Shares of Tractor Supply (NASDAQ:TSCO - Get Free Report) traded down 4.6% on Tuesday . The stock traded as low as $264.28 and last traded at $264.57. 380,691 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 1,129,918 shares. The stock had previously closed at $277.37.
Analyst Ratings Changes
A number of research firms recently commented on TSCO. Mizuho reaffirmed a "neutral" rating and issued a $250.00 price objective (up from $245.00) on shares of Tractor Supply in a research note on Friday, April 26th. Truist Financial increased their price objective on shares of Tractor Supply from $277.00 to $289.00 and gave the stock a "buy" rating in a research report on Friday, April 26th. Wedbush reissued a "neutral" rating and set a $235.00 target price on shares of Tractor Supply in a research note on Tuesday, April 23rd. Evercore ISI upped their price target on shares of Tractor Supply from $290.00 to $295.00 and gave the company an "outperform" rating in a research report on Thursday, June 20th. Finally, Wells Fargo & Company lifted their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an "overweight" rating in a research report on Monday, March 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $254.17.
View Our Latest Report on Tractor Supply
Tractor Supply Trading Down 4.6 %
The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. The firm has a market capitalization of $28.52 billion, a P/E ratio of 25.76, a PEG ratio of 3.66 and a beta of 0.83. The firm has a 50 day simple moving average of $273.77 and a two-hundred day simple moving average of $249.56.
Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the prior year, the firm posted $1.65 EPS. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. Equities research analysts forecast that Tractor Supply will post 10.34 earnings per share for the current year.
Tractor Supply Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were given a $1.10 dividend. The ex-dividend date was Friday, May 24th. This represents a $4.40 annualized dividend and a yield of 1.66%. Tractor Supply's dividend payout ratio is currently 42.84%.
Institutional Investors Weigh In On Tractor Supply
Hedge funds have recently made changes to their positions in the business. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply in the first quarter worth about $26,000. Private Wealth Management Group LLC bought a new position in Tractor Supply during the fourth quarter valued at $27,000. Pinnacle Bancorp Inc. purchased a new stake in Tractor Supply in the fourth quarter worth $28,000. Rise Advisors LLC raised its stake in shares of Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer's stock valued at $28,000 after buying an additional 66 shares during the period. Finally, LRI Investments LLC purchased a new position in shares of Tractor Supply during the 1st quarter valued at $28,000. 98.72% of the stock is currently owned by institutional investors.
About Tractor Supply
(Get Free Report)
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.
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