Tractor Supply (NASDAQ:TSCO) Given New $290.00 Price Target at Evercore ISI

Tractor Supply (NASDAQ:TSCOFree Report) had its price objective increased by Evercore ISI from $285.00 to $290.00 in a report published on Tuesday, Benzinga reports. The firm currently has an outperform rating on the specialty retailer’s stock.

A number of other brokerages have also weighed in on TSCO. Barclays upped their target price on shares of Tractor Supply from $234.00 to $240.00 and gave the stock an equal weight rating in a research report on Friday, April 26th. Mizuho reiterated a neutral rating and issued a $250.00 price target (up previously from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Wells Fargo & Company upped their price objective on Tractor Supply from $250.00 to $285.00 and gave the company an overweight rating in a research report on Monday, March 25th. Piper Sandler lifted their target price on Tractor Supply from $265.00 to $300.00 and gave the stock an overweight rating in a report on Monday, April 29th. Finally, Guggenheim boosted their target price on Tractor Supply from $210.00 to $255.00 and gave the company a buy rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $253.96.

Get Our Latest Stock Report on Tractor Supply

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $285.67 on Tuesday. The company has a market capitalization of $30.80 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 3.47 and a beta of 0.82. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The stock’s 50-day simple moving average is $260.34 and its 200-day simple moving average is $234.25. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $286.15.

Tractor Supply (NASDAQ:TSCOGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the previous year, the firm earned $1.65 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. As a group, analysts expect that Tractor Supply will post 10.33 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, May 24th. This represents a $4.40 annualized dividend and a dividend yield of 1.54%. Tractor Supply’s payout ratio is presently 42.84%.

Insider Activity

In related news, EVP Colin Yankee sold 8,675 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total value of $2,168,750.00. Following the completion of the transaction, the executive vice president now owns 9,673 shares of the company’s stock, valued at $2,418,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the sale, the chief financial officer now directly owns 20,678 shares in the company, valued at approximately $5,314,246. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Colin Yankee sold 8,675 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the transaction, the executive vice president now owns 9,673 shares of the company’s stock, valued at approximately $2,418,250. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Tractor Supply

Several institutional investors have recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in shares of Tractor Supply during the third quarter worth about $25,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Tractor Supply during the first quarter valued at $26,000. Private Wealth Management Group LLC acquired a new position in shares of Tractor Supply in the 4th quarter valued at $27,000. Pinnacle Bancorp Inc. purchased a new position in Tractor Supply in the 4th quarter worth $28,000. Finally, Rise Advisors LLC raised its stake in Tractor Supply by 157.1% in the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 66 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Company Profile

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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.

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Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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