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 Upgrades and Downgrades
Several research firms have recently weighed in on TSCO. Guggenheim reduced their price objective on Tractor Supply to $225.00 in a research note on Friday, July 22nd. The Goldman Sachs Group reduced their price target on Tractor Supply from $260.00 to $207.00 and set a "buy" rating on the stock in a research report on Monday, June 27th. Bank of America raised Tractor Supply from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $250.00 to $260.00 in a research report on Tuesday, June 14th. Citigroup boosted their price target on Tractor Supply from $240.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, April 22nd. Finally, Wedbush reissued a "neutral" rating on shares of Tractor Supply in a research report on Friday, April 22nd. Six equities 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 company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $240.53.
Tractor Supply Price Performance
Shares of NASDAQ:TSCO opened at $196.93 on Friday. Tractor Supply has a twelve month low of $166.49 and a twelve month high of $241.54. The company has a market capitalization of $21.86 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 2.02 and a beta of 0.90. The company has a current ratio of 1.44, a quick ratio of 0.33 and a debt-to-equity ratio of 0.53. The business has a 50 day simple moving average of $195.84 and a 200-day simple moving average of $207.30.
Tractor Supply (NASDAQ:TSCO - Get Rating) last released its quarterly earnings data on Thursday, July 21st. The specialty retailer reported $3.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.51 by $0.02. Tractor Supply had a return on equity of 53.29% and a net margin of 7.76%. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the previous year, the firm posted $3.19 EPS. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts expect that Tractor Supply will post 9.58 earnings per share for the current year.
Tractor Supply Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 7th. Investors of record on Monday, August 22nd will be given a dividend of $0.92 per share. The ex-dividend date is Friday, August 19th. This represents a $3.68 dividend on an annualized basis and a yield of 1.87%. Tractor Supply's dividend payout ratio is currently 40.62%.