Tractor Supply Co. (NASDAQ:TSCO)‘s stock had its “outperform” rating reiterated by equities research analysts at Oppenheimer Holdings Inc. in a report released on Monday. They currently have a $80.00 target price on the stock, down from their previous target price of $110.00. Oppenheimer Holdings Inc.’s price target suggests a potential upside of 17.03% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. BTIG Research started coverage on shares of Tractor Supply in a report on Wednesday, June 1st. They issued a “buy” rating and a $115.00 target price on the stock. Zacks Investment Research lowered shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Friday, July 1st. Royal Bank Of Canada lowered shares of Tractor Supply from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $100.00 to $79.00 in a research note on Thursday, September 8th. Credit Suisse Group AG reiterated an “overweight” rating and issued a $96.00 price target (down previously from $100.00) on shares of Tractor Supply in a research note on Friday, July 1st. Finally, Raymond James Financial Inc. reiterated a “strong-buy” rating and issued a $110.00 price target on shares of Tractor Supply in a research note on Friday, July 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $89.63.
Shares of Tractor Supply (NASDAQ:TSCO) traded down 0.19% during midday trading on Monday, hitting $68.23. The stock had a trading volume of 223,522 shares. The company’s 50 day moving average price is $79.40 and its 200-day moving average price is $88.89. The firm has a market capitalization of $9.12 billion, a PE ratio of 21.88 and a beta of 1.04. Tractor Supply has a 1-year low of $66.77 and a 1-year high of $97.25.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.16. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. Tractor Supply’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 EPS. Equities analysts predict that Tractor Supply will post $3.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 30th. Investors of record on Monday, August 15th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, August 11th. Tractor Supply’s payout ratio is 30.77%.
Institutional investors have recently modified their holdings of the stock. Argent Trust Co increased its position in Tractor Supply by 0.5% in the second quarter. Argent Trust Co now owns 3,991 shares of the company’s stock valued at $364,000 after buying an additional 19 shares during the last quarter. FDx Advisors Inc. increased its position in Tractor Supply by 2.4% in the second quarter. FDx Advisors Inc. now owns 2,816 shares of the company’s stock valued at $257,000 after buying an additional 65 shares during the last quarter. Optimum Investment Advisors increased its position in Tractor Supply by 1.4% in the second quarter. Optimum Investment Advisors now owns 5,850 shares of the company’s stock valued at $533,000 after buying an additional 80 shares during the last quarter. Glenmede Trust Co. NA increased its position in Tractor Supply by 2.8% in the second quarter. Glenmede Trust Co. NA now owns 3,162 shares of the company’s stock valued at $287,000 after buying an additional 85 shares during the last quarter. Finally, World Asset Management Inc increased its position in Tractor Supply by 0.7% in the second quarter. World Asset Management Inc now owns 13,126 shares of the company’s stock valued at $1,197,000 after buying an additional 88 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.
About Tractor Supply
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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