At the time of writing, Tractor Supply Co. [TSCO] stock is trading at $290.93, up 1.67%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TSCO shares have gain 5.09% over the last week, with a monthly amount glided 6.29%, and 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 July 26, 2024, when Telsey Advisory Group reiterated its Outperform rating and also revised its price target to $300 from $305. Previously, Telsey Advisory Group reaffirmed its Outperform rating on May 01, 2024, and elevated its price target to $305. On April 26, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $280 on the stock. Telsey Advisory Group reiterated its Outperform rating and increased its price target to $275 on April 19, 2024. Mizuho initiated its recommendation with a Neutral and recommended $245 as its price target on March 19, 2024. Telsey Advisory Group reiterated a Outperform rating for this stock on February 02, 2024, and upped its price target to $250. In a note dated February 02, 2024, Raymond James downgraded an Outperform rating on this stock and boosted its target price from $230 to $250.
For the past year, the stock price of Tractor Supply Co. fluctuated between $185.00 and $290.38. Currently, Wall Street analysts expect the stock to reach $248.91 within the next 12 months. Tractor Supply Co. [NASDAQ: TSCO] shares were valued at $290.93 at the most recent close of the market. An investor can expect a potential drop of -14.44% based on the average TSCO price forecast.
Analyzing the TSCO fundamentals
According to Tractor Supply Co. [NASDAQ:TSCO], the company’s sales were 14.71B for trailing twelve months, which represents an 1.48% jump. 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 of0.92.
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 288.09 points at the first support level, and at 285.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 292.65, and for the 2nd resistance point, it is at 294.36.
Ratios To Look Out For
It is important to note that Tractor Supply Co. [NASDAQ:TSCO] has a current ratio of 1.43. As well, the Quick Ratio is 0.25, while the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 2.13, the price to book ratio is 13.56 and price to earnings (TTM) ratio is 28.07.
Transactions by insiders
Recent insider trading involved Barton Kurt D, EVP Chief Financial Officer, that happened on Aug 28 ’24 when 10995.0 shares were sold. Officer, Barton Kurt D completed a deal on Aug 28 ’24 to buy 10995.0 shares. Meanwhile, SVP Petsense GM Rubin Matthew L. sold 540.0 shares on Aug 12 ’24.
