Somewhat Positive News Coverage Somewhat Unlikely to Affect Tractor Supply (TSCO) Stock Price
Media headlines about Tractor Supply (NASDAQ:TSCO) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public 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 0.16 on Accern’s scale. Accern also assigned media coverage about the specialty retailer an impact score of 46.9934784453813 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Benton police investigating armed robbery at Tractor Supply Co. (thv11.com)
- Tractor Supply Co (TSCO) Sees The Tape Move Mid-Market – Evergreen Caller (evergreencaller.com)
- Tractor Supply Company Announces Groundbreaking of Northeast Distribution Center – GlobeNewswire (press release) (globenewswire.com)
- Market Check: Focusing on These Shares: Tractor Supply Co (TSCO) – Berry Recorder (berryrecorder.com)
- Tractor Supply (TSCO) to Build Frankfort Distribution Center – Nasdaq (nasdaq.com)
Tractor Supply (TSCO) traded up 0.56% on Friday, hitting $53.49. 1,613,189 shares of the company’s stock traded hands. The stock has a 50-day moving average of $53.46 and a 200-day moving average of $62.52. Tractor Supply has a one year low of $49.87 and a one year high of $87.10. The stock has a market cap of $6.86 billion, a PE ratio of 16.17 and a beta of 1.32.
Tractor Supply (NASDAQ:TSCO) last released its earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by $0.02. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.16 EPS. On average, equities analysts forecast that Tractor Supply will post $3.25 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, August 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.02%. Tractor Supply’s dividend payout ratio is currently 32.53%.
TSCO has been the subject of several analyst reports. BMO Capital Markets set a $57.00 price objective on Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Deutsche Bank AG restated a “hold” rating and issued a $54.00 price objective (down from $69.00) on shares of Tractor Supply in a research note on Thursday, July 27th. Guggenheim reduced their price objective on Tractor Supply from $80.00 to $77.00 and set a “hold” rating for the company in a research note on Monday, April 17th. Telsey Advisory Group reduced their price objective on Tractor Supply from $83.00 to $62.00 and set an “outperform” rating for the company in a research note on Thursday, July 6th. Finally, Credit Suisse Group set a $54.00 price objective on Tractor Supply and gave the stock a “hold” rating in a research note on Thursday, July 27th. Nineteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $74.91.
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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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