Tractor Supply Company (NASDAQ:TSCO) Stock Has Consensus Price Target of $39.00 According to Analysts

Shares of Tractor Supply Company (NASDAQ:TSCO) have been given a consensus rating of “Hold” by the twenty-eight brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $38.62.

Several research analysts recently commented on TSCO shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $38.00 target price (down from $43.00) on shares of Tractor Supply in a research report on Friday, July 24th. Evercore reiterated an “outperform” rating and set a $40.00 price target on shares of Tractor Supply in a research note on Tuesday, July 7th. DA Davidson set a $36.00 price target on shares of Tractor Supply in a report on Thursday, October 8th. Raymond James Financial dropped their price objective on shares of Tractor Supply from $48.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Tractor Supply from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday.

Tractor Supply Trading Down 2.7%

Shares of TSCO opened at $32.53 on Tuesday. The stock’s 50-day moving average price is $33.46 and its 200 day moving average price is $38.63. The company has a quick ratio of 0.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $17.06 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 2.16 and a beta of 0.52. Tractor Supply has a 12-month low of $28.36 and a 12-month high of $56.94.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, October 22nd. The specialty retailer reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Tractor Supply had a return on equity of 40.05% and a net margin of 6.13%. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter last year, the company earned $0.49 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, research analysts predict that Tractor Supply will post 1.94 earnings per share for the current year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a yield of 3.0%. Tractor Supply’s payout ratio is presently 51.61%.

Insider Activity at Tractor Supply

In related news, CEO Harry A. Lawton III purchased 15,600 shares of the stock in a transaction on Tuesday, August 4th. The shares were purchased at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the transaction, the chief executive officer directly owned 15,600 shares of the company’s stock, valued at approximately $501,540. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andre J. Hawaux bought 3,150 shares of the stock in a transaction dated Monday, August 3rd. The stock was purchased at an average cost of $31.83 per share, for a total transaction of $100,264.50. Following the acquisition, the director owned 3,150 shares in the company, valued at $100,264.50. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 20,310 shares of company stock valued at $652,411 over the last quarter. 0.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tractor Supply

Institutional investors and hedge funds have recently bought and sold shares of the business. Reflection Asset Management bought a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $26,000. Bayban acquired a new position in shares of Tractor Supply in the fourth quarter valued at approximately $28,000. Elevation Wealth Partners LLC grew its holdings in shares of Tractor Supply by 1,253.4% during the second quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock worth $25,000 after buying an additional 727 shares in the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Tractor Supply in the second quarter worth $26,000. Finally, Community Financial Services Group LLC increased its position in shares of Tractor Supply by 3,240.0% in the second quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 810 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

About Tractor Supply

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.