Tractor Supply (NASDAQ:TSCO) Receives $251.25 Average PT from Brokerages

Tractor Supply (NASDAQ:TSCO) has been given a consensus rating of “Moderate Buy” by the twenty-four research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $253.54.

A number of equities analysts recently commented on TSCO shares. Raymond James lifted their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Mizuho reissued a “neutral” rating and set a $250.00 price target (up from $245.00) on shares of Tractor Supply in a research note on Friday, April 26th. Truist Financial boosted their price objective on Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a report on Friday, April 26th. Telsey Advisory Group increased their target price on Tractor Supply from $280.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. lifted their target price on Tractor Supply from $241.00 to $263.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd.

Insider Buying and Selling

In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the transaction, the chief financial officer now owns 25,013 shares in the company, valued at $5,804,516.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the completion of the sale, the executive vice president now owns 22,167 shares in the company, valued at approximately $5,147,842.41. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kurt D. Barton sold 401 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the transaction, the chief financial officer now owns 25,013 shares in the company, valued at $5,804,516.78. The disclosure for this sale can be found here. Insiders sold 62,470 shares of company stock worth $14,773,121 in the last three months. 0.58% of the stock is owned by insiders.

Institutional Investors Weigh In On Tractor Supply

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WCM Investment Management LLC acquired a new stake in shares of Tractor Supply during the fourth quarter worth $782,000. Todd Asset Management LLC acquired a new stake in Tractor Supply during the 4th quarter worth about $21,571,000. LPL Financial LLC grew its stake in Tractor Supply by 4.6% during the 3rd quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock valued at $23,122,000 after purchasing an additional 5,014 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Tractor Supply by 2,120.1% in the fourth quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer’s stock valued at $26,194,000 after purchasing an additional 116,330 shares during the period. Finally, Simon Quick Advisors LLC raised its stake in shares of Tractor Supply by 21.1% in the third quarter. Simon Quick Advisors LLC now owns 1,551 shares of the specialty retailer’s stock worth $315,000 after purchasing an additional 270 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Trading Up 1.1 %

TSCO opened at $269.70 on Friday. The stock has a 50-day moving average of $257.31 and a 200 day moving average of $230.83. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $279.38. The firm has a market cap of $29.11 billion, a P/E ratio of 26.26, a P/E/G ratio of 3.41 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.13. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. Tractor Supply’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 EPS. As a group, research analysts forecast that Tractor Supply will post 10.3 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.63%. Tractor Supply’s payout ratio is 42.84%.

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.