Tractor Supply (TSCO) Stock Dips Amid Volume Surge and Analyst Ratings

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Oct 17, 2024
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Tractor Supply Company (TSCO, Financial) recently experienced a 0.95% decline in its stock price, which is now at $299.91 per share, with a trading volume of approximately 331,178 shares. This movement results in a turnover rate of 0.31% and a price fluctuation amplitude of 1.53%.

The company's latest financial report reveals a revenue of $4.247 billion and a net profit of $425 million, translating to an earnings per share (EPS) of $3.95. It has a gross profit of $1.446 billion and a price-to-earnings (P/E) ratio of 28.95.

Currently, within the group of 34 analysts covering the stock, 47% recommend buying, 41% suggest holding, and 12% advise selling. The retail industry, where Tractor Supply operates, has seen a modest gain of 0.16%. Noteworthy performers in related stocks include Evgo Inc and Zooz Power Ltd, which have shown significant upticks.

For context, Tractor Supply is a leading farm and ranch retailer in the U.S., focusing on serving recreational farmers and ranchers rather than those in commercial sectors. It operates 2,254 stores across 49 states, including branded stores and Petsense locations. The company's revenue distribution in the 2023 fiscal year included 27% from livestock and agriculture, 25% from companion animals, and 22% from seasonal and recreational products.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.