BidaskClub downgraded shares of Tractor Supply (NASDAQ:TSCO) from a hold rating to a sell rating in a research note released on Friday.
Other equities research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Tractor Supply from a c+ rating to a b rating in a research report on Wednesday, December 20th. Northcoast Research reiterated a buy rating on shares of Tractor Supply in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Tractor Supply from a hold rating to a buy rating and set a $83.00 price target for the company in a research report on Tuesday, December 26th. Guggenheim restated a buy rating and set a $88.00 price objective on shares of Tractor Supply in a report on Tuesday, January 16th. Finally, Sanford C. Bernstein restated a buy rating on shares of Tractor Supply in a report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $73.10.
Shares of Tractor Supply (NASDAQ TSCO) traded down $0.64 during trading hours on Friday, hitting $59.38. 2,213,455 shares of the stock traded hands, compared to its average volume of 1,636,668. 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 0.31, a quick ratio of 0.24 and a current ratio of 1.95. The firm has a market cap of $7,509.52, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.10 and a beta of 1.27.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the company earned $0.94 EPS. Tractor Supply’s revenue was up 1.9% on a year-over-year basis. sell-side analysts anticipate that Tractor Supply will post 4.1 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s dividend payout ratio (DPR) is presently 32.73%.
In other news, Director Edna Morris sold 1,054 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total value of $70,691.78. Following the completion of the transaction, the director now owns 10,949 shares in the company, valued at $734,349.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. lifted its position in shares of Tractor Supply by 5.3% in the fourth quarter. OppenheimerFunds Inc. now owns 16,438 shares of the specialty retailer’s stock worth $1,229,000 after purchasing an additional 823 shares in the last quarter. Mariner Wealth Advisors LLC lifted its position in shares of Tractor Supply by 3.6% in the fourth quarter. Mariner Wealth Advisors LLC now owns 24,787 shares of the specialty retailer’s stock worth $1,853,000 after purchasing an additional 856 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Tractor Supply by 1.9% in the fourth quarter. Arizona State Retirement System now owns 47,260 shares of the specialty retailer’s stock worth $3,533,000 after purchasing an additional 860 shares in the last quarter. Griffin Asset Management Inc. lifted its position in shares of Tractor Supply by 1.9% in the fourth quarter. Griffin Asset Management Inc. now owns 53,425 shares of the specialty retailer’s stock worth $3,994,000 after purchasing an additional 1,010 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of Tractor Supply by 5.7% in the fourth quarter. Baird Financial Group Inc. now owns 19,288 shares of the specialty retailer’s stock worth $1,442,000 after purchasing an additional 1,043 shares in the last quarter. Institutional investors own 83.25% of the company’s stock.
Tractor Supply Company Profile
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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