Tractor Supply (NASDAQ:TSCO) Given Average Rating of “Moderate Buy” by Analysts

Shares of Tractor Supply (NASDAQ:TSCO) have been given a consensus recommendation of “Moderate Buy” by the twenty-four research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $251.25.

TSCO has been the topic of a number of recent research reports. Piper Sandler boosted their price objective on Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday. TD Cowen lifted their target price on Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Telsey Advisory Group lifted their target price on Tractor Supply from $280.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday. Morgan Stanley lifted their target price on Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research report on Friday, April 26th. Finally, UBS Group lifted their target price on Tractor Supply from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $266.70 on Friday. The business’s fifty day moving average price is $254.72 and its 200 day moving average price is $228.28. The stock has a market capitalization of $28.78 billion, a P/E ratio of 25.97, a PEG ratio of 3.44 and a beta of 0.82. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $279.38. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 earnings per share. As a group, research analysts anticipate that Tractor Supply will post 10.3 earnings per share for the current year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a $1.10 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Friday, February 23rd. Tractor Supply’s payout ratio is presently 42.84%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the transaction, the chief financial officer now directly owns 25,013 shares in the company, valued at $5,804,516.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the transaction, the chief financial officer now directly owns 20,678 shares in the company, valued at $5,314,246. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kurt D. Barton sold 401 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the transaction, the chief financial officer now owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock worth $21,201,877 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Tractor Supply

Hedge funds and other institutional investors have recently made changes to their positions in the business. WCM Investment Management LLC acquired a new stake in Tractor Supply in the fourth quarter worth approximately $782,000. LPL Financial LLC lifted its position in Tractor Supply by 4.6% in the third quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock worth $23,122,000 after purchasing an additional 5,014 shares during the period. Impax Asset Management Group plc lifted its position in Tractor Supply by 2,120.1% in the fourth quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer’s stock worth $26,194,000 after purchasing an additional 116,330 shares during the period. Simon Quick Advisors LLC lifted its position in Tractor Supply by 21.1% in the third quarter. Simon Quick Advisors LLC now owns 1,551 shares of the specialty retailer’s stock worth $315,000 after purchasing an additional 270 shares during the period. Finally, International Assets Investment Management LLC lifted its position in Tractor Supply by 32,987.5% in the fourth quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock worth $58,128,000 after purchasing an additional 269,508 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.