew its holdings in shares of Tractor Supply by 191.7% in the third quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 1,173 shares in the last quarter. Commonwealth Bank of Australia grew its holdings in shares of Tractor Supply by 15.4% in the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 317 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Tractor Supply in the second quarter valued at approximately $139,000. Bristlecone Advisors LLC bought a new position in shares of Tractor Supply in the third quarter valued at approximately $173,000. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in shares of Tractor Supply by 33.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock valued at $180,000 after acquiring an additional 828 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Friday, November 17th. Tractor Supply’s dividend payout ratio is currently 32.05%.
About Tractor Supply
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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