A share price of Tractor Supply Co. [TSCO] is currently trading at $251.20, up 3.50%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TSCO shares have gain 6.25% over the last week, with a monthly amount glided 10.36%, and seem to be holding up well over a long-time horizon.
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On 20, February 2024, Tractor Supply Ties for Top Ranking Amongst Specialty Retailers in American Customer Satisfaction Index (ACSI®) Debut. In a post published today on Yahoo Finance, Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, announced today it has been ranked first in customer satisfaction in the specialty retailer category according to the American Customer Satisfaction Index (ACSI®) Retail and Consumer Shipping Study 2023-2024. Tractor Supply is one of four specialty retailers to achieve a leading score of 82. This is the company’s first appearance in the index, which measures and analyzes customer satisfaction with more than 400 companies in over 40 industries and 10 economic sectors.
From an analyst’s perspective:
Tractor Supply Co. [NASDAQ: TSCO] stock has seen the most recent analyst activity on February 02, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $250 from $245. Previously, Raymond James downgraded its rating to Outperform on February 02, 2024, and elevated its price target to $250. On January 26, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $245 on the stock. Stephens downgraded its rating to a Equal-Weight and increased its price target to $240 on January 23, 2024. Morgan Stanley downgraded its rating to a Underweight but $195 remained the price target by the analyst firm on January 16, 2024. BofA Securities downgraded its rating to Underperform for this stock on December 15, 2023, and downed its price target to $171. In a note dated October 13, 2023, Oppenheimer downgraded an Perform rating on this stock and revised its target price from $280 to $210.
Tractor Supply Co. experienced fluctuations in its stock price throughout the past year between $185.00 and $251.17. Currently, Wall Street analysts expect the stock to reach $232.11 within the next 12 months. Tractor Supply Co. [NASDAQ: TSCO] shares were valued at $251.20 at the most recent close of the market. An investor can expect a potential drop of -7.6% based on the average TSCO price forecast.
Analyzing the TSCO fundamentals
Trailing Twelve Months sales for Tractor Supply Co. [NASDAQ:TSCO] were 14.56B which represents -8.65% decline. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 245.51 points at the first support level, and at 239.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 254.78, and for the 2nd resistance point, it is at 258.36.
Tractor Supply Co. [TSCO] reported earnings per share of $2.28 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.22/share, meaning a difference of $0.06 and a surprise factor of 2.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.33 per share as compared to estimates of $2.29 per share, a difference of $0.04 representing a surprise of 1.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tractor Supply Co. [NASDAQ:TSCO] is 1.50. Also, the Quick Ratio is 0.28, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 1.87, the price to book ratio is 12.62 and price to earnings (TTM) ratio is 24.89.
Transactions by insiders
Recent insider trading involved Ellison Noni L, SVP General Counsel, that happened on Feb 23 when 6199.0 shares were sold. EVP Chief Stores Officer, Ordus John P completed a deal on Feb 22 to sell 26802.0 shares. Meanwhile, EVP Chief Merchandise Officer Estep Jonathan S sold 16819.0 shares on Feb 21.
