Somewhat Positive News Coverage Somewhat Unlikely to Impact Tractor Supply (TSCO) Stock Price
Media headlines about Tractor Supply (NASDAQ:TSCO) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tractor Supply earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the specialty retailer an impact score of 46.438136048856 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- BRIEF-Tractor Supply entered into note purchase and private shelf agreement by and among company, PGIM (feeds.reuters.com)
- Tractor Supply Co. breached its 50 day moving average in a Bullish Manner : TSCO-US : August 15, 2017 (finance.yahoo.com)
- Fall poultry event coming to Cave Creek area Tractor Supply (sonorannews.com)
- Shares Trading Near the 52-Week Low Tractor Supply Company (NASDAQ:TSCO) – Sparta Review (spartareview.com)
- HighTower Advisors LLC Has $434000 Stake in Tractor Supply Company (NASDAQ:TSCO) (topactu.net)
Shares of Tractor Supply (TSCO) opened at 53.73 on Thursday. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 16.24 and a beta of 1.32. The firm has a 50-day moving average of $53.49 and a 200-day moving average of $61.97. Tractor Supply has a one year low of $49.87 and a one year high of $86.39. Tractor Supply also was the recipient of unusually large options trading activity on Tuesday. Traders bought 1,064 put options on the company. This represents an increase of 787% compared to the average volume of 120 put options.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the Zacks’ consensus estimate of $1.27 by $0.02. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 earnings per share. Equities research analysts forecast that Tractor Supply will post $3.25 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, August 17th. Tractor Supply’s payout ratio is presently 32.53%.
Several research firms have recently weighed in on TSCO. Zacks Investment Research upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. Royal Bank Of Canada lowered their price objective on shares of Tractor Supply from $72.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 27th. Oppenheimer Holdings, Inc. set a $88.00 price objective on shares of Tractor Supply and gave the company a “buy” rating in a research report on Thursday, April 27th. UBS AG cut shares of Tractor Supply from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 4th. Finally, Wedbush lowered their price objective on shares of Tractor Supply from $83.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, April 28th. Nineteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $74.91.
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Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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