Tractor Supply (NASDAQ:TSCO – Get Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, July 21st. Analysts expect the company to announce earnings of $3.50 per share for the quarter. Tractor Supply has set its FY 2022 guidance at $9.200-$9.500 EPS and its FY22 guidance at $9.20-9.50 EPS.Parties that wish to listen to the company’s conference call can do so using this link.
Tractor Supply (NASDAQ:TSCO – Get Rating) last released its earnings results on Thursday, April 21st. The specialty retailer reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.25. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.92 billion. Tractor Supply had a return on equity of 51.48% and a net margin of 7.74%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 earnings per share. On average, analysts expect Tractor Supply to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.
TSCO opened at $197.53 on Thursday. The company has a market capitalization of $22.10 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 2.12 and a beta of 0.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.44 and a quick ratio of 0.27. Tractor Supply has a 1-year low of $166.49 and a 1-year high of $241.54. The business has a 50 day moving average price of $194.55 and a two-hundred day moving average price of $212.19.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 8th. Shareholders of record on Wednesday, May 25th were given a $0.92 dividend. The ex-dividend date of this dividend was Tuesday, May 24th. This represents a $3.68 dividend on an annualized basis and a yield of 1.86%. Tractor Supply’s dividend payout ratio (DPR) is 42.20%.
In other news, Director Cynthia T. Jamison sold 5,200 shares of Tractor Supply stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $195.10, for a total transaction of $1,014,520.00. Following the transaction, the director now directly owns 24,280 shares of the company’s stock, valued at $4,737,028. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its position in Tractor Supply by 9.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 70,025 shares of the specialty retailer’s stock valued at $16,342,000 after acquiring an additional 6,201 shares in the last quarter. Wealthfront Advisers LLC lifted its position in Tractor Supply by 97.7% in the 1st quarter. Wealthfront Advisers LLC now owns 26,779 shares of the specialty retailer’s stock valued at $6,250,000 after acquiring an additional 13,235 shares in the last quarter. Virtu Financial LLC bought a new stake in Tractor Supply in the 1st quarter valued at $416,000. Mirabella Financial Services LLP bought a new stake in Tractor Supply in the 1st quarter valued at $342,000. Finally, Alyeska Investment Group L.P. bought a new stake in Tractor Supply during the 1st quarter worth about $4,021,000. 83.17% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on TSCO shares. Truist Financial cut their price objective on Tractor Supply from $266.00 to $246.00 and set a “buy” rating for the company in a research report on Wednesday, July 6th. Robert W. Baird reaffirmed a “buy” rating and issued a $250.00 price target on shares of Tractor Supply in a research note on Thursday, April 14th. Citigroup increased their target price on shares of Tractor Supply from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, April 22nd. Gordon Haskett downgraded shares of Tractor Supply from a “buy” rating to an “accumulate” rating in a research report on Friday, May 6th. Finally, Bank of America raised Tractor Supply from a “neutral” rating to a “buy” rating and raised their price target for the company from $250.00 to $260.00 in a research report on Tuesday, June 14th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $241.72.
About Tractor Supply (Get Rating)
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.