Q3 EPS Estimates for Tractor Supply Increased by DA Davidson

Tractor Supply (NASDAQ:TSCO) – Stock analysts at DA Davidson raised their Q3 2024 earnings per share (EPS) estimates for Tractor Supply in a research note issued on Tuesday, October 22nd. DA Davidson analyst M. Baker now expects that the specialty retailer will earn $2.23 per share 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.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, hitting analysts’ consensus estimates of $3.93. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. Tractor Supply’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $3.83 EPS.

TSCO has been the subject of several other reports. UBS Group raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. JPMorgan Chase & Co. boosted their price target on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Telsey Advisory Group boosted their price target on shares of Tractor Supply from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Robert W. Baird set a $320.00 target price on shares of Tractor Supply in a report on Thursday, October 17th. Finally, Citigroup lowered Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.50.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $291.44 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. The firm has a 50 day simple moving average of $280.61 and a 200 day simple moving average of $272.47. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $307.64. The firm has a market cap of $31.42 billion, a P/E ratio of 28.38, a P/E/G ratio of 3.74 and a beta of 0.80.

Institutional Trading of Tractor Supply

Several hedge funds have recently bought and sold shares of the business. Brookstone Capital Management grew its position in Tractor Supply by 20.1% in the 1st quarter. Brookstone Capital Management now owns 1,776 shares of the specialty retailer’s stock worth $465,000 after purchasing an additional 297 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Tractor Supply during the first quarter valued at approximately $26,000. GoalVest Advisory LLC purchased a new stake in shares of Tractor Supply during the first quarter valued at approximately $2,092,000. Revolve Wealth Partners LLC bought a new stake in Tractor Supply during the first quarter worth $219,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in Tractor Supply in the first quarter worth $332,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Activity at Tractor Supply

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

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Monday, August 26th. Tractor Supply’s dividend payout ratio 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.