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Wednesday, February 8, 2023

Tractor Supply Company (TSCO): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Tractor Supply Company (TSCO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $1.53, or 0.68%, to $226.50. The Tractor Supply Company has recorded 33,126 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Tractor Supply Releases 2021 Task Force on Climate-Related Financial Disclosures Report.

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Stocks Info

This NASDAQ-listed company operates within the Specialty Retail industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $224.97 and fluctuated between $226.10 as its day high and $223.02 as its day low. The current market capitalization of Tractor Supply Company is $25.07B. A total of 0.72 million shares were traded on the day, compared to an average of 1.18M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, TSCO has seen 4 BUY and 11 SELL insider trades, representing the acquisition of 10,500 and the disposition of 33,756 shares. Over the last 12 months, there were 40 BUYs and 61 SELLs from insiders. Insiders purchased 139,746 shares during that period but sold 126,039.

In the most recent transaction, Barton Kurt D sold 7,257 shares of TSCO for 220.00 per share on Nov 16. After the transaction, the EVP Chief Financial Officer now owns 34,045 company shares. In a previous transaction on Nov 09, Rubin Matthew L. sold 31 shares at 204.00 per share. TSCO shares that SVP Petsense GM owns now total 49.

Among the insiders who sold shares, Rubin Matthew L. disposed of 1,469 shares on Nov 09 at a per-share price of $204.00. This resulted in the SVP Petsense GM holding 4,238 shares of TSCO after the transaction. In another insider transaction, Kersey Melissa sold 4,921 shares at $221.19 per share on Nov 01. Company shares held by the EVP Chief HR Officer now total 4,573.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Tractor Supply Company pays an annual dividend of $3.68, resulting in a dividend yield of 1.64%, and it has a price to earnings (P/E) ratio of 24.43. TSCO’s most recent ex-dividend date was 11/18/2022 when it declared a $0.92 quarterly dividend that was paid in cash on 12/6/2022. Previously, the company paid the dividend on 9/7/2022 with an ex-dividend date of 8/19/2022. The TSCO stock dividend was $0.92 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for TSCO in the last 3 months, the mean price target is $231.71 with high estimates of $270.00 and low estimates of $195.00. In terms of 52-week highs and lows, TSCO has a high of $241.54 and a low of $166.49.

As of this writing, TSCO has an earnings estimate of $2.35 per share for the current quarter. EPS was calculated based on a consensus of 25 estimates, with a high estimate of $2.41 per share and a lower estimate of $2.29. The company reported an EPS of $3.53 in the last quarter, which was 0.60% higher than expectations of $3.51.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 32 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TSCO is Sell with a score of 4.27. A total of 17 analysts rated the stock as Buy while 3 rated it as Overweight while 11 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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