Tractor Supply Co. (NASDAQ: TSCO) is 38.62% higher on its value in year-to-date trading and has touched a low of $185.00 and a high of $296.83 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 $295.14 in the last trading session, with the day’s gains setting it 2.93%.
Currently trading at $298.07, the stock is 6.96% and 10.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing 0.99% at the moment leaves the stock 16.06% off its SMA200. TSCO registered 46.47% gain for a year compared to 6-month gain of 18.22%. The firm has a 50-day simple moving average (SMA 50) of $270.2452 and a 200-day simple moving average (SMA200) of $257.1975.
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The stock witnessed a 11.08% loss in the last 1 month and extending the period to 3 months gives it a 13.92%, and is 6.13% 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 1.76% over the week and 1.97% over the month.
Tractor Supply Co. (TSCO) has around 50000 employees, a market worth around $32.15B and $14.71B in sales. Current P/E ratio is 28.76 and Fwd P/E is 26.55. Profit margin for the company is 7.65%. Distance from 52-week low is 61.12% and 0.42% from its 52-week high. The company has generated returns on investments over the last 12 months (15.98%).
Tractor Supply Co. quarterly earnings per share for the current quarter are estimated at 2.23 with sales reaching $3.48B over the same period.The EPS is expected to grow by 1.97% this year, but quarterly earnings will post 2.40% year-over-year.
1545.0 institutions hold shares in Tractor Supply Co. (TSCO), with institutional investors hold 96.02% of the company’s shares. The shares outstanding are 107.98M, and float is at 107.55M with Short Float at 6.79%. Institutions hold 95.77% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 12.91 million shares valued at $3.49 billion. The investor’s holdings represent 11.9596 of the TSCO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.42 million shares valued at $2.54 billion to account for 8.7286 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 4.89 million shares representing 4.5342 and valued at over $1.32 billion, while WELLINGTON MANAGEMENT GROUP LLP holds 4.2423 of the shares totaling 4.58 million with a market value of $1.24 billion.
Tractor Supply Co. (TSCO) Insider Activity
Tractor Supply Co. disclosed in a document filed with the SEC on Aug 28 ’24 that Barton Kurt D (EVP Chief Financial Officer) sold a total of 10,995 shares of the company’s common stock. The trade occurred on Aug 28 ’24 and was made at $275.00 per share for $3.02 million. Following the transaction, the insider now directly holds 9683.0 shares of the TSCO stock.
Still, SEC filings show that on Aug 28 ’24, Barton Kurt D (Officer) Proposed Sale 10,995 shares at an average price of $275.00 for $3.02 million. The insider now directly holds shares of Tractor Supply Co. (TSCO).
