Tractor Supply’s (TSCO) Buy Rating Reaffirmed at Benchmark

Benchmark restated their buy rating on shares of Tractor Supply (NASDAQ:TSCO) in a research report released on Monday, Benzinga reports. Benchmark currently has a $280.00 price objective on the specialty retailer’s stock.

Other equities research analysts have also issued reports about the stock. Evercore ISI lowered shares of Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price objective on the stock. in a report on Thursday, October 3rd. Wells Fargo & Company upped their price target on Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Piper Sandler increased their target price on shares of Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Telsey Advisory Group increased their price objective on shares of Tractor Supply from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, UBS Group raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $272.50.

Tractor Supply Trading Down 1.0 %

TSCO opened at $294.60 on Monday. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $307.64. The firm has a market cap of $31.78 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 3.74 and a beta of 0.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. The firm’s fifty day moving average is $279.96 and its two-hundred day moving average is $272.17.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the prior year, the company earned $3.83 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts anticipate that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s dividend payout ratio is currently 42.43%.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the sale, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TSCO. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply in the 1st quarter worth about $26,000. LRI Investments LLC acquired a new position in shares of Tractor Supply in the first quarter valued at approximately $28,000. J.Safra Asset Management Corp raised its holdings in Tractor Supply by 700.0% in the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 98 shares during the last quarter. Whittier Trust Co. boosted its position in Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares during the period. Finally, OFI Invest Asset Management bought a new stake in Tractor Supply during the 2nd quarter worth approximately $33,000. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Company Profile

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.