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.
Tractor Supply Price Performance
Shares of TSCO opened at $198.21 on Tuesday. Tractor Supply has a fifty-two week low of $166.49 and a fifty-two week high of $241.54. The company has a market capitalization of $22.00 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.04 and a beta of 0.90. The firm has a 50-day simple moving average of $195.82 and a 200-day simple moving average of $207.17. 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 announced its earnings results on Thursday, July 21st. The specialty retailer reported $3.53 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.02. The business had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.89 billion. Tractor Supply had a net margin of 7.76% and a return on equity of 53.29%. The business's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.19 earnings per share. On average, equities research analysts anticipate that Tractor Supply will post 9.58 earnings per share for the current year.
Tractor Supply Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 7th. Investors of record on Monday, August 22nd will be issued a dividend of $0.92 per share. The ex-dividend date is Friday, August 19th. This represents a $3.68 annualized dividend and a yield of 1.86%. Tractor Supply's dividend payout ratio is currently 40.62%.
Analyst Upgrades and Downgrades
TSCO has been the topic of several research analyst reports. Guggenheim lowered their price objective on Tractor Supply to $225.00 in a report on Friday, July 22nd. The Goldman Sachs Group lowered their price objective on Tractor Supply from $260.00 to $207.00 and set a "buy" rating on the stock in a report on Monday, June 27th. Wells Fargo & Company lowered their price objective on Tractor Supply to $250.00 in a report on Friday, July 22nd. Truist Financial lifted their price objective on Tractor Supply from $246.00 to $252.00 and gave the stock a "buy" rating in a report on Friday, July 22nd. Finally, MKM Partners initiated coverage on Tractor Supply in a report on Thursday, July 28th. They issued a "buy" rating and a $230.00 price objective on the stock. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $240.53.