Tractor Supply (NASDAQ:TSCO – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 10.100-10.400 for the period, compared to the consensus EPS estimate of 10.280. The company issued revenue guidance of $14.9 billion-$15.0 billion, compared to the consensus revenue estimate of $14.9 billion. Tractor Supply also updated its FY24 guidance to $10.10-10.40 EPS.
Tractor Supply Stock Down 0.6 %
Tractor Supply stock traded down $1.52 during mid-day trading on Friday, hitting $272.77. The company had a trading volume of 826,163 shares, compared to its average volume of 1,052,698. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $307.64. The company has a market capitalization of $29.41 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 3.66 and a beta of 0.80. The stock’s 50 day moving average price is $282.24 and its two-hundred day moving average price is $273.05. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $2.24 EPS for the quarter, beating the consensus estimate of $2.23 by $0.01. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.49 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. As a group, sell-side analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current fiscal year.
Tractor Supply Announces Dividend
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. Robert W. Baird set a $320.00 price target on Tractor Supply in a research note on Thursday, October 17th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $335.00 price target on shares of Tractor Supply in a report on Thursday. Citigroup cut shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Raymond James raised their target price on shares of Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Benchmark reaffirmed a “buy” rating and issued a $280.00 target price on shares of Tractor Supply in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $277.70.
Check Out Our Latest Stock Analysis on TSCO
Insider Transactions at Tractor Supply
In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the transaction, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
Tractor Supply Company Profile
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.
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