Tractor Supply (TSCO) Scheduled to Post Earnings on Thursday

Tractor Supply (NASDAQ:TSCO – Get Rating) is scheduled to release its earnings data before the market opens on Thursday, January 26th. Analysts expect Tractor Supply to post earnings of $2.34 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Tractor Supply Price Performance

Tractor Supply stock opened at $214.86 on Wednesday. The firm has a market cap of $23.73 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 1.99 and a beta of 0.87. Tractor Supply has a 52-week low of $166.49 and a 52-week high of $241.54. The company has a quick ratio of 0.21, a current ratio of 1.48 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $218.95 and its two-hundred day moving average is $205.54.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 6th. Shareholders of record on Monday, November 21st were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, November 18th. This represents a $3.68 dividend on an annualized basis and a yield of 1.71%. Tractor Supply’s dividend payout ratio (DPR) is presently 39.96%.

Analysts Set New Price Targets

A number of research firms have issued reports on TSCO. Morgan Stanley reduced their target price on shares of Tractor Supply from $225.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, October 21st. UBS Group raised their price objective on shares of Tractor Supply from $215.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, January 6th. JPMorgan Chase & Co. reduced their price objective on shares of Tractor Supply from $224.00 to $219.00 and set a “neutral” rating on the stock in a report on Friday, October 21st. The Goldman Sachs Group raised their price objective on shares of Tractor Supply from $213.00 to $238.00 and gave the company a “buy” rating in a report on Monday, December 12th. Finally, MKM Partners raised their price objective on shares of Tractor Supply from $230.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, January 19th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tractor Supply presently has an average rating of “Moderate Buy” and an average target price of $239.67.

Insider Buying and Selling

In related news, Director Edna Morris sold 3,566 shares of Tractor Supply stock in a transaction on Friday, October 28th. The shares were sold at an average price of $217.27, for a total transaction of $774,784.82. Following the sale, the director now directly owns 2,713 shares in the company, valued at approximately $589,453.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Tractor Supply news, Director Edna Morris sold 3,566 shares of the firm’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $217.27, for a total transaction of $774,784.82. Following the transaction, the director now directly owns 2,713 shares of the company’s stock, valued at approximately $589,453.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Melissa Kersey sold 4,921 shares of the firm’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $221.19, for a total transaction of $1,088,475.99. Following the transaction, the executive vice president now directly owns 4,573 shares in the company, valued at $1,011,501.87. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

Institutional Trading of Tractor Supply

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Tractor Supply by 0.4% in the first quarter. Vanguard Group Inc. now owns 12,833,541 shares of the specialty retailer’s stock valued at $2,994,964,000 after acquiring an additional 46,672 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Tractor Supply by 0.5% in the first quarter. Northern Trust Corp now owns 1,332,075 shares of the specialty retailer’s stock valued at $310,867,000 after acquiring an additional 6,889 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Tractor Supply by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 562,008 shares of the specialty retailer’s stock valued at $131,156,000 after acquiring an additional 15,389 shares in the last quarter. Eaton Vance Management boosted its holdings in shares of Tractor Supply by 8.7% in the first quarter. Eaton Vance Management now owns 441,537 shares of the specialty retailer’s stock valued at $103,042,000 after acquiring an additional 35,399 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Tractor Supply by 5.7% in the second quarter. Goldman Sachs Group Inc. now owns 429,110 shares of the specialty retailer’s stock valued at $83,183,000 after acquiring an additional 23,016 shares in the last quarter. Hedge funds and other institutional investors own 84.13% of the company’s stock.

About Tractor Supply

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Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.