Tractor Supply (NASDAQ:TSCO) has been assigned an average rating of “Buy” from the twenty-six research firms that are presently covering the firm, Marketbeat reports. Eleven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $104.43.

Several research firms have commented on TSCO. Bank of America raised shares of Tractor Supply from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Friday, January 31st. Nomura Securities reaffirmed a “hold” rating and set a $90.00 price target on shares of Tractor Supply in a report on Sunday, April 19th. UBS Group decreased their price target on shares of Tractor Supply from $97.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. Robert W. Baird lifted their price target on shares of Tractor Supply from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Finally, Loop Capital reaffirmed a “hold” rating and set a $95.00 price target on shares of Tractor Supply in a report on Monday, February 3rd.

Tractor Supply stock opened at $111.72 on Thursday. Tractor Supply has a 1-year low of $63.89 and a 1-year high of $114.25. The company has a market cap of $12.52 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 1.97 and a beta of 0.95. The company has a fifty day simple moving average of $94.13 and a 200 day simple moving average of $93.16. The company has a current ratio of 1.66, a quick ratio of 0.38 and a debt-to-equity ratio of 2.27.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, April 23rd. The specialty retailer reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. Tractor Supply had a net margin of 6.71% and a return on equity of 38.38%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the firm earned $0.63 earnings per share. Tractor Supply’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts forecast that Tractor Supply will post 4.73 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, May 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 1.25%. Tractor Supply’s dividend payout ratio (DPR) is presently 29.91%.

In other news, SVP Christi C. Korzekwa sold 17,102 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $110.00, for a total value of $1,881,220.00. Following the completion of the sale, the senior vice president now owns 15,889 shares in the company, valued at approximately $1,747,790. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Christi C. Korzekwa sold 896 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $105.00, for a total transaction of $94,080.00. Following the completion of the sale, the senior vice president now owns 11,287 shares of the company’s stock, valued at approximately $1,185,135. The disclosure for this sale can be found here. Insiders have sold a total of 265,432 shares of company stock valued at $27,936,293 in the last 90 days. 1.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp grew its stake in shares of Tractor Supply by 3.0% in the 1st quarter. State Street Corp now owns 5,405,735 shares of the specialty retailer’s stock worth $457,055,000 after acquiring an additional 157,206 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Tractor Supply by 25,080.8% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,475,201 shares of the specialty retailer’s stock worth $293,828,000 after acquiring an additional 3,461,400 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Tractor Supply by 6.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,977,846 shares of the specialty retailer’s stock worth $278,249,000 after acquiring an additional 186,767 shares in the last quarter. Champlain Investment Partners LLC grew its stake in shares of Tractor Supply by 14.7% in the 1st quarter. Champlain Investment Partners LLC now owns 2,100,520 shares of the specialty retailer’s stock worth $177,599,000 after acquiring an additional 269,315 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its stake in shares of Tractor Supply by 42.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,080,514 shares of the specialty retailer’s stock worth $194,405,000 after acquiring an additional 622,515 shares in the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.

About Tractor Supply

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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