Friday, November 27, 2020

Tractor Supply Company [TSCO] Stock trading around $139.82 per share: What’s Next?

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Tractor Supply Company [NASDAQ: TSCO] gained 2.04% or 2.8 points to close at $139.82 with a heavy trading volume of 1947874 shares. The company report on October 22, 2020 that Tractor Supply Company Reports Record Third Quarter 2020 Financial Results and Details Life Out Here Strategy.

Third Quarter 2020 Financial Highlights and Fourth Quarter 2020 Outlook.


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Net Sales Increased 31.4%; Comparable Store Sales Increased 26.8%.

It opened the trading session at $137.68, the shares rose to $140.28 and dropped to $136.27, the range by which the price of stock traded the whole day. The daily chart for TSCO points out that the company has recorded 35.63% gains over the past six months. However, it is still -118.84% lower than its most recent low trading price.

If we look at the average trading volume of 1.31M shares, TSCO reached to a volume of 1947874 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $153.63 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 2.40. 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.

Exane BNP Paribas have made an estimate for Tractor Supply Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 05, 2020. The new note on the price target was released on August 26, 2020, representing the official price target for Tractor Supply Company stock. Previously, the target price had yet another raise to $162, while DA Davidson analysts kept a Neutral rating on TSCO stock.

The Average True Range (ATR) for Tractor Supply Company is set at 4.24, with the Price to Sales ratio for TSCO stock in the period of the last 12 months amounting to 1.60. The Price to Book ratio for the last quarter was 8.67, with the Price to Cash per share for the same quarter was set at 9.76. Price to Free Cash Flow for TSCO in the course of the last twelve months was 15.95 with Quick ratio for the last quarter at 0.60.

Trading performance analysis for TSCO stock

Tractor Supply Company [TSCO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.67. With this latest performance, TSCO shares gained by 1.13% in over the last four-week period, additionally plugging by 35.63% over the last 6 months – not to mention a rise of 42.67% 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 39.11, with the RSI for the last a single of trading hit 35.51, and the three-weeks RSI is set at 44.01 for Tractor Supply Company [TSCO]. The present Moving Average for the last 50 days of trading for this stock 145.62, while it was recorded at 145.33 for the last single week of trading, and 118.00 for the last 200 days.

Tractor Supply Company [TSCO]: A deeper dive into fundamental analysis

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 0.60 and a Current Ratio set at 1.50.

Tractor Supply Company [TSCO]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Tractor Supply Company posted 1.02/share EPS, while the average EPS was predicted by analysts to be reported at 1.03/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1.00%. 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 15.16%.

An analysis of insider ownership at Tractor Supply Company [TSCO]

There are presently around $14,138 million, or 89.00% of TSCO stock, in the hands of institutional investors. The top three institutional holders of TSCO stocks are: VANGUARD GROUP INC with ownership of 12,783,872, which is approximately -2.499% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 9,040,551 shares of the stock with an approximate value of $1.26 billion in TSCO stocks shares; and STATE STREET CORP, currently with $754.72 million in TSCO stock with ownership of nearly -0.147% of the company’s market capitalization.

Positions in Tractor Supply Company stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 362 institutional holders increased their position in Tractor Supply Company [NASDAQ:TSCO] by around 12,790,609 shares. Additionally, 342 investors decreased positions by around 11,354,435 shares, while 103 investors held positions by with 76,968,537 shares. The mentioned changes placed institutional holdings at 101,113,581 shares, according to the latest SEC report filing. TSCO stock had 149 new institutional investments in for a total of 3,059,311 shares, while 59 institutional investors sold positions of 1,421,067 shares during the same period.

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