A share price of Tractor Supply Co. [TSCO] is currently trading at $257.44, down -1.94%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TSCO shares have lost -4.63% over the last week, with a monthly amount drifted -2.69%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tractor Supply Co. [NASDAQ: TSCO] stock has seen the most recent analyst activity on May 01, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $305 from $280. Previously, Telsey Advisory Group reaffirmed its Outperform rating on April 26, 2024, and elevated its price target to $280. On April 19, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $275 on the stock. Mizuho started tracking the stock assigning a Neutral rating and suggested a price target of $245 on March 19, 2024. Telsey Advisory Group reiterated its recommendation of a Outperform and raised its price target to $250 on February 02, 2024. Raymond James downgraded its rating to Outperform for this stock on February 02, 2024, and upped its price target to $250. In a note dated January 26, 2024, Telsey Advisory Group reiterated an Outperform rating on this stock and boosted its target price from $230 to $245.
Tractor Supply Co. experienced fluctuations in its stock price throughout the past year between $185.00 and $290.38. Currently, Wall Street analysts expect the stock to reach $240.76 within the next 12 months. Tractor Supply Co. [NASDAQ: TSCO] shares were valued at $257.44 at the most recent close of the market. An investor can expect a potential drop of -6.48% based on the average TSCO price forecast.
Analyzing the TSCO fundamentals
Trailing Twelve Months sales for Tractor Supply Co. [NASDAQ:TSCO] were 14.65B which represents 2.90% growth. Gross Profit Margin for this corporation currently stands at 0.35% 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 0.52 and Total Capital is 0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.22.
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 250.85 points at the first support level, and at 244.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 265.85, and for the 2nd resistance point, it is at 274.27.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tractor Supply Co. [NASDAQ:TSCO] is 1.40. As well, the Quick Ratio is 0.19, while the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 1.89, the price to book ratio is 13.08 and price to earnings (TTM) ratio is 25.08.
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.
