Tractor Supply (NASDAQ:TSCO) – Research analysts at Piper Jaffray Companies boosted their FY2018 earnings per share estimates for shares of Tractor Supply in a report released on Tuesday, October 16th. Piper Jaffray Companies analyst P. Keith now anticipates that the specialty retailer will post earnings of $4.24 per share for the year, up from their previous forecast of $4.18. Piper Jaffray Companies currently has a “Overweight” rating and a $102.00 target price on the stock. Piper Jaffray Companies also issued estimates for Tractor Supply’s Q4 2018 earnings at $1.09 EPS, Q1 2019 earnings at $0.62 EPS, Q4 2019 earnings at $1.27 EPS, Q1 2020 earnings at $0.72 EPS, Q2 2020 earnings at $2.09 EPS, Q3 2020 earnings at $1.13 EPS and FY2020 earnings at $5.35 EPS.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 26th. The specialty retailer reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.08. Tractor Supply had a net margin of 6.34% and a return on equity of 35.24%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the business posted $1.25 EPS. The company’s quarterly revenue was up 9.7% on a year-over-year basis.
NASDAQ TSCO opened at $86.86 on Thursday. Tractor Supply has a one year low of $54.76 and a one year high of $92.45. The company has a quick ratio of 0.19, a current ratio of 1.92 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $10.73 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 1.64 and a beta of 1.40.
In other Tractor Supply news, CEO Gregory A. Sandfort sold 140,709 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $90.28, for a total transaction of $12,703,208.52. Following the sale, the chief executive officer now directly owns 118,845 shares in the company, valued at approximately $10,729,326.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Steve K. Barbarick sold 21,257 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $89.12, for a total transaction of $1,894,423.84. Following the sale, the chief operating officer now owns 78,210 shares in the company, valued at $6,970,075.20. The disclosure for this sale can be found here. Insiders have sold a total of 209,530 shares of company stock valued at $18,758,570 over the last three months. 1.60% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in TSCO. Dimensional Fund Advisors LP raised its position in shares of Tractor Supply by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 790,702 shares of the specialty retailer’s stock worth $49,830,000 after buying an additional 24,586 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Tractor Supply by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 196,559 shares of the specialty retailer’s stock worth $12,388,000 after buying an additional 850 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Tractor Supply by 16.0% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 67,332 shares of the specialty retailer’s stock worth $4,243,000 after purchasing an additional 9,306 shares in the last quarter. Natixis raised its holdings in shares of Tractor Supply by 121.6% in the 1st quarter. Natixis now owns 17,039 shares of the specialty retailer’s stock worth $1,074,000 after purchasing an additional 9,350 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Tractor Supply by 27.7% in the 1st quarter. LPL Financial LLC now owns 28,749 shares of the specialty retailer’s stock worth $1,800,000 after purchasing an additional 6,243 shares in the last quarter. Institutional investors own 81.72% of the company’s stock.
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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