122.03 +0.01 (0.01%)
After hours: 7:05PM EDT
|Bid||122.02 x 800|
|Ask||122.18 x 800|
|Day's Range||118.33 - 122.52|
|52 Week Range||63.89 - 122.52|
|Beta (5Y Monthly)||0.95|
|PE Ratio (TTM)||25.63|
|Earnings Date||Jul 23, 2020|
|Forward Dividend & Yield||1.40 (1.18%)|
|Ex-Dividend Date||May 22, 2020|
|1y Target Est||103.38|
Tractor Supply (TSCO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
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Tennessee-based Tractor Supply saw its Relative Strength Rating reach the elite 90-plus level. The stock is currently in buy zone.
Tractor Supply is forecasting better-than-expected second-quarter sales and earnings, sending shares higher.
Tractor Supply (TSCO) saw a big move last session, as its shares jumped nearly 8% on the day, amid huge volumes.
The number of deaths from the coronavirus that causes COVID-19 rose above 353,000 on Wednesday, as the World Health Organization said the Americas are at the center of the pandemic following surges in infections in Brazil, Peru, Chile and others in the past few days.
IBD Stock Of The Day: Tractor Supply broke out to a buy zone after the farm supply retailer reported faster Q1 growth and a very strong coronavirus outlook.
Tractor Supply Company (TSCO) has been witnessing significant growth in its online business since the beginning of second-quarter 2020.
Tractor Supply Company (NASDAQ: TSCO) expects record-breaking sales and earnings in the second quarter as a result of over 100 initiatives the rural lifestyle retailer implemented to meet the challenges of the COVID-19 pandemic. Although Tractor Supply won't report earnings until July 23, it says net sales and comparable sales are expected to grow 20% or more for the period. No fewer than 11 firms increased their price targets for Tractor Supply, with an average boost of 19%.
Tractor Supply expects net sales growth of 24% to 29% and comparable-store sales growth of 20% to 25% during the current quarter.
The home-improvement retailer said it expects to earn between $2.45 and $2.65 in the quarter, well ahead of the $1.78 that analysts are forecasting.
Shares in Tractor Supply (TSCO) surged 9% in Tuesday’s after-hours trading, after the company pre-announced surprisingly impressive Q2 trends, featuring +24-29% sales growth and +20-25% comparable store sales growth.“Our outlook for record-breaking sales and earnings in the second quarter demonstrates the potential for Tractor Supply to emerge stronger than before as we continue to gain market share and build our business for the future,” said Hal Lawton, Tractor Supply’s CEO.Notably, TSCO’s e-commerce business has experienced substantial growth quarter-to-date with many customers choosing Buy Online, Pickup At Store and the new contactless curbside delivery option, the company stated.And while there is still a significant portion of the second quarter ahead, Tractor Supply is now forecasting net sales growth of 24% to 29% and comparable store sales growth of 20% to 25%.Building on first quarter momentum, the company’s gross profit performance continues to be strong with gross margin expansion anticipated for the second quarter.“For the second quarter, the net incremental operating expenses related to the COVID-19 pandemic are estimated to be at the high end of the Company’s previous guidance range of $30 million to $50 million” Tractor Supply said, with diluted earnings per share forecast at $2.45 to $2.65.Following the news Wells Fargo analyst Zachary Fadem exclaimed “Holy cow… reason to believe comps could be even better.” He continued: “Considering the timing of today’s release, we believe sales likely accelerated throughout the month of May, and with all of June remaining in Q2, we believe comps could be tracking even higher today (+30%).”In a category comprised of many sub-scale players, he sees TSCO as increasingly advantaged, and clearly benefitting from robust category demand (lawn/garden, pet, etc.), Omnichannel investments and its recently launched national ad campaign.