Tractor Supply (NASDAQ:TSCO) Cut to Hold at Gordon Haskett

Gordon Haskett cut shares of Tractor Supply (NASDAQ:TSCO) from an accumulate rating to a hold rating in a report published on Thursday, MarketBeat.com reports. The firm currently has $50.00 price target on the specialty retailer’s stock, down from their previous price target of $57.00.

Several other research analysts also recently issued reports on the stock. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to an “outperform” rating and upped their target price for the stock from $60.00 to $65.00 in a research note on Wednesday, November 5th. Wells Fargo & Company restated an “overweight” rating and issued a $65.00 price objective on shares of Tractor Supply in a report on Thursday, October 23rd. Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 target price on shares of Tractor Supply in a research note on Thursday, October 23rd. Citigroup lifted their target price on Tractor Supply from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tractor Supply in a report on Monday, December 29th. Fifteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $63.85.

Tractor Supply Stock Up 0.2%

Shares of NASDAQ:TSCO opened at $51.51 on Thursday. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69. The stock has a fifty day simple moving average of $52.79 and a two-hundred day simple moving average of $55.96. Tractor Supply has a 12-month low of $46.85 and a 12-month high of $63.99. The stock has a market capitalization of $27.22 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 2.40 and a beta of 0.74.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $3.72 billion during 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 company’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, research analysts anticipate that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.92 annualized dividend and a dividend yield of 1.8%. Tractor Supply’s payout ratio is presently 44.23%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Delos Wealth Advisors LLC purchased a new position in Tractor Supply in the second quarter worth about $26,000. Aventura Private Wealth LLC bought a new position in shares of Tractor Supply in the 4th quarter worth approximately $27,000. JPL Wealth Management LLC purchased a new position in shares of Tractor Supply in the third quarter worth approximately $28,000. Opal Wealth Advisors LLC purchased a new position in shares of Tractor Supply in the second quarter worth approximately $35,000. Finally, Financial Gravity Companies Inc. bought a new stake in Tractor Supply during the second quarter valued at approximately $38,000. Institutional investors own 98.72% of the company’s stock.

About Tractor Supply

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.