Brokers Offer Predictions for Tractor Supply’s Q2 2022 Earnings (NASDAQ:TSCO)
Tractor Supply (NASDAQ:TSCO – Get Rating) – Analysts at KeyCorp increased their Q2 2022 EPS estimates for Tractor Supply in a note issued to investors on Monday, June 6th. KeyCorp analyst B. Thomas now anticipates that the specialty retailer will post earnings per share of $3.50 for the quarter, up from their prior estimate of $3.40. KeyCorp also issued estimates for Tractor Supply’s Q3 2022 earnings at $2.14 EPS.
Other equities research analysts have also issued research reports about the company. Morgan Stanley dropped their price target on Tractor Supply from $235.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, April 25th. StockNews.com began coverage on Tractor Supply in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Wedbush reissued a “neutral” rating on shares of Tractor Supply in a research note on Friday, April 22nd. Gordon Haskett cut shares of Tractor Supply from a “buy” rating to an “accumulate” rating in a research note on Friday, May 6th. Finally, Truist Financial reduced their target price on shares of Tractor Supply from $275.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $240.84.
NASDAQ TSCO opened at $198.35 on Thursday. The company has a market capitalization of $22.19 billion, a P/E ratio of 22.75, a P/E/G ratio of 2.16 and a beta of 1.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.27 and a current ratio of 1.44. Tractor Supply has a 52-week low of $166.49 and a 52-week high of $241.54. The company has a fifty day moving average of $206.50 and a 200-day moving average of $217.78.
Tractor Supply (NASDAQ:TSCO – Get Rating) last announced its earnings results on Thursday, April 21st. The specialty retailer reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.25. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.92 billion. Tractor Supply had a net margin of 7.74% and a return on equity of 51.48%. Tractor Supply’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $1.55 earnings per share.
A number of institutional investors and hedge funds have recently bought and sold shares of TSCO. James Investment Research Inc. grew its position in shares of Tractor Supply by 423.3% in the 4th quarter. James Investment Research Inc. now owns 12,909 shares of the specialty retailer’s stock worth $3,080,000 after buying an additional 10,442 shares during the period. Taika Capital LP purchased a new stake in Tractor Supply in the fourth quarter worth about $2,145,000. CIBC Asset Management Inc increased its stake in shares of Tractor Supply by 1.6% during the fourth quarter. CIBC Asset Management Inc now owns 25,398 shares of the specialty retailer’s stock valued at $6,060,000 after purchasing an additional 389 shares in the last quarter. Morgan Stanley increased its stake in shares of Tractor Supply by 31.0% during the third quarter. Morgan Stanley now owns 1,016,695 shares of the specialty retailer’s stock valued at $205,992,000 after purchasing an additional 240,696 shares in the last quarter. Finally, Empirical Finance LLC lifted its holdings in shares of Tractor Supply by 34.6% during the fourth quarter. Empirical Finance LLC now owns 2,003 shares of the specialty retailer’s stock valued at $478,000 after purchasing an additional 515 shares during the last quarter. Institutional investors and hedge funds own 83.17% of the company’s stock.
In other news, Director Cynthia T. Jamison sold 5,200 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of $195.10, for a total value of $1,014,520.00. Following the completion of the transaction, the director now owns 24,280 shares of the company’s stock, valued at approximately $4,737,028. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 8th. Shareholders of record on Wednesday, May 25th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, May 24th. This represents a $3.68 annualized dividend and a yield of 1.86%. Tractor Supply’s payout ratio is 42.20%.
About Tractor Supply (Get Rating)
Tractor Supply Company operates as a rural lifestyle retailer 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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