Equities Analysts Issue Forecasts for Tractor Supply’s Q3 2021 Earnings (NASDAQ:TSCO)

Tractor Supply (NASDAQ:TSCO) – Stock analysts at DA Davidson issued their Q3 2021 earnings per share estimates for shares of Tractor Supply in a research note issued to investors on Tuesday, July 20th. DA Davidson analyst M. Baker forecasts that the specialty retailer will post earnings per share of $1.74 for the quarter. DA Davidson has a “Neutral” rating and a $190.00 price objective on the stock.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Sunday, July 18th. The specialty retailer reported $3.19 EPS for the quarter, topping the consensus estimate of $2.94 by $0.25. Tractor Supply had a net margin of 7.39% and a return on equity of 49.64%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same period in the previous year, the firm earned $2.90 EPS. The business’s revenue was up 13.4% on a year-over-year basis.

Several other equities research analysts have also commented on TSCO. Guggenheim boosted their price objective on shares of Tractor Supply from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, April 13th. Raymond James upped their target price on shares of Tractor Supply from $175.00 to $215.00 and gave the company a “strong-buy” rating in a report on Friday, April 23rd. Morgan Stanley upped their target price on shares of Tractor Supply from $190.00 to $195.00 and gave the company an “equal weight” rating in a report on Tuesday. Northcoast Research upgraded shares of Tractor Supply from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Thursday, July 1st. Finally, Credit Suisse Group upped their target price on shares of Tractor Supply from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday. Twelve investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tractor Supply has an average rating of “Hold” and a consensus price target of $189.52.

Tractor Supply stock opened at $181.15 on Wednesday. Tractor Supply has a 52 week low of $127.78 and a 52 week high of $200.75. The company has a quick ratio of 0.66, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. The stock has a 50-day simple moving average of $182.99. The stock has a market cap of $20.88 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 2.63 and a beta of 1.03.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 8th. Investors of record on Monday, May 24th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Friday, May 21st. Tractor Supply’s dividend payout ratio (DPR) is presently 30.28%.

In other Tractor Supply news, SVP Christi C. Korzekwa sold 8,836 shares of the company’s stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $200.03, for a total value of $1,767,465.08. Following the completion of the transaction, the senior vice president now owns 16,391 shares in the company, valued at approximately $3,278,691.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Colin Yankee sold 3,586 shares of the company’s stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $189.94, for a total value of $681,124.84. Following the completion of the transaction, the executive vice president now owns 9,590 shares of the company’s stock, valued at approximately $1,821,524.60. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Cerity Partners LLC grew its holdings in Tractor Supply by 2.9% during the first quarter. Cerity Partners LLC now owns 2,127 shares of the specialty retailer’s stock worth $377,000 after acquiring an additional 59 shares during the period. WD Rutherford LLC boosted its position in Tractor Supply by 22.4% during the 2nd quarter. WD Rutherford LLC now owns 355 shares of the specialty retailer’s stock worth $66,000 after acquiring an additional 65 shares during the period. Rosenberg Matthew Hamilton raised its stake in shares of Tractor Supply by 5.2% during the 1st quarter. Rosenberg Matthew Hamilton now owns 1,395 shares of the specialty retailer’s stock worth $247,000 after purchasing an additional 69 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Tractor Supply by 1.0% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,455 shares of the specialty retailer’s stock worth $1,320,000 after purchasing an additional 71 shares in the last quarter. Finally, Freedom Day Solutions LLC raised its stake in shares of Tractor Supply by 0.5% during the 1st quarter. Freedom Day Solutions LLC now owns 13,951 shares of the specialty retailer’s stock worth $2,470,000 after purchasing an additional 74 shares in the last quarter. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer 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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