Tractor Supply Company (NASDAQ:TSCO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Tractor Supply Company (NASDAQ:TSCO) have been assigned a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are currently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $62.8095.

Several brokerages recently issued reports on TSCO. Truist Financial set a $55.00 price objective on shares of Tractor Supply and gave the company a “hold” rating in a report on Friday, January 16th. TD Cowen cut their price target on Tractor Supply from $62.00 to $55.00 and set a “hold” rating on the stock in a report on Tuesday. Mizuho boosted their price target on Tractor Supply from $64.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Robert W. Baird upped their price objective on Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Finally, Morgan Stanley raised Tractor Supply from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $50.00 to $60.00 in a research report on Friday, October 24th.

Tractor Supply Stock Up 0.4%

Shares of Tractor Supply stock opened at $53.40 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14. The stock has a market cap of $28.22 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.49 and a beta of 0.74. The firm’s 50-day moving average is $52.26 and its two-hundred day moving average is $55.82. Tractor Supply has a 1 year low of $46.85 and a 1 year high of $63.99.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.18%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the business posted $0.45 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, research analysts expect that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, November 24th. Tractor Supply’s dividend payout ratio (DPR) is currently 44.23%.

Institutional Investors Weigh In On Tractor Supply

A number of hedge funds and other institutional investors have recently bought and sold shares of TSCO. Delos Wealth Advisors LLC purchased a new position in Tractor Supply in the second quarter worth $26,000. Aventura Private Wealth LLC acquired a new stake in shares of Tractor Supply in the 4th quarter worth $27,000. JPL Wealth Management LLC purchased a new position in Tractor Supply during the 3rd quarter worth $28,000. Opal Wealth Advisors LLC purchased a new position in Tractor Supply during the 2nd quarter worth $35,000. Finally, Flagship Harbor Advisors LLC acquired a new position in Tractor Supply during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Company Profile

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.