Tractor Supply Co. (NASDAQ: TSCO): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Tractor Supply Ties for Top Ranking Amongst Specialty Retailers in American Customer Satisfaction Index (ACSI®) Debut.

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Stocks Info

TSCO belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Specialty Retail industry. At the end of the last regular session, the stock closed at $242.71 and fluctuated between $246.76 as its day high and $242.36 as its day low. The current market capitalization of Tractor Supply Co. is $26.24B. A total of 1.45 million shares were traded on the day, compared to an average of 1.28M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, TSCO has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 16 BUYs and 10 SELLs from insiders. Insiders purchased 10,727 shares during that period but sold 38,825.

In the most recent transaction, Ordus John P sold 26,802 shares of TSCO for 238.00 per share on Feb 22. After the transaction, the EVP Chief Stores Officer now owns 17,184 company shares. In a previous transaction on Feb 21, Estep Jonathan S sold 16,819 shares at 235.00 per share. TSCO shares that EVP Chief Merchandise Officer owns now total 13,570.

Among the insiders who sold shares, Rubin Matthew L. disposed of 725 shares on Feb 15 at a per-share price of $238.09. This resulted in the SVP Petsense GM holding 5,710 shares of TSCO after the transaction. In another insider transaction, Mills Robert D sold 48,334 shares at $232.23 per share on Feb 14. Company shares held by the EVP Chief Technology Officer now total 22,167.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Tractor Supply Co. pays an annual dividend of $4.19, resulting in a dividend yield of 1.73%, and it has a price to earnings (P/E) ratio of 24.05. TSCO’s most recent ex-dividend date was 2/23/2024 when it declared a $1.10 quarterly dividend that was paid in cash on 3/12/2024. Previously, the company paid the dividend on 12/12/2023 with an ex-dividend date of 11/24/2023. The TSCO stock dividend was $1.03 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for TSCO in the last 3 months, the mean price target is $241.73 with high estimates of $270.00 and low estimates of $173.00. In terms of 52-week highs and lows, TSCO has a high of $251.17 and a low of $185.00.

As of this writing, TSCO has an earnings estimate of $1.71 per share for the current quarter. EPS was calculated based on a consensus of 25 estimates, with a high estimate of $1.79 per share and a lower estimate of $1.58. The company reported an EPS of $2.33 in the last quarter, which was 1.70% higher than expectations of $2.29.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. TSCO’s latest balance sheet shows that the firm has $878.03M in Cash & Short Term Investments as of fiscal 2021. There were $3.92B in debt and $2.06B in liabilities at the time. Its Book Value Per Share was $19.91, while its Total Shareholder’s Equity was $2.00B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.86.

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