Tractor Supply (NASDAQ:TSCO) – Stock analysts at Northcoast Research boosted their FY2019 earnings per share (EPS) estimates for Tractor Supply in a research note issued to investors on Tuesday, November 6th. Northcoast Research analyst C. Cerankosky now anticipates that the specialty retailer will post earnings per share of $4.73 for the year, up from their prior estimate of $4.63.
TSCO has been the subject of several other research reports. Robert W. Baird upped their price target on shares of Tractor Supply from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, July 16th. Piper Jaffray Companies upped their price target on shares of Tractor Supply from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. BidaskClub lowered shares of Tractor Supply from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 5th. Wedbush raised shares of Tractor Supply from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $80.00 to $100.00 in a research report on Friday, October 26th. Finally, Zacks Investment Research lowered shares of Tractor Supply from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Twelve equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $87.73.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, October 25th. The specialty retailer reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. Tractor Supply had a net margin of 6.54% and a return on equity of 36.23%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.82 billion.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 11th. Shareholders of record on Monday, November 26th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.28%. Tractor Supply’s dividend payout ratio is currently 37.24%.
In other news, CEO Gregory A. Sandfort sold 140,709 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $90.28, for a total value of $12,703,208.52. Following the completion of the transaction, the chief executive officer now directly owns 118,845 shares in the company, valued at $10,729,326.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kurt D. Barton sold 6,156 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $84.50, for a total transaction of $520,182.00. Following the completion of the transaction, the chief financial officer now owns 32,327 shares of the company’s stock, valued at $2,731,631.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 204,530 shares of company stock valued at $18,348,570. 1.60% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in TSCO. Piedmont Investment Advisors LLC purchased a new position in shares of Tractor Supply in the second quarter valued at $106,000. Columbia Asset Management purchased a new position in shares of Tractor Supply in the third quarter valued at $120,000. Qube Research & Technologies Ltd purchased a new position in shares of Tractor Supply in the second quarter valued at $130,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Tractor Supply by 118.9% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,751 shares of the specialty retailer’s stock valued at $134,000 after purchasing an additional 951 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Tractor Supply in the third quarter valued at $142,000. Institutional investors and hedge funds own 82.02% of the company’s stock.
About Tractor Supply
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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