Tractor Supply (NASDAQ:TSCO) Sets New 52-Week High at $132.48

Tractor Supply (NASDAQ:TSCO)’s share price hit a new 52-week high on Monday . The stock traded as high as $132.48 and last traded at $132.25, with a volume of 25719 shares. The stock had previously closed at $129.98.

Several analysts have weighed in on the stock. UBS Group lifted their price objective on shares of Tractor Supply from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Raymond James lifted their price objective on shares of Tractor Supply from $115.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, May 27th. Nomura Securities reiterated a “hold” rating and issued a $90.00 price objective on shares of Tractor Supply in a research note on Sunday, April 19th. Loop Capital lifted their price objective on shares of Tractor Supply from $100.00 to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, May 27th. Finally, Oppenheimer began coverage on shares of Tractor Supply in a research note on Wednesday, May 27th. They issued a “buy” rating and a $135.00 price objective for the company. Fourteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Tractor Supply currently has a consensus rating of “Buy” and an average price target of $118.88.

The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.38 and a current ratio of 1.66. The stock has a market capitalization of $15.03 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 1.88 and a beta of 1.01. The stock’s fifty day simple moving average is $119.64 and its two-hundred day simple moving average is $98.77.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, April 23rd. The specialty retailer reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.01. Tractor Supply had a net margin of 6.71% and a return on equity of 38.38%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the firm posted $0.63 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, analysts expect that Tractor Supply will post 5.57 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were given a $0.35 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.06%. Tractor Supply’s dividend payout ratio (DPR) is currently 29.91%.

In other news, CMO Jonathan S. Estep sold 5,237 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $102.00, for a total value of $534,174.00. Following the transaction, the chief marketing officer now owns 16,832 shares in the company, valued at approximately $1,716,864. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert D. Mills sold 14,706 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $120.29, for a total transaction of $1,768,984.74. Following the completion of the transaction, the executive vice president now owns 29,171 shares in the company, valued at approximately $3,508,979.59. The disclosure for this sale can be found here. Insiders sold a total of 280,138 shares of company stock worth $29,705,277 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in TSCO. Bartlett & Co. LLC acquired a new position in shares of Tractor Supply during the 1st quarter valued at $25,000. Arlington Partners LLC acquired a new position in shares of Tractor Supply during the 1st quarter valued at $27,000. GQ Asset Management LLC acquired a new position in shares of Tractor Supply during the 1st quarter valued at $32,000. Vigilant Capital Management LLC acquired a new position in shares of Tractor Supply during the 1st quarter valued at $42,000. Finally, HHM Wealth Advisors LLC acquired a new position in shares of Tractor Supply during the 1st quarter valued at $45,000. Institutional investors own 84.61% of the company’s stock.

About Tractor Supply (NASDAQ:TSCO)

Tractor Supply Company operates rural lifestyle retail stores 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, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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