Tractor Supply (NASDAQ:TSCO – Get Free Report) has been assigned an average rating of “Moderate Buy” from the twenty-seven ratings firms that are presently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $234.42.
TSCO has been the topic of a number of recent research reports. Benchmark restated a “buy” rating and issued a $256.00 target price on shares of Tractor Supply in a research note on Monday, July 24th. UBS Group lowered their target price on Tractor Supply from $247.00 to $230.00 and set a “neutral” rating on the stock in a research note on Friday, July 28th. Gordon Haskett downgraded Tractor Supply from a “buy” rating to an “accumulate” rating and set a $215.00 target price on the stock. in a research note on Wednesday, September 27th. JPMorgan Chase & Co. lowered their target price on Tractor Supply from $218.00 to $208.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 18th. Finally, Barclays lowered their target price on Tractor Supply from $224.00 to $212.00 and set an “equal weight” rating on the stock in a research note on Monday, October 23rd.
Hedge Funds Weigh In On Tractor Supply
Tractor Supply Stock Performance
Shares of TSCO stock opened at $203.06 on Friday. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $251.17. The company has a current ratio of 1.52, a quick ratio of 0.30 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $21.95 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 2.84 and a beta of 0.85. The stock’s fifty day simple moving average is $202.97 and its 200-day simple moving average is $214.84.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last issued its quarterly earnings results on Thursday, October 26th. The specialty retailer reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.06. Tractor Supply had a return on equity of 55.43% and a net margin of 7.58%. The business had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.46 billion. On average, sell-side analysts predict that Tractor Supply will post 10.04 earnings per share for the current fiscal year.
Tractor Supply Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Monday, November 27th will be issued a $1.03 dividend. The ex-dividend date is Friday, November 24th. This represents a $4.12 annualized dividend and a yield of 2.03%. Tractor Supply’s dividend payout ratio (DPR) is 40.23%.
Tractor Supply Company Profile
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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