Tractor Supply (TSCO) Short Interest Update

Tractor Supply (NASDAQ:TSCO) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 2,826,196 shares, an increase of 47.3% from the January 31st total of 1,918,695 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average trading volume of 1,659,409 shares, the days-to-cover ratio is presently 1.7 days.

TSCO has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Wednesday, November 28th. Oppenheimer reiterated a “market perform” rating and issued a $100.00 price target on shares of Tractor Supply in a research note on Monday, December 3rd. Credit Suisse Group reiterated a “hold” rating and issued a $85.00 price target on shares of Tractor Supply in a research note on Tuesday, January 29th. BidaskClub cut shares of Tractor Supply from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Finally, Wells Fargo & Co increased their price target on shares of Tractor Supply from $102.00 to $108.00 and gave the company an “outperform” rating in a research note on Thursday, February 14th. Eleven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $91.94.

Get Tractor Supply alerts:

In other Tractor Supply news, Director Edna Morris sold 4,174 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $96.07, for a total value of $400,996.18. Following the completion of the sale, the director now owns 1,916 shares in the company, valued at $184,070.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Steve K. Barbarick sold 47,011 shares of the stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $97.83, for a total transaction of $4,599,086.13. Following the completion of the sale, the chief operating officer now owns 108,905 shares of the company’s stock, valued at approximately $10,654,176.15. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Bruderman Asset Management LLC bought a new position in Tractor Supply during the fourth quarter worth about $25,000. Cordasco Financial Network increased its position in Tractor Supply by 53.6% during the fourth quarter. Cordasco Financial Network now owns 338 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 118 shares during the period. Rational Advisors LLC increased its position in Tractor Supply by 570.9% during the fourth quarter. Rational Advisors LLC now owns 369 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 314 shares during the period. Laurel Wealth Advisors LLC bought a new position in Tractor Supply during the fourth quarter worth about $33,000. Finally, Psagot Investment House Ltd. bought a new position in Tractor Supply during the fourth quarter worth about $35,000. 80.98% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ TSCO opened at $94.96 on Monday. The company has a quick ratio of 0.22, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. The stock has a market cap of $11.72 billion, a PE ratio of 22.03, a P/E/G ratio of 1.67 and a beta of 1.08. Tractor Supply has a 52-week low of $58.27 and a 52-week high of $98.03.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, January 31st. The specialty retailer reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.02. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Tractor Supply had a net margin of 6.73% and a return on equity of 36.86%. As a group, equities research analysts expect that Tractor Supply will post 4.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Monday, February 25th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, February 22nd. Tractor Supply’s dividend payout ratio is presently 28.77%.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/4195069/tractor-supply-tsco-short-interest-update.html.

About Tractor Supply

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

See Also: Mutual Funds