Tractor Supply Co. (TSCO) Sets New 1-Year Low at $67.72
Tractor Supply Co. (NASDAQ:TSCO) reached a new 52-week low during trading on Monday . The stock traded as low as $67.72 and last traded at $67.81, with a volume of 743,195 shares changing hands. The stock had previously closed at $68.15.
Several equities research analysts have issued reports on the company. Oppenheimer Holdings Inc. raised their price target on Tractor Supply from $92.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, June 10th. BTIG Research assumed coverage on Tractor Supply in a report on Wednesday, June 1st. They set a “buy” rating and a $115.00 price target for the company. Zacks Investment Research downgraded Tractor Supply from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Royal Bank Of Canada downgraded Tractor Supply from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $100.00 to $79.00 in a report on Thursday, September 8th. Finally, Credit Suisse Group AG reaffirmed an “overweight” rating and set a $96.00 price target (down previously from $100.00) on shares of Tractor Supply in a report on Friday, July 1st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $91.21.
The company has a market cap of $9.03 billion, a P/E ratio of 21.67 and a beta of 1.04. The company has a 50-day moving average price of $81.20 and a 200 day moving average price of $89.32.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.16. Tractor Supply had a return on equity of 30.30% and a net margin of 6.57%. The business earned $1.85 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. Tractor Supply’s revenue was up 4.5% compared to the same quarter last year. On average, equities analysts expect that Tractor Supply Co. will post $3.24 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 30th. Investors of record on Monday, August 15th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.96 annualized dividend and a yield of 1.42%. Tractor Supply’s dividend payout ratio (DPR) is currently 30.77%.
A number of large investors have recently made changes to their positions in TSCO. Hanson McClain Inc. bought a new stake in shares of Tractor Supply during the second quarter valued at about $104,000. BlueMountain Capital Management LLC bought a new stake in shares of Tractor Supply during the second quarter valued at about $111,000. Seven Eight Capital LLC bought a new stake in shares of Tractor Supply during the first quarter valued at about $123,000. Mizuho Asset Management Co. Ltd. increased its stake in shares of Tractor Supply by 95.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,693 shares of the company’s stock valued at $154,000 after buying an additional 826 shares during the period. Finally, Turner Investments L.P. bought a new stake in shares of Tractor Supply during the second quarter valued at about $205,000. Institutional investors and hedge funds own 91.59% 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 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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