Tractor Supply (NASDAQ:TSCO) Given “Outperform” Rating at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Tractor Supply (NASDAQ:TSCOFree Report) in a report released on Friday,Benzinga reports. The firm currently has a $70.00 price target on the specialty retailer’s stock.

Other equities research analysts have also issued research reports about the stock. Stephens set a $53.00 price objective on shares of Tractor Supply and gave the company an “equal weight” rating in a report on Thursday. Robert W. Baird boosted their target price on shares of Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, October 24th. UBS Group set a $57.00 price target on shares of Tractor Supply and gave the company a “neutral” rating in a research note on Friday, January 16th. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to an “outperform” rating and raised their price target for the stock from $60.00 to $65.00 in a report on Wednesday, November 5th. Finally, Jefferies Financial Group raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.81.

Check Out Our Latest Stock Analysis on TSCO

Tractor Supply Trading Up 2.4%

Shares of Tractor Supply stock opened at $54.69 on Friday. 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 simple moving average is $52.24 and its 200-day simple moving average is $55.81. The stock has a market cap of $28.90 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.50 and a beta of 0.74. Tractor Supply has a 1-year low of $46.85 and a 1-year high of $63.99.

Tractor Supply (NASDAQ:TSCOGet Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. Analysts predict that Tractor Supply will post 2.17 EPS for the current fiscal 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 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, November 24th. Tractor Supply’s dividend payout ratio (DPR) is 44.23%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Delos Wealth Advisors LLC purchased a new stake in shares of Tractor Supply in the 2nd quarter valued at $26,000. Aventura Private Wealth LLC purchased a new position in Tractor Supply during the 4th quarter valued at about $27,000. JPL Wealth Management LLC acquired a new position in Tractor Supply in the 3rd quarter valued at about $28,000. Flagship Harbor Advisors LLC purchased a new stake in Tractor Supply during the fourth quarter worth about $35,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Tractor Supply during the second quarter worth about $38,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Tractor Supply

Here are the key news stories impacting Tractor Supply this week:

Tractor Supply Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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