Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Tractor Supply (TSCO) Stock Price
Headlines about Tractor Supply (NASDAQ:TSCO) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tractor Supply earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the specialty retailer an impact score of 46.4778412780585 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern’s analysis:
- Investors Buy Large Volume of Tractor Supply Put Options (TSCO) (americanbankingnews.com)
- Tractor Supply Company (TSCO) Price Target Increased to $57.00 by Analysts at Morgan Stanley (americanbankingnews.com)
- Earnings Review and Free Research Report: Tractor Supply’s Revenue Jumped 11.6%; EPS Advanced 7.5% (finance.yahoo.com)
- Hot Stock under Review: Tractor Supply Company (NASDAQ: TSCO) – Alpha Beta Stock (alphabetastock.com)
- Tractor Supply Keeps on Creating Value for Shareholders (finance.yahoo.com)
Shares of Tractor Supply (NASDAQ:TSCO) opened at $64.50 on Friday. The firm has a market cap of $8,098.88, a P/E ratio of 19.14, a PEG ratio of 1.40 and a beta of 1.29. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 2.00. Tractor Supply has a fifty-two week low of $49.87 and a fifty-two week high of $78.25.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.68 billion. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. Tractor Supply’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 earnings per share. equities research analysts forecast that Tractor Supply will post 3.28 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Monday, November 20th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Friday, November 17th. Tractor Supply’s dividend payout ratio is currently 32.05%.
Several equities research analysts recently weighed in on TSCO shares. Barclays PLC reiterated an “overweight” rating and issued a $70.00 target price (down previously from $90.00) on shares of Tractor Supply in a research note on Saturday, July 22nd. Piper Jaffray Companies set a $55.00 target price on shares of Tractor Supply and gave the company a “hold” rating in a research note on Tuesday, July 25th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Tractor Supply in a research note on Thursday, July 27th. Guggenheim reiterated a “buy” rating and issued a $70.00 target price (down previously from $80.00) on shares of Tractor Supply in a research note on Thursday, July 27th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $54.00 target price (down previously from $69.00) on shares of Tractor Supply in a research note on Thursday, July 27th. Sixteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $68.05.
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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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