Tractor Supply (NASDAQ:TSCO) – Equities researchers at Oppenheimer upped their FY2021 earnings estimates for Tractor Supply in a report issued on Wednesday, November 3rd. Oppenheimer analyst B. Nagel now forecasts that the specialty retailer will post earnings per share of $8.44 for the year, up from their prior forecast of $7.80. Oppenheimer also issued estimates for Tractor Supply’s Q4 2021 earnings at $1.76 EPS.
Several other equities research analysts also recently commented on TSCO. Wells Fargo & Company lifted their target price on shares of Tractor Supply from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, October 15th. Citigroup lifted their price objective on shares of Tractor Supply from $185.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, October 22nd. Benchmark began coverage on shares of Tractor Supply in a research note on Tuesday, August 3rd. They issued a “buy” rating and a $219.00 price objective for the company. Raymond James boosted their price target on shares of Tractor Supply from $215.00 to $245.00 and gave the company a “strong-buy” rating in a research note on Friday, October 22nd. Finally, Telsey Advisory Group boosted their price target on shares of Tractor Supply from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, October 22nd. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $215.48.
TSCO opened at $220.05 on Monday. The company’s 50 day moving average is $204.16 and its 200-day moving average is $192.54. Tractor Supply has a 1-year low of $127.78 and a 1-year high of $220.46. The company has a current ratio of 1.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.50. The company has a market cap of $25.16 billion, a P/E ratio of 28.07, a PEG ratio of 2.64 and a beta of 0.94. Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, October 20th. The specialty retailer reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.29. Tractor Supply had a net margin of 7.42% and a return on equity of 49.84%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period last year, the firm earned $1.62 earnings per share. Tractor Supply’s revenue for the quarter was up 15.8% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 8th. Stockholders of record on Monday, November 22nd will be issued a dividend of $0.52 per share. The ex-dividend date is Friday, November 19th. This represents a $2.08 annualized dividend and a dividend yield of 0.95%. Tractor Supply’s payout ratio is presently 30.28%.
In related news, EVP Melissa Kersey sold 850 shares of Tractor Supply stock in a transaction dated Tuesday, October 26th. The stock was sold at an average price of $210.01, for a total value of $178,508.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Jonathan S. Estep sold 3,786 shares of Tractor Supply stock in a transaction dated Friday, August 20th. The stock was sold at an average price of $198.00, for a total value of $749,628.00. Following the completion of the sale, the chief marketing officer now owns 9,455 shares of the company’s stock, valued at $1,872,090. The disclosure for this sale can be found here. Insiders have sold 39,436 shares of company stock valued at $8,181,881 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thomasville National Bank boosted its position in Tractor Supply by 2.7% in the third quarter. Thomasville National Bank now owns 2,003 shares of the specialty retailer’s stock worth $406,000 after purchasing an additional 53 shares during the last quarter. Liberty Capital Management Inc. boosted its position in Tractor Supply by 1.1% in the third quarter. Liberty Capital Management Inc. now owns 4,905 shares of the specialty retailer’s stock worth $994,000 after purchasing an additional 55 shares during the last quarter. Knowledge Leaders Capital LLC boosted its position in Tractor Supply by 0.6% in the third quarter. Knowledge Leaders Capital LLC now owns 10,462 shares of the specialty retailer’s stock worth $2,120,000 after purchasing an additional 58 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Tractor Supply by 4.3% in the second quarter. Meeder Asset Management Inc. now owns 1,479 shares of the specialty retailer’s stock worth $275,000 after purchasing an additional 61 shares during the last quarter. Finally, WD Rutherford LLC boosted its position in Tractor Supply by 22.4% in the second quarter. WD Rutherford LLC now owns 355 shares of the specialty retailer’s stock worth $66,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 85.51% of the company’s stock.
Tractor Supply Company Profile
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.