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. It provides its products under the 4health, Producer's Pride, American Farmworks, Red Shed, Bit & Bridle, Redstone, Blue Mountain, Retriever, C.E. Schmidt, Ridgecut, Countyline, Royal Wing, Dumor, Strive, Groundwork, Traveller, Huskee, Treeline, JobSmart, TSC Tractor Supply Co, Paws & Claws, and Untamed brands. As of December 25, 2021, it operated 2,003 Tractor Supply stores in 49 states, as well as 177 Petsense stores in 23 states. The company operates its retail stores under the Tractor Supply Company, Del's Feed & Farm Supply, and Petsense names. It also operates websites under the TractorSupply.com and Petsense.com names. The company sells its products to recreational farmers, ranchers, and others. The company was founded in 1938 and is based in Brentwood, Tennessee.
Analyst Ratings Changes
Several research firms recently commented on TSCO. Bank of America upgraded shares of Tractor Supply from a "neutral" rating to a "buy" rating and upped their target price for the company from $250.00 to $260.00 in a research note on Tuesday, June 14th. Piper Sandler set a $253.00 price objective on shares of Tractor Supply in a report on Tuesday, July 19th. Robert W. Baird reissued a "buy" rating and set a $250.00 price objective on shares of Tractor Supply in a report on Thursday, April 14th. Raymond James increased their price objective on shares of Tractor Supply from $245.00 to $255.00 and gave the stock a "strong-buy" rating in a report on Friday, April 22nd. Finally, Morgan Stanley cut their target price on shares of Tractor Supply from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Monday, April 25th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $240.53.
Tractor Supply Stock Up 1.4 %
TSCO Stock traded up $2.60 during mid-day trading on Thursday, hitting $194.90. 965,027 shares of the company were exchanged, compared to its average volume of 1,140,049. The firm has a market cap of $21.63 billion, a P/E ratio of 21.41, a P/E/G ratio of 1.97 and a beta of 0.90. Tractor Supply has a 1-year low of $166.49 and a 1-year high of $241.54. The firm's 50 day simple moving average is $195.80 and its 200 day simple moving average is $207.56. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 1.44.
Tractor Supply (NASDAQ:TSCO - Get Rating) last released its earnings results on Thursday, July 21st. The specialty retailer reported $3.53 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.02. Tractor Supply had a net margin of 7.76% and a return on equity of 53.29%. The business had revenue of $3.90 billion during the quarter, compared to analysts' expectations of $3.89 billion. During the same period last year, the business earned $3.19 earnings per share. The firm's revenue was up 8.4% on a year-over-year basis. On average, sell-side analysts predict that Tractor Supply will post 9.58 EPS for the current fiscal year.
Tractor Supply Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 7th. Investors of record on Monday, August 22nd will be paid a $0.92 dividend. The ex-dividend date of this dividend is Friday, August 19th. This represents a $3.68 annualized dividend and a dividend yield of 1.89%. Tractor Supply's dividend payout ratio is presently 40.62%.