The price of Tractor Supply Co. (NASDAQ: TSCO) closed at $249.09 in the last session, down -0.63% from day before closing price of $250.66. In other words, the price has decreased by -$1.57 from its previous closing price. On the day, 861218 shares were traded.
Ratios:
We take a closer look at TSCO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 67.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.34. For the most recent quarter (mrq), Quick Ratio is recorded 0.28 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 2.34 whereas as Long-Term Debt/Eq ratio is at 2.17.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Telsey Advisory Group on February 02, 2024, Reiterated its Outperform rating but revised its target price to $250 from $245 previously.
On February 02, 2024, Raymond James Downgraded its rating to Outperform which previously was Strong Buy and also upped its target price recommendation from $230 to $250.
Telsey Advisory Group reiterated its Outperform rating for the stock on January 26, 2024, while the target price for the stock was revised from $230 to $245.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 28 ’24 when Yankee Colin sold 8,675 shares for $250.00 per share. The transaction valued at 2,168,750 led to the insider holds 9,673 shares of the business.
Ellison Noni L sold 6,199 shares of TSCO for $1,498,856 on Feb 23 ’24. The SVP General Counsel now owns 6,032 shares after completing the transaction at $241.79 per share. On Feb 22 ’24, another insider, Ordus John P, who serves as the EVP Chief Stores Officer of the company, sold 26,802 shares for $238.00 each. As a result, the insider received 6,378,978 and left with 17,184 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TSCO now has a Market Capitalization of 26.88B and an Enterprise Value of 31.52B. As of this moment, Tractor’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.68, and their Forward P/E ratio for the next fiscal year is 22.07. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.85 while its Price-to-Book (P/B) ratio in mrq is 12.51. Its current Enterprise Value per Revenue stands at 2.17 whereas that against EBITDA is 16.84.
Stock Price History:
Over the past 52 weeks, TSCO has reached a high of $255.65, while it has fallen to a 52-week low of $185.00. The 50-Day Moving Average of the stock is 230.87, while the 200-Day Moving Average is calculated to be 216.45.
Shares Statistics:
According to the various share statistics, TSCO traded on average about 1.28M shares per day over the past 3-months and 1.09M shares per day over the past 10 days. A total of 107.98M shares are outstanding, with a floating share count of 107.60M. Insiders hold about 0.29% of the company’s shares, while institutions hold 101.42% stake in the company. Shares short for TSCO as of Feb 15, 2024 were 10.62M with a Short Ratio of 8.30, compared to 12.3M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.85% and a Short% of Float of 11.22%.
Dividends & Splits
The forward annual dividend rate for TSCO is 4.19, which was 4.12 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.64%, it implies a Forward Annual Dividend Yield of 1.77%. The stock’s 5-year Average Dividend Yield is 1.36. The current Payout Ratio is 40.84% for TSCO, which recently paid a dividend on Mar 12, 2024 with an ex-dividend date of Feb 23, 2024. Stock splits for the company last occurred on Sep 27, 2013 when the company split stock in a 2:1 ratio.
Earnings Estimates
The company has 24 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.7 for the current quarter, with a high estimate of $1.79 and a low estimate of $1.58, while EPS last year was $1.65. The consensus estimate for the next quarter is $3.91, with high estimates of $4.16 and low estimates of $3.76.
Analysts are recommending an EPS of between $10.5 and $9.59 for the fiscal current year, implying an average EPS of $10.23. EPS for the following year is $11.28, with 28 analysts recommending between $11.66 and $9.87.
Revenue Estimates
According to 22 analysts, the current quarter’s revenue is expected to be $3.4B. It ranges from a high estimate of $3.44B to a low estimate of $3.35B. As of the current estimate, Tractor Supply Co.’s year-ago sales were $3.32B, an estimated increase of 2.40% from the year-ago figure. For the next quarter, 22 analysts are estimating revenue of $4.27B, an increase of 2.10% less than the figure of $2.40% in the same quarter last year. There is a high estimate of $4.36B for the next quarter, whereas the lowest estimate is $4.19B.
A total of 27 analysts have provided revenue estimates for TSCO’s current fiscal year. The highest revenue estimate was $15.33B, while the lowest revenue estimate was $14.73B, resulting in an average revenue estimate of $14.99B. In the same quarter a year ago, actual revenue was $14.56B, up 3.00% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $15.93B in the next fiscal year. The high estimate is $16.51B and the low estimate is $15.27B. The average revenue growth estimate for next year is up 6.30% from the average revenue estimate for this year.
