Shares of Tractor Supply Company (NASDAQ:TSCO – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $43.23 and last traded at $43.6210, with a volume of 3225320 shares traded. The stock had previously closed at $45.39.
Key Tractor Supply News
Here are the key news stories impacting Tractor Supply this week:
- Positive Sentiment: Analysts and value screens are flagging TSCO as a potential rebound candidate because the shares are trading near their 52-week low, the dividend is intact and some research notes see upside once discretionary spending stabilizes. This frames TSCO as a beaten-down, defensive retail name with longer-term recovery potential. 3 Discounted Stocks With Strong Rebound Potential (TSCO)
- Neutral Sentiment: Bank of America reinstated coverage on TSCO with a Neutral rating and a $47 price target — the PT implies modest upside from current levels but the Neutral call signals limited near-term upside, so this is unlikely to spark a large rally. Tractor Supply Reinstated at Neutral by BofA as Discretionary Headwinds Limit Upside
- Neutral Sentiment: Tractor Supply launched an FFA-exclusive tote design contest tied to its Harvest Fest event, a PR/marketing initiative that supports community engagement and brand loyalty but is unlikely to move near-term revenue or profits materially. Tractor Supply Invites FFA Members Nationwide to Highlight “Life Out Here” in Harvest Fest Tote Bag Design Competition
- Negative Sentiment: Recent Q4 results showed TSCO missed top- and bottom-line estimates and discretionary categories were weak — that earnings miss and softer sales mix are the primary near-term catalyst pressuring the stock as investors worry about consumer discretionary spending trends. Q4 rundown: Tractor Supply (NASDAQ:TSCO) vs other specialty retail stocks
Wall Street Analysts Forecast Growth
TSCO has been the subject of a number of research analyst reports. DA Davidson reiterated a “buy” rating and set a $60.00 price objective on shares of Tractor Supply in a research report on Friday, January 30th. Bank of America initiated coverage on shares of Tractor Supply in a research report on Tuesday. They set a “neutral” rating and a $47.00 price objective for the company. Truist Financial set a $55.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a research report on Friday, January 16th. TD Cowen lowered their price objective on shares of Tractor Supply from $55.00 to $53.00 and set a “hold” rating for the company in a research report on Friday, January 30th. Finally, Stephens set a $53.00 price objective on shares of Tractor Supply and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Fourteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.78.
Tractor Supply Price Performance
The business has a 50-day simple moving average of $50.30 and a 200 day simple moving average of $52.51. The stock has a market cap of $22.94 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 2.19 and a beta of 0.75. The company has a current ratio of 1.34, a quick ratio of 0.16 and a debt-to-equity ratio of 0.70.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The specialty retailer reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter last year, the firm posted $0.44 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current year.
Tractor Supply Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were given a $0.24 dividend. This is a boost from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. Tractor Supply’s dividend payout ratio is presently 46.38%.
Insider Transactions at Tractor Supply
In other Tractor Supply news, EVP Robert D. Mills sold 62,950 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $54.12, for a total value of $3,406,854.00. Following the sale, the executive vice president owned 122,834 shares in the company, valued at approximately $6,647,776.08. The trade was a 33.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Colin Yankee sold 11,170 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $55.35, for a total transaction of $618,259.50. Following the sale, the executive vice president owned 45,515 shares of the company’s stock, valued at approximately $2,519,255.25. This trade represents a 19.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 222,348 shares of company stock worth $11,959,621. 0.65% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Tractor Supply
Large investors have recently modified their holdings of the company. Delos Wealth Advisors LLC acquired a new stake in shares of Tractor Supply during the second quarter worth $26,000. JPL Wealth Management LLC acquired a new stake in shares of Tractor Supply during the third quarter worth $28,000. Garner Asset Management Corp acquired a new stake in shares of Tractor Supply during the fourth quarter worth $25,000. Reflection Asset Management acquired a new stake in shares of Tractor Supply during the fourth quarter worth $26,000. Finally, Core Wealth Advisors LLC acquired a new stake in shares of Tractor Supply during the fourth quarter worth $27,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.
About Tractor Supply
Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.
Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.
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