Analysts Set Tractor Supply Co. (TSCO) Price Target at $82.00
Tractor Supply Co. (NASDAQ:TSCO) has earned a consensus rating of “Hold” from the twenty-five ratings firms that are presently covering the stock. Fourteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $82.00.
TSCO has been the topic of a number of research reports. Oppenheimer Holdings Inc. reissued an “outperform” rating on shares of Tractor Supply in a research note on Friday, August 5th. Zacks Investment Research raised Tractor Supply from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Morgan Stanley reissued a “hold” rating and issued a $95.00 price objective on shares of Tractor Supply in a research note on Tuesday, September 6th. Barclays PLC reissued an “overweight” rating and issued a $90.00 price objective on shares of Tractor Supply in a research note on Friday, September 30th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $73.00 price objective (down previously from $77.00) on shares of Tractor Supply in a research note on Saturday, October 22nd.
In other Tractor Supply news, Director Mark J. Weikel acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The stock was acquired at an average price of $66.14 per share, with a total value of $66,140.00. Following the transaction, the director now owns 5,627 shares of the company’s stock, valued at $372,169.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Logan Capital Management Inc. boosted its position in Tractor Supply by 0.3% in the first quarter. Logan Capital Management Inc. now owns 66,778 shares of the company’s stock valued at $6,041,000 after buying an additional 184 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Tractor Supply by 8.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,507 shares of the company’s stock valued at $860,000 after buying an additional 724 shares in the last quarter. Seven Eight Capital LLC acquired a new position in Tractor Supply during the first quarter valued at $123,000. Eachwin Capital LP acquired a new position in Tractor Supply during the first quarter valued at $504,000. Finally, Chilton Capital Management LLC boosted its position in Tractor Supply by 3.7% in the first quarter. Chilton Capital Management LLC now owns 139,061 shares of the company’s stock valued at $12,579,000 after buying an additional 4,938 shares in the last quarter. 90.70% of the stock is owned by institutional investors and hedge funds.
Shares of Tractor Supply (NASDAQ:TSCO) opened at 68.67 on Tuesday. The firm has a 50-day moving average price of $66.37 and a 200-day moving average price of $83.27. Tractor Supply has a 52 week low of $61.50 and a 52 week high of $97.25. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 21.79 and a beta of 1.23.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Wednesday, October 19th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. Tractor Supply had a return on equity of 29.78% and a net margin of 6.53%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS. On average, equities analysts expect that Tractor Supply will post $3.24 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 29th. Investors of record on Monday, November 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.40%. Tractor Supply’s dividend payout ratio is presently 30.48%.
Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company operates in the retail sale of products that support the rural lifestyle segment. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.
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