Tractor Supply Company (NASDAQ:TSCO) stock went on an upward path that rose over 3.03% on Thursday, amounting to a one-week price increase of more than 5.49%. Over the last 12 months, TSCO stock rose by 12.01%. The one-year TSCO stock forecast points to a potential downside of -0.14, with the average price target set at $110.43 per share. The average equity rating for TSCO stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for TSCO stock reached $11.64 billion, with 118.73 million shares outstanding and 118.73 million shares in the current float. Compared to the average trading volume of 1.48M shares, TSCO reached a trading volume of 3820409 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $111.95 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 2.20. 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.
Wolfe Research have made an estimate for Tractor Supply Company shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on October 08, 2019. While these analysts kept the previous recommendation, Raymond James raised their target price to Strong Buy. The new note on the price target was released on October 08, 2019, representing the official price target for Tractor Supply Company stock. Previously, the target price had yet another raise to $110, while Northcoast analysts kept a Buy rating on TSCO stock. On September 20, 2019, analysts decreased their price target for TSCO shares from 120 to 110.
The Average True Range (ATR) for Tractor Supply Company is set at 2.22, with the Price to Sales ratio for TSCO stock in the period of the last 12 months amounting to 1.42. The Price to Book ratio for the last quarter was 7.64, with the Price to Cash per share for the same quarter was set at 0.88. Price to Free Cash Flow for TSCO in the course of the last twelve months was 31.58 with Quick ratio for the last quarter at 0.20.
TSCO stock trade performance evaluation
Tractor Supply Company (TSCO) gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.49. With this latest performance, TSCO shares gained by 8.16% in over the last four-week period, additionally sinking by -6.78% over the last 6 months – not to mention a rise of 12.01% 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 63.19, with the RSI for the last a single of trading hit 72.89, and the three-weeks RSI is set at 55.69 for Tractor Supply Company (TSCO). The present Moving Average for the last 50 days of trading for this stock 96.26, while it was recorded at 94.60 for the last single week of trading, and 99.31 for the last 200 days.
Tractor Supply Company (TSCO): An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Tractor Supply Company (TSCO) shares currently have an operating margin of +8.87 and a Gross Margin at +31.92. Tractor Supply Company’s Net Margin is presently recorded at +6.73.
Return on Total Capital for TSCO is now 36.14, given the latest momentum, and Return on Invested Capital for the company is 27.84. Return on Equity for this stock inclined to 35.72, with Return on Assets sitting at 17.36. When it comes to the capital structure of this company, Tractor Supply Company (TSCO) has a Total Debt to Total Equity ratio set at 28.19. Additionally, TSCO Total Debt to Total Capital is recorded at 21.99, with Total Debt to Total Assets ending up at 13.81. Long-Term Debt to Equity for the company is recorded at 26.28, with the Long-Term Debt to Total Capital now at 20.50.
Reflecting on the efficiency of the workforce at the company, Tractor Supply Company (TSCO) managed to generate an average of $17,454 per employee. Receivables Turnover for the company is 1,783.57 with a Total Asset Turnover recorded at a value of 2.58. Tractor Supply Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 1.50.
Earnings per share (EPS) analysis for Tractor Supply Company (TSCO) stock
With the latest financial reports released by the company, Tractor Supply Company posted 0.95/share EPS, while the average EPS was predicted by analysts to be reported at 0.87/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.20%. 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 11.47%.
Tractor Supply Company (TSCO): Insider Ownership positions
There are presently around $9,636 million, or 87.30% of TSCO stock, in the hands of institutional investors. The top three institutional holders of TSCO stocks are: VANGUARD GROUP INC with ownership of 12,763,308, which is approximately 0.75% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 9,529,219 shares of the stock with an approximate value of $906.42 million in TSCO stocks shares; and STATE STREET CORP, currently with $513.35 million in TSCO stock with ownership of nearly -0.76% 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 288 institutional holders increased their position in Tractor Supply Company (NASDAQ:TSCO) by around 7,779,455 shares. Additionally, 334 investors decreased positions by around 6,010,956 shares, while 121 investors held positions by with 87,512,333 shares. The mentioned changes placed institutional holdings at 101,302,744 shares, according to the latest SEC report filing. TSCO stock had 67 new institutional investments in for a total of 1,388,245 shares, while 63 institutional investors sold positions of 1,182,487 shares during the same period.