Better Times Ahead For Tractor Supply Co (NASDAQ: TSCO)?

Tractor Supply Co (TSCO) concluded trading on Tuesday at a closing price of $53.06, with 4.2 million shares of worth about $223.11 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.27% during that period and on December 31, 2024 the price saw a gain of about 0.89%. Currently the company’s common shares owned by public are about 539.34M shares, out of which, 537.75M shares are available for trading.

Stock saw a price change of -1.17% in past 5 days and over the past one month there was a price change of -6.48%. Year-to-date (YTD), TSCO shares are showing a performance of 23.38% which increased to 23.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $42.35 but also hit the highest price of $61.53 during that period. The average intraday trading volume for Tractor Supply Co shares is 5.16 million. The stock is currently trading -4.06% below its 20-day simple moving average (SMA20), while that difference is down -4.55% for SMA50 and it goes to -2.73% lower than SMA200.

Tractor Supply Co (NASDAQ: TSCO) currently have 539.34M outstanding shares and institutions hold larger chunk of about 96.21% of that.

The stock has a current market capitalization of $28.87B and its 3Y-monthly beta is at 0.84. PE ratio of stock for trailing 12 months is 25.82, while it has posted earnings per share of $2.06 in the same period. Its PEG reads 3.87 and has Quick Ratio of 0.17 while making debt-to-equity ratio of 2.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TSCO, volatility over the week remained 2.56% while standing at 2.50% over the month.

Analysts are in expectations that Tractor Supply Co (TSCO) stock would likely to be making an EPS of 0.46 in the current quarter, while forecast for next quarter EPS is 0.37 and it is 2.21 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.42 which is 0.49 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.46 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 1.86% while it is estimated to increase by 7.04% in next year. EPS is likely to shrink at an annualized rate of 6.68% for next 5-years, compared to annual growth of 18.53% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Telsey Advisory Group on October 17, 2024 offering an Outperform rating for the stock and assigned a target price range of between $300 and $335 to it. Coverage by Evercore ISI stated Tractor Supply Co (TSCO) stock as an In-line in their note to investors on October 03, 2024, suggesting a price target of $300 for the stock. On July 26, 2024, Telsey Advisory Group Reiterated their recommendations, while on May 01, 2024, Telsey Advisory Group Reiterated their ratings for the stock with a price target of $305. Stock get an Outperform rating from Telsey Advisory Group on April 26, 2024.

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