Tractor Supply Co. (NASDAQ: TSCO) has a price-to-earnings ratio that is above its average at 24.79x. The stock has a 36-month beta value of 0.84. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 5 as “overweight,” 19 as “hold,” and 0 as “sell.”
The public float for TSCO is 107.60M, and at present, short sellers hold a 7.94% of that float. On April 12, 2024, the average trading volume of TSCO was 1.15M shares.
TSCO) stock’s latest price update
Tractor Supply Co. (NASDAQ: TSCO) has experienced a decline in its stock price by -1.23 compared to its previous closing price of 253.30. However, the company has seen a fall of -0.92% in its stock price over the last five trading days. The Motley Fool reported 2024-04-08 that The dominant rural lifestyle retailer has a large and growing base of loyal customers. It has increased its dividend every year for 15 years straight.
TSCO’s Market Performance
Tractor Supply Co. (TSCO) has experienced a -0.92% fall in stock performance for the past week, with a 0.20% rise in the past month, and a 13.71% rise in the past quarter. The volatility ratio for the week is 2.35%, and the volatility levels for the past 30 days are at 2.17% for TSCO. The simple moving average for the last 20 days is -2.46% for TSCO’s stock, with a simple moving average of 13.16% for the last 200 days.
Analysts’ Opinion of TSCO
Many brokerage firms have already submitted their reports for TSCO stocks, with Mizuho repeating the rating for TSCO by listing it as a “Neutral.” The predicted price for TSCO in the upcoming period, according to Mizuho is $245 based on the research report published on March 19, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see TSCO reach a price target of $250, previously predicting the price at $245. The rating they have provided for TSCO stocks is “Outperform” according to the report published on February 02nd, 2024.
Raymond James gave a rating of “Outperform” to TSCO, setting the target price at $250 in the report published on February 02nd of the current year.
TSCO Trading at 1.27% from the 50-Day Moving Average
After a stumble in the market that brought TSCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.65% of loss for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 2.35%, as shares sank -1.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.83% upper at present.
During the last 5 trading sessions, TSCO fell by -0.92%, which changed the moving average for the period of 200-days by +14.21% in comparison to the 20-day moving average, which settled at $256.33. In addition, Tractor Supply Co. saw 16.35% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TSCO starting from Barton Kurt D, who sale 4,335 shares at the price of $257.00 back on Mar 15 ’24. After this action, Barton Kurt D now owns 20,678 shares of Tractor Supply Co., valued at $1,114,095 using the latest closing price.
Yankee Colin, the EVP Chief Supply Chain Officer of Tractor Supply Co., sale 8,675 shares at $250.00 during a trade that took place back on Feb 28 ’24, which means that Yankee Colin is holding 9,673 shares at $2,168,750 based on the most recent closing price.
Stock Fundamentals for TSCO
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.36 for the gross margin
The net margin for Tractor Supply Co. stands at 0.08. The total capital return value is set at 0.21. Equity return is now at value 52.82, with 11.89 for asset returns.
Based on Tractor Supply Co. (TSCO), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.63. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is 31.8.
Currently, EBITDA for the company is 1.87 billion with net debt to EBITDA at 2.48. When we switch over and look at the enterprise to sales, we see a ratio of 2.17. The receivables turnover for the company is 5914.56for trailing twelve months and the total asset turnover is 1.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.50.
Conclusion
To sum up, Tractor Supply Co. (TSCO) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
