Tractor Supply (NASDAQ:TSCO) – Equities researchers at Piper Jaffray Companies increased their FY2018 earnings estimates for Tractor Supply in a research report issued to clients and investors on Monday, May 21st. Piper Jaffray Companies analyst P. Keith now forecasts that the specialty retailer will post earnings of $4.07 per share for the year, up from their prior forecast of $4.06. Piper Jaffray Companies currently has a “Overweight” rating and a $85.00 target price on the stock. Piper Jaffray Companies also issued estimates for Tractor Supply’s Q2 2019 earnings at $1.81 EPS, Q3 2019 earnings at $1.00 EPS, Q4 2019 earnings at $1.31 EPS and FY2019 earnings at $4.71 EPS.
Several other brokerages have also commented on TSCO. Oppenheimer raised shares of Tractor Supply from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday, April 27th. Wedbush raised their price target on shares of Tractor Supply from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, April 27th. BidaskClub raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. Telsey Advisory Group lowered shares of Tractor Supply from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $62.00 to $83.00 in a research report on Thursday, January 25th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reduced their price target on shares of Tractor Supply to $64.00 and set a “market perform” rating for the company in a research report on Tuesday, April 24th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $72.90.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, April 26th. The specialty retailer reported $0.57 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. Tractor Supply had a net margin of 5.88% and a return on equity of 31.99%. Tractor Supply’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $0.46 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 12th. Stockholders of record on Tuesday, May 29th will be paid a dividend of $0.31 per share. This is a boost from Tractor Supply’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, May 25th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.67%. Tractor Supply’s dividend payout ratio (DPR) is presently 32.43%.
Several hedge funds and other institutional investors have recently modified their holdings of TSCO. Centaurus Financial Inc. acquired a new stake in shares of Tractor Supply during the 1st quarter worth approximately $100,000. Calton & Associates Inc. acquired a new stake in shares of Tractor Supply during the 4th quarter worth approximately $109,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Tractor Supply during the 4th quarter worth approximately $187,000. Kennedy Capital Management Inc. acquired a new stake in shares of Tractor Supply during the 4th quarter worth approximately $204,000. Finally, Advisor Partners LLC acquired a new stake in shares of Tractor Supply during the 4th quarter worth approximately $207,000. 80.51% of the stock is currently owned by institutional investors and hedge funds.
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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