Tractor Supply (TSCO) Expected to Earn FY2018 Earnings of $4.27 Per Share

Tractor Supply (NASDAQ:TSCO) – Stock analysts at Northcoast Research boosted their FY2018 earnings estimates for shares of Tractor Supply in a research note issued on Tuesday, November 6th. Northcoast Research analyst C. Cerankosky now anticipates that the specialty retailer will earn $4.27 per share for the year, up from their prior forecast of $4.19.

Several other equities research analysts have also commented on the company. BidaskClub lowered Tractor Supply from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. Telsey Advisory Group restated an “outperform” rating and set a $92.00 target price (up previously from $85.00) on shares of Tractor Supply in a research report on Saturday, October 27th. Credit Suisse Group set a $85.00 target price on Tractor Supply and gave the company a “hold” rating in a research report on Friday, October 26th. Wells Fargo & Co upped their target price on Tractor Supply from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Friday, October 26th. Finally, Robert W. Baird upped their target price on Tractor Supply from $97.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, October 26th. Twelve equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $87.73.

Shares of Tractor Supply stock opened at $96.62 on Wednesday. Tractor Supply has a one year low of $58.27 and a one year high of $97.57. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.21 and a current ratio of 1.99. The stock has a market cap of $11.35 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, October 25th. The specialty retailer reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. Tractor Supply had a return on equity of 36.23% and a net margin of 6.54%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.82 billion.

A number of hedge funds have recently bought and sold shares of the stock. Millennium Management LLC raised its stake in shares of Tractor Supply by 104.5% in the first quarter. Millennium Management LLC now owns 3,741 shares of the specialty retailer’s stock worth $236,000 after purchasing an additional 86,990 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Tractor Supply by 0.4% in the first quarter. Principal Financial Group Inc. now owns 196,559 shares of the specialty retailer’s stock worth $12,388,000 after purchasing an additional 850 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Tractor Supply by 25.1% in the first quarter. Suntrust Banks Inc. now owns 4,739 shares of the specialty retailer’s stock worth $297,000 after purchasing an additional 952 shares during the last quarter. IFM Investors Pty Ltd raised its stake in shares of Tractor Supply by 44.2% in the second quarter. IFM Investors Pty Ltd now owns 5,896 shares of the specialty retailer’s stock worth $451,000 after purchasing an additional 1,807 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Tractor Supply by 44.6% in the second quarter. State of Alaska Department of Revenue now owns 33,090 shares of the specialty retailer’s stock worth $2,530,000 after purchasing an additional 10,210 shares during the last quarter. 82.02% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Benjamin F. Parrish, Jr. sold 25,252 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $89.62, for a total transaction of $2,263,084.24. Following the transaction, the executive vice president now directly owns 28,700 shares of the company’s stock, valued at approximately $2,572,094. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Steve K. Barbarick sold 21,257 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $89.12, for a total value of $1,894,423.84. Following the transaction, the chief operating officer now directly owns 78,210 shares in the company, valued at $6,970,075.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 204,530 shares of company stock worth $18,348,570. 1.60% of the stock is owned by company insiders.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 11th. Investors of record on Monday, November 26th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.28%. Tractor Supply’s dividend payout ratio (DPR) is currently 37.24%.

Tractor Supply Company Profile

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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Earnings History and Estimates for Tractor Supply (NASDAQ:TSCO)

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