Tractor Supply Co. [TSCO] stock prices are up 0.04% to $253.30 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The TSCO shares have gain 0.46% over the last week, with a monthly amount glided 1.77%, and seem to be holding up well over a long-time horizon.
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On 4, April 2024, Tractor Supply Announces Webcast of First Quarter 2024 Earnings Conference Call. In a post published today on Yahoo Finance, Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, intends to release its first quarter 2024 results before the market opens on Thursday, April 25, 2024. In conjunction with this release, the Company will hold a conference call at 10 a.m. ET on April 25, 2024, hosted by Hal Lawton, president and chief executive officer and Kurt Barton, executive vice president and chief financial officer. The call will be webcast live at IR.TractorSupply.com. Supplemental materials will be available at least 15 minutes prior to the start of the conference call.
From an analyst’s perspective:
Tractor Supply Co. [NASDAQ: TSCO] stock has seen the most recent analyst activity on March 19, 2024, when Mizuho initiated its Neutral rating and assigned the stock a price target of $245. Previously, Telsey Advisory Group reaffirmed its Outperform rating on February 02, 2024, and elevated its price target to $250. On February 02, 2024, downgrade downgraded it’s rating to Outperform and revised its price target to $250 on the stock. Telsey Advisory Group reiterated its Outperform rating and increased its price target to $245 on January 26, 2024. Stephens downgraded its rating to a Equal-Weight and raised its price target to $240 on January 23, 2024. Morgan Stanley downgraded its rating to Underweight for this stock on January 16, 2024, but kept the price target unchanged to $195. In a note dated December 15, 2023, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $207 to $171.
The stock price of Tractor Supply Co. [TSCO] has been fluctuating between $185.00 and $268.02 over the past year. Currently, Wall Street analysts expect the stock to reach $234.32 within the next 12 months. Tractor Supply Co. [NASDAQ: TSCO] shares were valued at $253.30 at the most recent close of the market. An investor can expect a potential drop of -7.49% based on the average TSCO price forecast.
Analyzing the TSCO fundamentals
The Tractor Supply Co. [NASDAQ:TSCO] reported sales of 14.56B for trailing twelve months, representing a drop of -8.65%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.54 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.98.
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 248.70 points at the first support level, and at 244.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 255.91, and for the 2nd resistance point, it is at 258.51.
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
It’s worth pointing out that Tractor Supply Co. [NASDAQ:TSCO]’s Current Ratio is 1.50. On the other hand, the Quick Ratio is 0.28, and the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 1.88, the price to book ratio is 12.72 and price to earnings (TTM) ratio is 25.10.
Transactions by insiders
Recent insider trading involved Barton Kurt D, EVP Chief Financial Officer, that happened on Mar 15 ’24 when 4335.0 shares were sold. EVP Chief Supply Chain Officer, Yankee Colin completed a deal on Feb 28 ’24 to sell 8675.0 shares. Meanwhile, SVP General Counsel Ellison Noni L sold 6199.0 shares on Feb 23 ’24.
