Traders Buy Tractor Supply (TSCO) on Weakness

Investors bought shares of Tractor Supply (NASDAQ:TSCO) on weakness during trading on Wednesday. $54.70 million flowed into the stock on the tick-up and $11.05 million flowed out of the stock on the tick-down, for a money net flow of $43.65 million into the stock. Of all equities tracked, Tractor Supply had the 16th highest net in-flow for the day. Tractor Supply traded down ($0.31) for the day and closed at $62.62

Several research firms have recently issued reports on TSCO. BidaskClub cut shares of Tractor Supply from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Telsey Advisory Group cut shares of Tractor Supply from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $62.00 to $83.00 in a research report on Thursday, January 25th. They noted that the move was a valuation call. Guggenheim reiterated a “buy” rating and set a $88.00 price objective on shares of Tractor Supply in a research report on Tuesday, January 16th. Zacks Investment Research upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating and set a $89.00 price objective on the stock in a research report on Monday, January 8th. Finally, Stephens set a $79.00 price objective on shares of Tractor Supply and gave the company a “hold” rating in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $73.10.

The stock has a market cap of $7,964.94, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.17 and a beta of 1.27. The company has a quick ratio of 0.24, a current ratio of 1.95 and a debt-to-equity ratio of 0.31.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.93 billion. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. Tractor Supply’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 earnings per share. analysts expect that Tractor Supply will post 4.1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s payout ratio is 32.73%.

In other Tractor Supply news, CMO Steve K. Barbarick sold 43,076 shares of Tractor Supply stock in a transaction on Monday, December 18th. The shares were sold at an average price of $69.03, for a total transaction of $2,973,536.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edna Morris sold 1,054 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total transaction of $70,691.78. Following the sale, the director now directly owns 10,949 shares of the company’s stock, valued at $734,349.43. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of TSCO. Crossmark Global Holdings Inc. purchased a new stake in shares of Tractor Supply during the third quarter valued at $748,000. Victory Capital Management Inc. boosted its stake in shares of Tractor Supply by 30.3% during the third quarter. Victory Capital Management Inc. now owns 24,318 shares of the specialty retailer’s stock valued at $1,539,000 after purchasing an additional 5,658 shares during the period. Alps Advisors Inc. boosted its stake in shares of Tractor Supply by 14.3% during the third quarter. Alps Advisors Inc. now owns 7,626 shares of the specialty retailer’s stock valued at $483,000 after purchasing an additional 953 shares during the period. Global X MANAGEMENT CO LLC boosted its stake in shares of Tractor Supply by 191.7% during the third quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after purchasing an additional 1,173 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Tractor Supply by 100.4% during the third quarter. BNP Paribas Arbitrage SA now owns 55,869 shares of the specialty retailer’s stock valued at $3,536,000 after purchasing an additional 27,986 shares during the period. 83.43% of the stock is owned by hedge funds and other institutional investors.

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Tractor Supply Company Profile

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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