Tractor Supply (NASDAQ:TSCO) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 4,670,000 shares, an increase of 12.8% from the September 30th total of 4,140,000 shares. Approximately 3.9% of the shares of the company are sold short. Based on an average daily volume of 1,520,000 shares, the days-to-cover ratio is presently 3.1 days.
Tractor Supply stock traded up $0.24 during trading hours on Wednesday, hitting $96.87. The company had a trading volume of 95,400 shares, compared to its average volume of 1,368,245. The firm has a market cap of $11.31 billion, a PE ratio of 22.55, a PEG ratio of 1.82 and a beta of 1.03. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.60 and a quick ratio of 0.15. Tractor Supply has a one year low of $78.67 and a one year high of $114.25. The firm has a 50-day moving average of $93.70 and a 200 day moving average of $101.81.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.01). The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. Tractor Supply had a net margin of 6.69% and a return on equity of 36.64%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 earnings per share. As a group, research analysts expect that Tractor Supply will post 4.71 earnings per share for the current year.
TSCO has been the topic of a number of research analyst reports. Nomura initiated coverage on shares of Tractor Supply in a report on Friday, November 8th. They issued a “neutral” rating and a $100.00 target price on the stock. Royal Bank of Canada set a $123.00 target price on shares of Tractor Supply and gave the company a “buy” rating in a report on Friday, July 26th. Robert W. Baird dropped their target price on shares of Tractor Supply from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley upped their target price on shares of Tractor Supply from $112.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Finally, BidaskClub cut shares of Tractor Supply from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. Twelve analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Tractor Supply presently has a consensus rating of “Buy” and an average price target of $108.19.
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.
Further Reading: Bid-Ask Spread
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