Tractor Supply (NASDAQ:TSCO – Get Rating) released an update to its earnings guidance for the second quarter of 2022 on Monday morning. The company provided earnings per share (EPS) guidance of $3.48 for the period. , compared to the consensus estimate of $3.46. The company released a revenue forecast of $3.89 billion to $3.89 billion, versus a consensus revenue estimate of $3.87 billion.
TSCO shares opened at $188.73 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.27 and a debt ratio of 0.57. The company’s 50-day simple moving average is $201.54 and its 200-day simple moving average is $216.05. Tractor Supply has a 12 month low of $166.49 and a 12 month high of $241.54. The company has a market capitalization of $21.12 billion, a PE ratio of 21.64, a growth price-earnings ratio of 1.96 and a beta of 1.04.
Tractor Supply (NASDAQ:TSCO – Get Rating) last released its quarterly results on Thursday, April 21. The specialty retailer reported EPS of $1.65 for the quarter, beating the consensus estimate of $1.40 by $0.25. Tractor Supply had a return on equity of 51.48% and a net margin of 7.74%. The company posted revenue of $3.02 billion for the quarter, versus analyst estimates of $2.92 billion. During the same period a year earlier, the company posted EPS of $1.55. Tractor Supply revenue for the quarter increased 8.3% year over year. As a group, equity research analysts expect Tractor Supply to post EPS of 9.52 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 8. Shareholders of record on Wednesday, May 25 received a dividend of $0.92. The ex-dividend date was Tuesday, May 24. This represents an annualized dividend of $3.68 and a dividend yield of 1.95%. Tractor Supply’s delivery rate is 42.20%.
Several analysts have weighed in on the company recently. Oppenheimer upgraded Tractor Supply from a market performer rating to an outperformer rating and set a price target of $270.00 for the company in a Friday, March 18 report. They noted that the move was a review call. Citigroup raised its price target on Tractor Supply from $240.00 to $250.00 and gave the company a buy rating in a Friday, April 22 report. Wedbush reiterated a neutral rating on Tractor Supply shares in a Friday, April 22 report. Piper Sandler raised its target price on Tractor Supply from $258.00 to $261.00 and gave the company an overweight rating in a Friday, April 22 report. Finally, Truist Financial reduced its target price on Tractor Supply from $275.00 to $266.00 and set a buy rating for the company in a Tuesday, June 7 report. Six analysts gave the stock a hold rating, thirteen gave the company a buy rating and one gave the company a high buy rating. According to data from MarketBeat.com, the stock has an average buy rating and a consensus target price of $243.56.
Separately, director Cynthia T. Jamison sold 5,200 shares of the company in a trade on Thursday, May 12. The stock was sold at an average price of $195.10, for a total value of $1,014,520.00. Following the sale, the director now owns 24,280 shares of the company, valued at approximately $4,737,028. The sale was disclosed in a legal filing with the SEC, which is available via this link. 0.70% of the shares are currently held by insiders of the company.
Several hedge funds have recently increased or reduced their stake in TSCO. qPULA Trading Management LP purchased a new stake in Tractor Supply in the first quarter worth approximately $373,000. XTX Topco Ltd acquired a new position in Tractor Supply in the first quarter worth approximately $351,000. Dynamic Technology Lab Private Ltd acquired a new position in Tractor Supply in the first quarter worth approximately $348,000. Mirabella Financial Services LLP acquired a new position in Tractor Supply in the first quarter worth approximately $342,000. Finally, Mather Group LLC. increased its stake in Tractor Supply by 14.5% in the first quarter. Mather Group LLC. now owns 1,351 shares of the specialty retailer valued at $315,000 after acquiring an additional 171 shares during the period. Institutional investors hold 83.17% of the company’s shares.
About Tractor Supply (Get an assessment)
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, electrical equipment, gifts and toys; work/leisure clothing and footwear; and maintenance products for agricultural and rural use.
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