Tractor Supply (NASDAQ:TSCO) Given Consensus Rating of “Moderate Buy” by Brokerages

Tractor Supply (NASDAQ:TSCO) has earned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $284.50.

A number of research firms have issued reports on TSCO. Telsey Advisory Group reissued an “outperform” rating and issued a $335.00 price objective on shares of Tractor Supply in a research report on Friday, December 6th. Piper Sandler raised their price objective on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Benchmark upped their target price on Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Gordon Haskett downgraded Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Finally, Truist Financial decreased their price target on Tractor Supply from $325.00 to $317.00 and set a “buy” rating for the company in a report on Friday, October 25th.

Tractor Supply Stock Up 0.1 %

TSCO stock opened at $285.45 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. Tractor Supply has a 12 month low of $209.00 and a 12 month high of $307.64. The firm has a market capitalization of $30.50 billion, a PE ratio of 27.77, a P/E/G ratio of 3.58 and a beta of 0.83. The company’s 50 day simple moving average is $284.23 and its 200-day simple moving average is $276.18.

Tractor Supply shares are going to split on the morning of Friday, December 20th. The 5-1 split was announced on Thursday, December 5th. The newly issued shares will be issued to shareholders after the closing bell on Thursday, December 19th.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Monday, November 25th. Tractor Supply’s payout ratio is currently 42.80%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 70.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Tractor Supply

Several hedge funds and other institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. increased its position in shares of Tractor Supply by 527.7% during the second quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock valued at $7,155,000 after purchasing an additional 22,279 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Tractor Supply by 2.1% during the 2nd quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock worth $1,216,000 after acquiring an additional 93 shares during the period. Silvant Capital Management LLC boosted its position in shares of Tractor Supply by 20.9% during the 3rd quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer’s stock valued at $4,300,000 after acquiring an additional 2,556 shares in the last quarter. Blueshift Asset Management LLC increased its stake in Tractor Supply by 32.7% in the third quarter. Blueshift Asset Management LLC now owns 9,945 shares of the specialty retailer’s stock valued at $2,893,000 after acquiring an additional 2,452 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Tractor Supply in the second quarter worth about $13,353,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Company Profile

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.