Tractor Supply Company (NASDAQ:TSCO) saw a downside of -0.29% to close Tuesday at $215.00 after subtracting -$0.62 on the day. The 5-day average trading volume is 1,139,000 shares of the company’s common stock. It has gained $223.05 in the past week and touched a new high 1 time within the past 5 days. An average of 1,130,780 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,261,934.
TSCO’s 1-month performance is 0.16% or -$0.69 on its low of $208.59 reached on 07/25/23. The company’s shares have touched a 52-week low of $181.40 and high of $251.17, with the stock’s rally to the 52-week high happening on 04/21/23. YTD, TSCO has lost -4.43% or -$9.97 and has reached a new high 11 times. However, the current price is down -14.40% from the 52-week high price.
Insider Transactions
TSCO stock investors last saw insider trading activity on Aug 15.Brown Joy (Director) most recently sold 500 shares at $221.59 per share on Aug 15. This transaction cost the insider $110,798. EVP Chief Financial Officer, Barton Kurt D, sold 7,487 shares at a price of $222.43 on Aug 14. Then, on May 17, EVP – CMO Estep Jonathan S sold 12,074 shares at a price of $226.20 per share. This transaction amounted to $2,731,139.
Valuation Metrics
TSCO stock has a beta of 0.81. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.58 while the price-to-book (PB) in the most recent quarter is 11.27, with the price to cash flow ratio at 35.60.
Tractor Supply Company’s quick ratio for the period ended June 29 was 0.40, with the current ratio over the same period at 1.60. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.84, while the total debt to equity was 0.84.. In terms of profitability, the gross margin trailing 12 months is 35.30%. The trailing 12-month EBITDA margin is 12.52% while for the period ending June 29, Tractor Supply Company’s operating margin was 10.00%. The firm’s gross profit as reported stood at $4.97 billion against revenue of $14.2 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 5.88% to $421.23 million, while revenue of $183.09 million was 56.53% off the previous quarter. Analysts expected TSCO to announce $3.92 per share in earnings in its latest quarter, but it posted $3.83, representing a -2.30% surprise. EBITDA for the quarter stood at more than $661.61 million. TSCO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 6.95 billion, with total debt at $4.84 billion. Shareholders hold equity totaling $108.81 million.
Let’s look briefly at Tractor Supply Company (TSCO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 29.75% to suggest the stock is trending oversold, with historical volatility in this time period at 8.06%.
The stock’s 5-day moving average is $217.96, reflecting a -3.17% or -$7.05 change from its current price. TSCO is currently trading +1.07% above its 20-day SMA, -6.70% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.02% and SMA200 by+1.70%.
Stochastic %K and %D was 12.92% and 8.07% and the average true range (ATR) pointed at 4.22. The RSI (14) points at 38.51%, while the 14-day stochastic is at 28.78% with the period’s ATR at 4.26. The stock’s 9-day MACD Oscillator is pointing at -3.25 and -4.59 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Tractor Supply Company (NASDAQ: TSCO), Barclays downgraded it to an Equal weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for TSCO stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate TSCO as a “sell,”, while 14 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 17 have offered a “buy” rating.
What is TSCO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $210.00 and a high of $280.00, with their median price target at $250.00. Looking at these predictions, the average price target given by analysts is for Tractor Supply Company (TSCO) stock is $245.90.
