Tractor Supply (NASDAQ:TSCO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Tractor Supply (NASDAQ:TSCO) have been given a consensus recommendation of “Moderate Buy” by the twenty-four ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $254.17.

Several equities research analysts recently commented on TSCO shares. Wells Fargo & Company raised their target price on Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Monday, March 25th. Piper Sandler lifted their price objective on shares of Tractor Supply from $265.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Morgan Stanley upped their target price on shares of Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research note on Friday, April 26th. 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. Finally, Truist Financial upped their price objective on shares of Tractor Supply from $277.00 to $289.00 and gave the company a “buy” rating in a research report on Friday, April 26th.

Tractor Supply Trading Up 0.5 %

Shares of TSCO stock opened at $281.56 on Friday. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $290.38. The firm’s 50 day moving average price is $271.93 and its two-hundred day moving average price is $247.66. The stock has a market cap of $30.35 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 3.77 and a beta of 0.83. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the prior year, the company earned $1.65 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. On average, analysts anticipate that Tractor Supply will post 10.34 EPS for the current year.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were given a dividend of $1.10 per share. The ex-dividend date was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a yield of 1.56%. Tractor Supply’s dividend payout ratio is currently 42.84%.

Hedge Funds Weigh In On Tractor Supply

Several institutional investors have recently modified their holdings of the company. Citizens National Bank Trust Department grew its position in Tractor Supply by 0.5% in the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock worth $2,086,000 after purchasing an additional 45 shares during the last quarter. Lindbrook Capital LLC grew its holdings in Tractor Supply by 10.9% in the 1st quarter. Lindbrook Capital LLC now owns 459 shares of the specialty retailer’s stock worth $120,000 after buying an additional 45 shares in the last quarter. Wedmont Private Capital increased its position in Tractor Supply by 3.6% in the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock valued at $331,000 after acquiring an additional 45 shares during the period. Wahed Invest LLC raised its stake in Tractor Supply by 2.8% during the 4th quarter. Wahed Invest LLC now owns 1,783 shares of the specialty retailer’s stock valued at $383,000 after acquiring an additional 49 shares in the last quarter. Finally, Fidelis Capital Partners LLC grew its stake in shares of Tractor Supply by 5.0% in the fourth quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock worth $240,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

About Tractor Supply

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.