As of Thursday close, Tractor Supply Company’s (NASDAQ:TSCO) stock was down -$2.96, moving down -1.43 percent to $204.59. The average number of shares traded per day over the past five days has been 1,146,500 shares. 1 time new highs have been achieved over the past 5 days, with a -$11.34 fall in that time frame. In the last twenty days, the average volume was 1,178,740, while in the previous 50 days, it was 1,234,786.
Since last month, TSCO stock retreated -4.84%. Shares of the company fell to $203.40 on 09/21/23, the lowest level in the past month. A 52-week high of $251.17 was reached on 04/21/23 after having rallying from a 52-week low of $181.40. Since the beginning of this year, TSCO’s stock price has dropped by -9.06% or -$20.38, and marked a new high 11 times. However, the stock has declined by -18.55% since its 52-week high.
TSCO stock investors should be aware that Tractor Supply Company (TSCO) stock had its last reported insider trading activity 38 days ago on Aug 15. Brown Joy, the Director of the company, disposed of 500 shares for $221.59 on Aug 15. It resulted in a $110,798 divestment by the insider. Barton Kurt D sold 7,487 shares at an average price of $222.43 on Aug 14. The insider now owns 19,574 shares following the transaction. On May 17, EVP – CMO Estep Jonathan S sold 12,074 shares at $226.20 apiece. The transaction was valued at $2,731,139.
Valuation Metrics
Right now, Tractor Supply Company (TSCO) has a P/E ratio of about 20.43. The stock’s beta is 0.81. Besides these, the trailing price-to-sales (P/S) ratio of 1.53, the price-to-book (PB) ratio of 10.73, and the price-to-cash flow ratio of 34.42 may also be considered.
The latest dividend of $1.03 per share was paid out, remained unchanged from last year’s $1.03. On Wednesday February 8 2023, a $0.11 dividend increase was announced.
Financial Health
In the three months ended June 29, Tractor Supply Company’s quick ratio stood at 0.40, while its current ratio was 1.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.84, and the total debt-to-equity ratio was 0.84. On the profitability front, the trailing twelve-month gross margin is 35.30% percent. In the year ended June 29, EBITDA margin amounted to 12.52%, whereas operating margins totaled 10.00%. Based on annual data, TSCO earned $4.97 billion in gross profit and brought in $14.2 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 34.50%. Return on equity (ROE) for the past 12 months was 55.60%.
In Tractor Supply Company’s quarter-end financial report for June 29, it reported total debt of $1.73 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TSCO’s revenue rose 6.72% to $3.3 billion during the quarter, while net income inched up to $4.18 billion. While analysts expected Tractor Supply Company to report $3.92 quarterly earnings, the actual figure was $3.83 per share, beating the consensus estimate by -2.30%. During the quarter, the company generated $661.61 million in EBITDA. The liabilities of Tractor Supply Company were 6.95 billion at the end of its most recent quarter ended June 29, and its total debt was $4.84 billion. The value of shareholders’ equity is $108.81 million.
Technical Picture
This quick technical analysis looks at Tractor Supply Company’s (TSCO) price momentum. With a historical volatility rate of 9.94%, the RSI 9-day stood at 22.01% on 21 September.
With respect to its five-day moving average, the current Tractor Supply Company price is down by -5.25% percent or -$11.34. At present, TSCO shares trade -4.66% below its 20-day simple moving average and -14.18% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.33% below its SMA50 and -9.05% below its SMA200.
Stochastic coefficient K was 10.30% and Stochastic coefficient D was 9.85%, while ATR was 3.61. Given the Stochastic reading of 6.90% for the 14-day period, the RSI (14) reading has been calculated as 29.45%. As of today, the MACD Oscillator reading stands at -4.93, while the 14-day reading stands at -7.00.
Analyst Ratings
Tractor Supply Company downgraded its rating on Tractor Supply Company (NASDAQ: TSCO) to an Equal weight in a note to investors on July 31, 2023. The analysts firm previously had an Overweight rating on the stock.Tractor Supply Company (TSCO) has been rated Overweight by analysts. According to 0 brokerage firms, TSCO is a sell, and 14 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Tractor Supply Company stock as buy, with 16 recommending it as overweight.
With a median target price of $250.00, the current consensus forecast for the stock is $210.00 – $280.00. Based on these forecasts, analysts predict Tractor Supply Company (TSCO) will achieve an average price target of $245.22.
