Tractor Supply Company (TSCO) Receives $82.69 Consensus Target Price from Analysts
Shares of Tractor Supply Company (NASDAQ:TSCO) have been given an average rating of “Hold” by the twenty-five brokerages that are presently covering the company. Fifteen research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $82.69.
TSCO has been the topic of a number of analyst reports. Loop Capital initiated coverage on Tractor Supply Company in a research report on Wednesday, January 4th. They set a “hold” rating and a $79.00 price target on the stock. Wedbush reissued an “outperform” rating and set a $85.00 price target on shares of Tractor Supply Company in a research report on Sunday, February 5th. Zacks Investment Research raised Tractor Supply Company from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, January 17th. J P Morgan Chase & Co reissued an “overweight” rating on shares of Tractor Supply Company in a research report on Thursday, December 8th. Finally, Argus downgraded Tractor Supply Company from a “buy” rating to a “hold” rating in a research report on Friday, October 28th.
Shares of Tractor Supply Company (NASDAQ:TSCO) opened at 70.85 on Tuesday. The company has a market cap of $9.29 billion, a P/E ratio of 21.67 and a beta of 1.24. Tractor Supply Company has a 52-week low of $61.50 and a 52-week high of $97.25. The stock’s 50 day moving average price is $74.67 and its 200-day moving average price is $74.39.
Tractor Supply Company (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, February 1st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ 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 return on equity of 30.29% and a net margin of 6.45%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 earnings per share. Equities analysts expect that Tractor Supply Company will post $3.50 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 14th. Stockholders of record on Monday, February 27th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, February 23rd. Tractor Supply Company’s payout ratio is 29.36%.
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In other news, CFO Anthony F. Crudele sold 30,000 shares of the stock in a transaction on Monday, December 12th. The stock was sold at an average price of $76.40, for a total value of $2,292,000.00. Following the completion of the transaction, the chief financial officer now directly owns 85,366 shares in the company, valued at approximately $6,521,962.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Tractor Supply Company by 3.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 17,586,228 shares of the company’s stock worth $1,184,432,000 after buying an additional 592,472 shares during the last quarter. State Street Corp boosted its position in shares of Tractor Supply Company by 4.2% in the fourth quarter. State Street Corp now owns 5,464,616 shares of the company’s stock worth $414,279,000 after buying an additional 218,230 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Tractor Supply Company by 98.5% in the third quarter. Bank of New York Mellon Corp now owns 4,132,049 shares of the company’s stock worth $278,294,000 after buying an additional 2,050,092 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Tractor Supply Company by 74.9% in the fourth quarter. William Blair Investment Management LLC now owns 3,772,193 shares of the company’s stock worth $285,970,000 after buying an additional 1,615,765 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Tractor Supply Company by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,498,192 shares of the company’s stock worth $235,603,000 after buying an additional 33,926 shares during the last quarter. Institutional investors own 86.37% of the company’s stock.
About Tractor Supply Company
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company operates in the retail sale of products that support the rural lifestyle segment. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.
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