Tractor Supply Company (NASDAQ:TSCO) finished Friday with an addition of $0.25 to close at $222.52, an upside of 0.11 percent. An average of 892,120 shares of common stock have been traded in the last five days. There was a gain of $0.21 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 1,363,350 shares traded, while the 50-day average volume stands at 1,328,476.
TSCO stock has increased by 2.85% in the last month. The company shares reached their 1-month lowest point of $208.14 on 07/17/23. With the stock rallying to its 52-week high on 04/21/23, shares of the company touched a low of $181.40 and a high of $251.17 in 52 weeks. It has reached a new high 11 times so far this year and lost -1.09% or -$2.45 in price. In spite of this, the price is down -11.41% from the 52-week high.
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Insider Transactions
TSCO stock investors should be aware that Tractor Supply Company (TSCO) stock had its last reported insider trading activity 87 days ago on May 17. In this transaction, the insider spent $2,731,139. EVP – CMO, Estep Jonathan S, disposed of 164 shares at a price of $226.20 on May 17. The insider now owns more than $37,097 worth of shares. Prior to that, EVP Chief Financial Officer Barton Kurt D went on to Sale 9,091 shares at $227.35 each on May 16. An amount of $2,066,839 was transacted.
Valuation Metrics
Tractor Supply Company (TSCO) has a trailing price-to-earnings (P/E) ratio of 22.22. The stock’s beta is 0.80. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.69, the price-to-book (PB) ratio at 12.79, and the price-to-cash flow ratio at 143.17.
Financial Health
The quick ratio of Tractor Supply Company for the three months ended June 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 0.85 and a total debt to equity ratio of 0.86 for the quarter ending June 29. Tractor Supply Company’s EBITDA margin for the year ending June 29 is 12.52%, while its operating margin for the same period stands at 9.70%. Its gross profit as reported stood at $4.97 billion compared to revenue of $14.2 billion.
Earnings Surprise
For the three-month period that ended June 29, Tractor Supply Company had $1.73 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $421.23 million in the quarter, while revenues were grew 5.88%. The analyst consensus anticipated Tractor Supply Company’s latest quarter earnings to come in at $3.92 per share, but it turned out to be $3.83, a -2.30% surprise. For the quarter, EBITDA amounted to $661.61 million. Shareholders own equity worth $108.81 million.
Technical Picture
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 11 August was 53.37%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.60%.
As of today, TSCO’s price is $222.70 +0.09% or $0.21 from its 5-day moving average. TSCO is currently trading +3.53% higher than its 20-day SMA and -4.16% lower than its 100-day SMA. However, the stock’s current price level is +6.17% above the SMA50 and +7.07% above the SMA200.
The stochastic %K and %D were 64.83% and 64.35%, respectively, and the average true range (ATR) was 4.24. With the 14-day stochastic at 62.75% and the average true range at 4.38, the RSI (14) stands at 53.33%. The stock has reached -0.70 on the 9-day MACD Oscillator while the 14-day reading was at 0.70.
Analyst Ratings
Barclays downgraded Tractor Supply Company (NASDAQ: TSCO) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. 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 14 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 18 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 $210.00 and $280.00, with a median target of $251.05. Taking a look at these predictions, the average price target given by analysts for Tractor Supply Company (TSCO) stock is $246.37.
