Tractor Supply (NASDAQ:TSCO) Price Target Raised to $67.00

Tractor Supply (NASDAQ:TSCO) had its price target raised by Robert W. Baird from $65.00 to $67.00 in a research note released on Friday morning, MarketBeat.com reports. They currently have an outperform rating on the specialty retailer’s stock.

Several other analysts have also issued reports on TSCO. Truist Financial upped their target price on Tractor Supply from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on Tractor Supply from $56.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. The Goldman Sachs Group restated a “buy” rating on shares of Tractor Supply in a research note on Friday, July 25th. Telsey Advisory Group restated an “outperform” rating and issued a $70.00 price objective on shares of Tractor Supply in a research note on Thursday. Finally, Wall Street Zen upgraded Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.60.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $56.28 on Friday. Tractor Supply has a one year low of $46.85 and a one year high of $63.99. The firm has a market cap of $29.83 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 2.89 and a beta of 0.73. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14. The stock’s 50-day moving average is $58.21 and its 200-day moving average is $55.14.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. Tractor Supply’s revenue was up 7.2% on a year-over-year basis. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Equities analysts predict that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 25th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, August 25th. Tractor Supply’s payout ratio is presently 44.23%.

Hedge Funds Weigh In On Tractor Supply

Hedge funds have recently added to or reduced their stakes in the stock. GW&K Investment Management LLC increased its stake in Tractor Supply by 89.3% during the 1st quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 226 shares during the period. Delos Wealth Advisors LLC bought a new position in Tractor Supply during the 2nd quarter worth $26,000. Opal Wealth Advisors LLC bought a new position in Tractor Supply during the 2nd quarter worth $35,000. Financial Gravity Asset Management Inc. bought a new position in Tractor Supply during the 1st quarter worth $39,000. Finally, Financial Gravity Companies Inc. bought a new position in Tractor Supply during the 2nd quarter worth $38,000. Institutional investors own 98.72% of the company’s stock.

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.