Tractor Supply (NASDAQ:TSCO) - Research analysts at Piper Sandler cut their Q4 2022 earnings per share estimates for Tractor Supply in a research report issued to clients and investors on Monday, July 19th. Piper Sandler analyst P. Keith now expects that the specialty retailer will earn $1.91 per share for the quarter, down from their prior forecast of $1.94. Piper Sandler currently has a "Overweight" rating and a $218.00 target price on the stock. Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Sunday, July 18th. The specialty retailer reported $3.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $2.94 by $0.25. Tractor Supply had a return on equity of 49.64% and a net margin of 7.39%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same period in the previous year, the firm earned $2.90 earnings per share. The company's revenue was up 13.4% compared to the same quarter last year.
A number of other brokerages have also weighed in on TSCO. Loop Capital upped their target price on Tractor Supply from $150.00 to $190.00 and gave the stock a "hold" rating in a research report on Friday, April 23rd. upped their target price on Tractor Supply from $158.00 to $194.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 4th. Northcoast Research raised Tractor Supply from a "neutral" rating to a "buy" rating and set a $220.00 target price on the stock in a research report on Thursday, July 1st. Credit Suisse Group upped their price target on Tractor Supply from $180.00 to $190.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, Telsey Advisory Group upped their price target on Tractor Supply from $205.00 to $213.00 and gave the stock an "outperform" rating in a report on Friday, July 16th. Twelve investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of "Hold" and a consensus price target of $189.52.
Shares of NASDAQ:TSCO opened at $181.15 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.71 and a quick ratio of 0.66. Tractor Supply has a twelve month low of $127.78 and a twelve month high of $200.75. The stock's 50 day moving average price is $182.99. The firm has a market capitalization of $20.88 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 8th. Stockholders of record on Monday, May 24th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 21st. This represents a $2.08 annualized dividend and a dividend yield of 1.15%. Tractor Supply's payout ratio is 30.28%.
In other news, EVP Colin Yankee sold 3,586 shares of the stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $189.94, for a total transaction of $681,124.84. Following the completion of the transaction, the executive vice president now owns 9,590 shares in the company, valued at approximately $1,821,524.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Christi C. Korzekwa sold 8,836 shares of the stock in a transaction on Monday, May 10th. The stock was sold at an average price of $200.03, for a total value of $1,767,465.08. Following the transaction, the senior vice president now owns 16,391 shares of the company's stock, valued at approximately $3,278,691.73. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Wagner Wealth Management LLC purchased a new stake in Tractor Supply during the 1st quarter worth about $27,000. Jackson Grant Investment Advisers Inc. purchased a new stake in Tractor Supply during the 1st quarter worth about $33,000. E Fund Management Co. Ltd. purchased a new stake in Tractor Supply during the 1st quarter worth about $36,000. Carroll Financial Associates Inc. lifted its holdings in Tractor Supply by 212.3% during the 1st quarter. Carroll Financial Associates Inc. now owns 228 shares of the specialty retailer's stock worth $40,000 after purchasing an additional 155 shares in the last quarter. Finally, Vigilant Capital Management LLC purchased a new stake in Tractor Supply during the 2nd quarter worth about $54,000. Institutional investors own 88.31% of the company's stock.
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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