Tractor Supply (NASDAQ:TSCO) Given Hold Rating at Gordon Haskett

Gordon Haskett reissued their hold rating on shares of Tractor Supply (NASDAQ:TSCO) in a report published on Thursday morning, MarketBeat reports. They currently have a $50.00 price objective on the specialty retailer’s stock, down from their prior price objective of $57.00.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Tractor Supply in a report on Monday, December 29th. Citigroup upped their target price on shares of Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Wolfe Research began coverage on Tractor Supply in a report on Thursday, September 18th. They set an “outperform” rating and a $70.00 price target on the stock. DA Davidson set a $70.00 price objective on Tractor Supply in a report on Friday, October 24th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $65.00 target price on shares of Tractor Supply in a research note on Thursday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.85.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $51.40 on Thursday. The company has a market cap of $27.16 billion, a P/E ratio of 24.71, a PEG ratio of 2.33 and a beta of 0.74. The business has a 50 day moving average of $52.84 and a two-hundred day moving average of $55.96. Tractor Supply has a 52 week low of $46.85 and a 52 week high of $63.99. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $3.72 billion. During the same period in the prior year, the firm earned $0.45 EPS. The business’s quarterly 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. As a group, analysts anticipate that Tractor Supply will post 2.17 EPS for the current year.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, November 24th. Tractor Supply’s payout ratio is presently 44.23%.

Institutional Investors Weigh In On Tractor Supply

Several hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its holdings in Tractor Supply by 273.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 388,193 shares of the specialty retailer’s stock worth $19,532,000 after buying an additional 284,210 shares during the period. NorthCrest Asset Manangement LLC purchased a new position in shares of Tractor Supply in the fourth quarter worth approximately $201,000. Nordea Investment Management AB raised its holdings in shares of Tractor Supply by 5.9% during the fourth quarter. Nordea Investment Management AB now owns 55,914 shares of the specialty retailer’s stock valued at $2,798,000 after acquiring an additional 3,127 shares during the period. Henrickson Nauta Wealth Advisors Inc. raised its holdings in shares of Tractor Supply by 9.4% during the fourth quarter. Henrickson Nauta Wealth Advisors Inc. now owns 5,992 shares of the specialty retailer’s stock valued at $301,000 after acquiring an additional 514 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Tractor Supply by 221.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 5,813 shares of the specialty retailer’s stock valued at $291,000 after acquiring an additional 4,006 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.