Tractor Supply (TSCO) Receiving Somewhat Positive Media Coverage, Report Shows
Headlines about Tractor Supply (NASDAQ:TSCO) have trended somewhat positive on Thursday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tractor Supply earned a news impact score of 0.23 on Accern’s scale. Accern also gave news articles about the specialty retailer an impact score of 46.4337170263778 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of brokerages have recently issued reports on TSCO. Piper Jaffray Companies reiterated a “hold” rating and set a $56.00 target price on shares of Tractor Supply in a research report on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of Tractor Supply in a research report on Friday, November 10th. Robert W. Baird set a $66.00 target price on Tractor Supply and gave the company a “buy” rating in a research report on Thursday, October 26th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Tractor Supply in a research report on Thursday, July 27th. Finally, Zacks Investment Research downgraded Tractor Supply from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Sixteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $68.05.
Tractor Supply (TSCO) traded down $0.15 during midday trading on Thursday, reaching $64.72. The company had a trading volume of 1,484,300 shares, compared to its average volume of 2,208,850. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $78.25. The company has a current ratio of 2.00, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. The firm has a market cap of $8,110.00, a P/E ratio of 19.25, a P/E/G ratio of 1.41 and a beta of 1.28.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the company earned $0.67 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. research analysts predict that Tractor Supply will post 3.28 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Friday, November 17th. Tractor Supply’s dividend payout ratio (DPR) is presently 32.05%.
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About Tractor Supply
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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