6 days Ago By ABMN Staff
Tractor Supply ( NASDAQ:TSCO – Free Report ) had its price target reduced by JPMorgan Chase & Co. from $59.00 to $56.
00 in a report published on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the specialty retailer’s stock.
Several other equities research analysts have also recently commented on TSCO. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $67.00 price objective on shares of Tractor Supply in a research report on Thursday, April 24th.
Truist Financial cut their price objective on shares of Tractor Supply from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, January 31st.
Guggenheim cut their price objective on shares of Tractor Supply from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday.
Raymond James cut their price objective on shares of Tractor Supply from $61.00 to $57.00 and set an “outperform” rating on the stock in a research report on Friday.
Finally, Mizuho cut their price objective on shares of Tractor Supply from $62.00 to $58.00 and set an “outperform” rating on the stock in a research report on Friday.
One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Tractor Supply presently has an average rating of “Moderate Buy” and a consensus price target of $58.
47. Get Our Latest Stock Report on TSCO Tractor Supply Trading Down 1.8 % Tractor Supply ( NASDAQ:TSCO – Get Free Report ) last announced its quarterly earnings results on Thursday, April 24th.
The specialty retailer reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.
03). The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.
55 billion. Tractor Supply had a return on equity of 49.01% and a net margin of 7.
40%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year.
During the same period in the prior year, the business earned $1.83 earnings per share. Equities research analysts predict that Tractor Supply will post 2.
17 EPS for the current year. Tractor Supply Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.
92 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.
22. This represents a $3.68 annualized dividend and a dividend yield of 7.
51%. Tractor Supply’s payout ratio is currently 45.77%.
Tractor Supply declared that its board has authorized a stock repurchase program on Thursday, February 13th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to purchase up to 3.
3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued. Insider Transactions at Tractor Supply In other Tractor Supply news, SVP Matthew L.
Rubin sold 3,850 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $57.69, for a total transaction of $222,106.
50. Following the completion of the sale, the senior vice president now directly owns 31,787 shares in the company, valued at $1,833,792.03.
This trade represents a 10.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink .
Also, EVP Melissa Kersey sold 9,300 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $53.17, for a total value of $494,481.
00. Following the completion of the transaction, the executive vice president now directly owns 34,961 shares in the company, valued at $1,858,876.37.
The trade was a 21.01 % decrease in their position. The disclosure for this sale can be found here .
Insiders have sold 137,993 shares of company stock worth $7,538,068 in the last ninety days. Insiders own 0.65% of the company’s stock.
Institutional Trading of Tractor Supply Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Tractor Supply by 392.
5% during the 4th quarter. Vanguard Group Inc. now owns 64,033,972 shares of the specialty retailer’s stock worth $3,397,643,000 after purchasing an additional 51,031,178 shares during the last quarter.
Wellington Management Group LLP lifted its holdings in Tractor Supply by 401.8% during the 4th quarter. Wellington Management Group LLP now owns 23,789,249 shares of the specialty retailer’s stock worth $1,262,258,000 after purchasing an additional 19,048,385 shares during the last quarter.
Alliancebernstein L.P. lifted its holdings in Tractor Supply by 403.
3% during the 4th quarter. Alliancebernstein L.P.
now owns 22,256,534 shares of the specialty retailer’s stock worth $1,180,932,000 after purchasing an additional 17,834,643 shares during the last quarter. Capital World Investors lifted its holdings in Tractor Supply by 403.7% during the 4th quarter.
Capital World Investors now owns 19,433,135 shares of the specialty retailer’s stock worth $1,031,122,000 after purchasing an additional 15,575,311 shares during the last quarter. Finally, Capital International Investors lifted its holdings in Tractor Supply by 334.7% during the 4th quarter.
Capital International Investors now owns 15,429,288 shares of the specialty retailer’s stock worth $818,421,000 after purchasing an additional 11,880,010 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.
About Tractor Supply ( Get Free Report ) Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise. Featured Stories Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.
com's FREE daily email newsletter ..
