DA Davidson Has Positive View of Tractor Supply Q3 Earnings

Tractor Supply (NASDAQ:TSCO - Free Report) - Investment analysts at DA Davidson increased their Q3 2024 earnings per share (EPS) estimates for Tractor Supply in a report issued on Tuesday, October 22nd. DA Davidson analyst M. Baker now forecasts that the specialty retailer will post earnings per share of $2.23 for the quarter, up from their prior forecast of $2.18. The consensus estimate for Tractor Supply's current full-year earnings is $10.23 per share.

TSCO has been the topic of a number of other reports. Loop Capital lifted their price objective on Tractor Supply from $250.00 to $260.00 and gave the company a "hold" rating in a report on Friday, September 6th. Telsey Advisory Group lifted their price objective on Tractor Supply from $300.00 to $335.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. Evercore ISI downgraded Tractor Supply from an "outperform" rating to an "in-line" rating and set a $300.00 price objective on the stock. in a report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price objective on Tractor Supply from $260.00 to $290.00 and gave the company a "neutral" rating in a report on Wednesday, October 16th. Finally, Piper Sandler lifted their price objective on Tractor Supply from $300.00 to $332.00 and gave the company an "overweight" rating in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $272.50.

Tractor Supply Stock Performance

TSCO stock traded up $0.79 during trading on Wednesday, reaching $292.23. 57,099 shares of the stock were exchanged, compared to its average volume of 1,042,765. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $307.64. The company has a market capitalization of $31.51 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 3.74 and a beta of 0.80. The stock has a 50 day simple moving average of $281.23 and a 200-day simple moving average of $272.74. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting analysts' consensus estimates of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same period last year, the business earned $3.83 earnings per share. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year.

Institutional Trading of Tractor Supply

Several institutional investors and hedge funds have recently made changes to their positions in the business. Henrickson Nauta Wealth Advisors Inc. increased its position in shares of Tractor Supply by 3.2% in the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer's stock valued at $328,000 after buying an additional 35 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Tractor Supply by 0.5% in the 3rd quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer's stock valued at $2,238,000 after buying an additional 37 shares in the last quarter. Signature Wealth Management Group increased its position in shares of Tractor Supply by 0.5% in the 2nd quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer's stock valued at $1,890,000 after buying an additional 38 shares in the last quarter. X Square Capital LLC increased its position in shares of Tractor Supply by 1.6% in the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer's stock valued at $696,000 after buying an additional 41 shares in the last quarter. Finally, Eads & Heald Wealth Management increased its position in shares of Tractor Supply by 0.6% in the 2nd quarter. Eads & Heald Wealth Management now owns 7,040 shares of the specialty retailer's stock valued at $1,901,000 after buying an additional 42 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the company's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the company's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kurt D. Barton sold 23,532 shares of the company's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the sale, the chief financial officer now owns 9,683 shares of the company's stock, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company's stock.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.51%. The ex-dividend date was Monday, August 26th. Tractor Supply's dividend payout ratio (DPR) is presently 42.84%.

About Tractor Supply

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.