Tractor Supply Company (NASDAQ:TSCO) – Equities research analysts at Northcoast Research lowered their Q3 2017 earnings per share (EPS) estimates for shares of Tractor Supply in a research note issued to investors on Tuesday. Northcoast Research analyst C. Cerankosky now anticipates that the specialty retailer will post earnings per share of $0.67 for the quarter, down from their prior forecast of $0.77. Northcoast Research also issued estimates for Tractor Supply’s Q4 2017 earnings at $0.89 EPS, FY2017 earnings at $3.27 EPS and FY2018 earnings at $3.61 EPS.
Several other equities analysts have also recently weighed in on the stock. TheStreet cut shares of Tractor Supply from a “b” rating to a “c+” rating in a research note on Wednesday, April 12th. Wedbush lowered their price objective on shares of Tractor Supply from $83.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, April 28th. Zacks Investment Research upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. CIBC cut shares of Tractor Supply from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 4th. Finally, Oppenheimer Holdings, Inc. set a $88.00 price objective on shares of Tractor Supply and gave the stock a “buy” rating in a research note on Thursday, April 27th. Nineteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $74.91.
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Tractor Supply (NASDAQ TSCO) opened at 55.73 on Wednesday. Tractor Supply has a 1-year low of $49.87 and a 1-year high of $87.20. The stock has a 50 day moving average of $53.33 and a 200 day moving average of $63.26. The stock has a market cap of $7.14 billion, a P/E ratio of 16.84 and a beta of 1.32.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.27 by $0.02. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. Tractor Supply’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Retirement Systems of Alabama raised its position in Tractor Supply by 1.6% in the first quarter. Retirement Systems of Alabama now owns 63,190 shares of the specialty retailer’s stock worth $4,358,000 after buying an additional 980 shares during the period. State of Alaska Department of Revenue raised its position in Tractor Supply by 9.5% in the first quarter. State of Alaska Department of Revenue now owns 41,544 shares of the specialty retailer’s stock worth $2,865,000 after buying an additional 3,599 shares during the period. Moody National Bank Trust Division acquired a new position in Tractor Supply during the first quarter worth $253,000. Rice Hall James & Associates LLC raised its position in Tractor Supply by 2.9% in the first quarter. Rice Hall James & Associates LLC now owns 14,346 shares of the specialty retailer’s stock worth $989,000 after buying an additional 409 shares during the period. Finally, Alta Capital Management LLC raised its position in Tractor Supply by 10.3% in the first quarter. Alta Capital Management LLC now owns 243,244 shares of the specialty retailer’s stock worth $16,776,000 after buying an additional 22,710 shares during the period. 91.37% of the stock is owned by hedge funds and other institutional investors.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 21st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, August 17th. Tractor Supply’s dividend payout ratio (DPR) is presently 32.53%.
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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