“While we can’t help but think about next year’s tough compare, we continue to view TSCO a core holding in today’s market, favoring its staples-like offerings, high quality execution, and ample long-term comp drivers” he concluded. As a result, Fadem ramped up his price target to $130 from $105 previously.Similarly, Oppenheimer’s Brian Nagel boosted his price target from $110 to $135 on the news, while Baird’s price target rose to $130 from $115 previously. Overall the stock scores a Moderate Buy analyst consensus rating and $107 average analyst price target. Shares are currently trading up 19% on a year-to-date basis. (See Tractor Supply stock analysis on TipRanks).Related News: Autodesk Earnings: Here’s What To Expect Today Tilray To Shut Ontario Cannabis Greenhouse In Money-Saving Move Uber In Partnership With MoneyGram For Driver Discount During Pandemic More recent articles from Smarter Analyst: * 5-Star Analyst Pounds the Table on Roku Stock * Efgartigimod's Positive Data Is Good News for Momenta’s Nipocalimab * Elon Musk Reaps Payout Worth $775M, As Analyst Admits Tesla Is ‘Turning A Corner’ * Costco Pulls Back On Earnings; Top Analyst Sees Buying Opportunity
Shares of Tractor Supply Co. rose more than 5% in the extended session Tuesday after the company said it expects "record-breaking sales and earnings" for its second quarter. That jump in sales is across channels, product categories, and geographic regions, the company said, with online buying experiencing "substantial growth." Tractor Supply forecast sales growth between 24% and 29% and same-store growth between 20% and 25%. Gross profit "continues to be strong with gross margin expansion anticipated for the second quarter," it said. Second-quarter operating expenses related to the coronavirus pandemic are estimated to be at the high end of the company's previous guidance range of between $30 million and $50 million, Tractor Supply said. Per-share earnings were seen in a range between $2.45 and $2.65. The company is slated to report second-quarter earnings on July 23. The outlook "demonstrates the potential for Tractor Supply to emerge stronger than before as we continue to gain market share and build our business for the future," Chief Executive Hal Lawton said in a statement. Tractor Supply ended the regular trading day down 0.6%.
Tractor Supply provides financial outlook for Q2 2020 and announces strategic investments in its Team Members and consumer-shopping experience.
Tractor Supply (TSCO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...
BRENTWOOD, Tenn., May 14, 2020 -- Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, today announced its participation in the.
Tractor Supply Company (TSCO), the largest rural lifestyle retailer in the United States, today announced that its Board of Directors declared a quarterly cash dividend of $0.35 per share of the Company’s common stock. Since initiating our quarterly cash dividend in 2009, Tractor Supply has consistently increased the dividend each year. The dividend will be paid on June 9, 2020, to stockholders of record of the Company’s common stock as of the close of business on May 26, 2020.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
The stock of Tractor Supply (NASDAQ: TSCO) outperformed a strong market last month by rising 20% compared to a 13% increase in the S&P 500, according to data provided by S&P Global Market Intelligence. Comparable-store sales rose 4.3% in the first quarter, management said, in a period that included nearly two weeks of aggressive social-distancing efforts across the country. "Our year-to-date results underscore the importance of Tractor Supply as an essential, needs-based retailer," CEO Hal Lawton said.
As part of Tractor Supply Company’s continuing efforts to give back amid the COVID-19 pandemic, the essential needs-based retailer is giving a $250,000 donation to the New York State COVID-19 First Responders Fund. The donation was announced on “The Ellen DeGeneres Show” during an appearance by New York Gov. Andrew Cuomo. The Fund was established by Gov. Cuomo to support COVID-19 frontline healthcare workers with expenses and costs, including food, transportation, childcare and housing assistance.
This isn't the first downturn this 82-year-old retailer has seen, and it's pulling out its tough-times playbook and making all the right moves. Coming off tepid earnings results to end 2019, the first quarter's results were a pleasant surprise for investors and a great debut for the company's new CEO, Hal Lawton, who started in mid-January. A net of 19 stores were added in the quarter.