Equities analysts expect that Tractor Supply (NASDAQ:TSCO) will post $1.91 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Tractor Supply’s earnings, with estimates ranging from $1.85 billion to $1.99 billion. Tractor Supply reported sales of $1.82 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 4.9%. The company is expected to issue its next earnings report on Thursday, April 23rd.
According to Zacks, analysts expect that Tractor Supply will report full year sales of $8.82 billion for the current year, with estimates ranging from $8.73 billion to $8.93 billion. For the next year, analysts forecast that the firm will report sales of $9.31 billion, with estimates ranging from $8.99 billion to $9.50 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Tractor Supply.
Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, January 30th. The specialty retailer reported $1.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.02). Tractor Supply had a return on equity of 37.09% and a net margin of 6.73%. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the previous year, the company earned $1.11 EPS. Tractor Supply’s quarterly revenue was up 2.7% compared to the same quarter last year.
A number of equities research analysts recently issued reports on TSCO shares. UBS Group dropped their price objective on shares of Tractor Supply from $100.00 to $97.00 and set a “neutral” rating for the company in a report on Friday, January 31st. ValuEngine raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Piper Jaffray Companies set a $113.00 price objective on shares of Tractor Supply and gave the company a “buy” rating in a report on Friday, October 25th. Nomura dropped their price objective on shares of Tractor Supply from $100.00 to $96.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Bank of America raised shares of Tractor Supply from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, January 31st. Ten research 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 stock. The company currently has an average rating of “Buy” and a consensus target price of $108.52.
Tractor Supply stock opened at $98.17 on Friday. The company has a quick ratio of 0.15, a current ratio of 1.43 and a debt-to-equity ratio of 1.53. Tractor Supply has a 52-week low of $88.02 and a 52-week high of $114.25. The company has a fifty day simple moving average of $93.40 and a 200-day simple moving average of $96.31. The firm has a market capitalization of $11.62 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 1.72 and a beta of 1.04.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 24th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a yield of 1.43%. Tractor Supply’s payout ratio is currently 29.91%.
In other Tractor Supply news, EVP Benjamin F. Parrish, Jr. sold 300 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $98.48, for a total value of $29,544.00. Following the transaction, the executive vice president now owns 26,022 shares of the company’s stock, valued at $2,562,646.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Trust N.A. acquired a new stake in Tractor Supply in the fourth quarter valued at approximately $227,000. SG Americas Securities LLC raised its holdings in Tractor Supply by 112.4% in the third quarter. SG Americas Securities LLC now owns 85,628 shares of the specialty retailer’s stock valued at $7,744,000 after acquiring an additional 45,313 shares in the last quarter. First Allied Advisory Services Inc. raised its holdings in Tractor Supply by 3.3% in the third quarter. First Allied Advisory Services Inc. now owns 4,490 shares of the specialty retailer’s stock valued at $405,000 after acquiring an additional 144 shares in the last quarter. Voloridge Investment Management LLC increased its stake in Tractor Supply by 219.2% in the third quarter. Voloridge Investment Management LLC now owns 145,786 shares of the specialty retailer’s stock valued at $13,185,000 after purchasing an additional 100,115 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Tractor Supply by 6.4% in the third quarter. Millennium Management LLC now owns 138,685 shares of the specialty retailer’s stock valued at $12,542,000 after purchasing an additional 8,323 shares during the last quarter. 83.11% of the stock is currently owned by institutional investors and hedge funds.
Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores 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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