Saturday, January 16, 2021

Tractor Supply Company [TSCO] Revenue clocked in at $8.49 billion, up 30.82% YTD: What’s Next?

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Tractor Supply Company [NASDAQ: TSCO] stock went on an upward path that rose over 0.09% on Monday, amounting to a one-week price decrease of less than -0.34%. Over the last 12 months, TSCO stock rose by 12.59%. The one-year Tractor Supply Company stock forecast points to a potential downside of -0.02. The average equity rating for TSCO stock is currently 2.30, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $14.16 billion, with 116.74 million shares outstanding and 115.08 million shares in the current float. Compared to the average trading volume of 1.88M shares, TSCO stock reached a trading volume of 1417501 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Guru’s Opinion on Tractor Supply Company [TSCO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TSCO shares is $122.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TSCO stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Tractor Supply Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 02, 2020. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $110 to $140. The new note on the price target was released on May 27, 2020, representing the official price target for Tractor Supply Company stock.

The Average True Range (ATR) for Tractor Supply Company is set at 3.29, with the Price to Sales ratio for TSCO stock in the period of the last 12 months amounting to 1.67. The Price to Book ratio for the last quarter was 10.54, with the Price to Cash per share for the same quarter was set at 3.98. Price to Free Cash Flow for TSCO in the course of the last twelve months was 27.00 with Quick ratio for the last quarter at 0.40.

TSCO Stock Performance Analysis:

Tractor Supply Company [TSCO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.34. With this latest performance, TSCO shares gained by 16.23% in over the last four-week period, additionally plugging by 26.75% over the last 6 months – not to mention a rise of 12.59% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TSCO stock in for the last two-week period is set at 74.58, with the RSI for the last a single of trading hit 74.34, and the three-weeks RSI is set at 70.95 for Tractor Supply Company [TSCO]. The present Moving Average for the last 50 days of trading for this stock 102.47, while it was recorded at 122.68 for the last single week of trading, and 95.68 for the last 200 days.

Insight into Tractor Supply Company Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Tractor Supply Company [TSCO] shares currently have an operating margin of +8.90 and a Gross Margin at +32.04. Tractor Supply Company’s Net Margin is presently recorded at +6.73.

Return on Total Capital for TSCO is now 23.68, given the latest momentum, and Return on Invested Capital for the company is 18.94. Return on Equity for this stock inclined to 35.95, with Return on Assets sitting at 13.27. When it comes to the capital structure of this company, Tractor Supply Company [TSCO] has a Total Debt to Total Equity ratio set at 172.88. Additionally, TSCO Total Debt to Total Capital is recorded at 63.35, with Total Debt to Total Assets ending up at 51.22. Long-Term Debt to Equity for the company is recorded at 153.02, with the Long-Term Debt to Total Capital now at 56.08.

Reflecting on the efficiency of the workforce at the company, Tractor Supply Company [TSCO] managed to generate an average of $16,787 per employee. Receivables Turnover for the company is 4,063.21 with a Total Asset Turnover recorded at a value of 1.97.Tractor Supply Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 1.70.

TSCO Stock EPS

With the latest financial reports released by the company, Tractor Supply Company posted 1.8/share EPS, while the average EPS was predicted by analysts to be reported at 1.8/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TSCO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tractor Supply Company go to 10.96%.

Tractor Supply Company [TSCO] Insider Position Details

There are presently around $12,151 million, or 88.30% of TSCO stock, in the hands of institutional investors. The top three institutional holders of TSCO stocks are: VANGUARD GROUP INC with ownership of 13,111,512, which is approximately 2.187% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 9,741,062 shares of the stock with an approximate value of $1.19 billion in TSCO stocks shares; and STATE STREET CORP, currently with $660.2 million in TSCO stock with ownership of nearly 2.995% of the company’s market capitalization.

Positions in Tractor Supply Company stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 270 institutional holders increased their position in Tractor Supply Company [NASDAQ:TSCO] by around 14,370,013 shares. Additionally, 393 investors decreased positions by around 16,483,286 shares, while 102 investors held positions by with 68,637,389 shares. The mentioned changes placed institutional holdings at 99,490,688 shares, according to the latest SEC report filing. TSCO stock had 69 new institutional investments in for a total of 3,167,143 shares, while 111 institutional investors sold positions of 2,845,195 shares during the same period.

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