Tractor Supply Company (NASDAQ:TSCO) finished Friday with a subtraction of -$2.01 to close at $224.97, a downside of -0.89 percent. An average of 818,360 shares of common stock have been traded in the last five days. There was a gain of $11.92 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 909,555 shares traded, while the 50-day average volume stands at 1,151,278.
TSCO stock has decreased by -0.59% in the last month. The company shares reached their 1-month lowest point of $207.57 on 12/20/22. With the stock rallying to its 52-week high on 03/31/22, shares of the company touched a low of $166.49 and a high of $241.54 in 52 weeks. It has reached a new high 2 times so far this year and lost -5.71% or -$13.63 in price. In spite of this, the price is down -6.86% from the 52-week high.
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TSCO stock investors should be aware that Tractor Supply Company (TSCO) stock had its last reported insider trading activity 45 days ago on Nov 16. In this transaction, the insider spent $1,596,540. SVP Petsense GM, Rubin Matthew L., disposed of 31 shares at a price of $204.00 on Nov 09. The insider now owns more than $6,324 worth of shares. Prior to that, SVP Petsense GM Rubin Matthew L. went on to Sale 1,469 shares at $204.00 each on Nov 09. An amount of $299,676 was transacted.
Tractor Supply Company (TSCO) has a trailing price-to-earnings (P/E) ratio of 24.43. The stock’s beta is 0.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.80, the price-to-book (PB) ratio at 12.85.
The company has a payout ratio of 35.40%. The company’s most recent quarterly dividend payment was $0.92 a share, without any change from last year. Its latest increase dividend $0.40 reported on Thursday January 27 2022.
The quick ratio of Tractor Supply Company for the three months ended September 29 was 0.20, and the current ratio was 1.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.57 and a total debt to equity ratio of 0.58 for the quarter ending September 29. Its gross profit as reported stood at $4.48 billion compared to revenue of $12.73 billion.
For the three-month period that ended September 29, Tractor Supply Company had $1.08 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $234.14 million in the quarter, while revenues of $396.48 million were grew 4.16%. The analyst consensus anticipated Tractor Supply Company’s latest quarter earnings to come in at $2.07 per share, but it turned out to be $2.1, a 1.40% surprise. For the quarter, EBITDA amounted to $393.65 million. Shareholders own equity worth $110.46 million.
From a technical analysis perspective, let’s take a brief look at Tractor Supply Company (TSCO) price momentum. RSI 9-day as of the close on 30 December was 62.75%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.93%.
As of today, TSCO’s price is $222.40 +5.59% or $11.92 from its 5-day moving average. TSCO is currently trading +0.15% higher than its 20-day SMA and +17.99% higher than its 100-day SMA. However, the stock’s current price level is +14.59% above the SMA50 and -0.95% below the SMA200.
The stochastic %K and %D were 83.92% and 82.73%, respectively, and the average true range (ATR) was 5.71. With the 14-day stochastic at 86.27% and the average true range at 5.84, the RSI (14) stands at 59.56%. The stock has reached 6.07 on the 9-day MACD Oscillator while the 14-day reading was at 7.56.
Credit Suisse launched coverage on Tractor Supply Company (NASDAQ: TSCO) in its analyst report released on December 20, 2022. The firm assigned the stock an Outperform rating. The consensus rating for Tractor Supply Company (TSCO) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TSCO, while 11 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 17 others rate it as a “buy”.
What is TSCO’s price target for the next 12 months?
Analysts predict a range of price targets between $195.00 and $270.00, with a median target of $236.00. Taking a look at these predictions, the average price target given by analysts for Tractor Supply Company (TSCO) stock is $231.71.