Tractor Supply Co. (NASDAQ: TSCO) is 21.12% higher on its value in year-to-date trading and has touched a low of $185.00 and a high of $268.02 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TSCO stock was last observed hovering at around $258.06 in the last trading session, with the day’s gains setting it 2.38%.
Currently trading at $260.44, the stock is 2.36% and 7.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing 0.92% at the moment leaves the stock 18.78% off its SMA200. TSCO registered 13.35% gain for a year compared to 6-month gain of 28.28%. The firm has a 50-day simple moving average (SMA 50) of $2.25 and a 200-day simple moving average (SMA200) of $17.49.
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The stock witnessed a 3.68% loss in the last 1 month and extending the period to 3 months gives it a 23.59%, and is 1.33% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.12% over the week and 1.94% over the month.
Tractor Supply Co. (TSCO) has around 50000 employees, a market worth around $28.11B and $14.56B in sales. Current P/E ratio is 25.81 and Fwd P/E is 23.08. Profit margin for the company is 7.61%. Distance from 52-week low is 40.78% and -2.83% from its 52-week high. The company has generated returns on investments over the last 12 months (16.25%).
Tractor Supply Co. quarterly earnings per share for the current quarter are estimated at $1.71 with sales reaching $3.4B over the same period.The EPS is expected to grow by 1.33% this year, but quarterly earnings will post 2.90% year-over-year. Quarterly sales are estimated to grow 2.40% in year-over-year returns.
1,479 institutions hold shares in Tractor Supply Co. (TSCO), with institutional investors hold 101.47% of the company’s shares. The shares outstanding are 107.98M, and float is at 107.61M with Short Float at 9.84%. Institutions hold 100.83% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 12.85 million shares valued at $2.84 billion. The investor’s holdings represent 11.81% of the TSCO Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 10.08 million shares valued at $2.23 billion to account for 9.26% of the shares outstanding. The other top investors are State Street Corporation which holds 4.57 million shares representing 4.20% and valued at over $1.01 billion, while Capital World Investors holds 3.21% of the shares totaling 3.5 million with a market value of $773.29 million.
Tractor Supply Co. (TSCO) Insider Activity
The most recent transaction is an insider sale by Barton Kurt D, the company’s EVP Chief Financial Officer. SEC filings show that Barton Kurt D sold 4,335 shares of the company’s common stock on Mar 15 ’24 at a price of $257.00 per share for a total of $1.11 million. Following the sale, the insider now owns 20678.0 shares.
Tractor Supply Co. disclosed in a document filed with the SEC on Feb 28 ’24 that Yankee Colin (EVP Chief Supply Chain Officer) sold a total of 8,675 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $250.00 per share for $2.17 million. Following the transaction, the insider now directly holds 9673.0 shares of the TSCO stock.
Still, SEC filings show that on Feb 23 ’24, Ellison Noni L (SVP General Counsel) disposed off 6,199 shares at an average price of $241.79 for $1.5 million. The insider now directly holds 6,032 shares of Tractor Supply Co. (TSCO).
