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

Tractor Supply (NASDAQ:TSCOGet Free Report) has earned an average rating of “Moderate Buy” from the twenty-two analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $58.25.

Several equities analysts have recently issued reports on TSCO shares. Telsey Advisory Group reiterated an “outperform” rating and set a $67.00 price target on shares of Tractor Supply in a research report on Friday, December 6th. Raymond James lifted their target price on Tractor Supply from $57.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Piper Sandler upped their price target on shares of Tractor Supply from $60.00 to $66.40 and gave the company an “overweight” rating in a report on Monday, October 14th. Wedbush reaffirmed a “neutral” rating and issued a $54.00 price objective on shares of Tractor Supply in a research note on Friday, October 25th. Finally, Robert W. Baird set a $64.00 target price on shares of Tractor Supply in a report on Thursday, October 17th.

Read Our Latest Stock Analysis on TSCO

Tractor Supply Stock Up 0.4 %

Shares of Tractor Supply stock opened at $53.87 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. Tractor Supply has a 1-year low of $43.56 and a 1-year high of $61.53. The business’s fifty day moving average price is $55.25 and its two-hundred day moving average price is $54.98. The company has a market capitalization of $28.78 billion, a P/E ratio of 5.24, a PEG ratio of 3.58 and a beta of 0.84.

Tractor Supply Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Monday, November 25th. Tractor Supply’s payout ratio is currently 42.72%.

Institutional Trading of Tractor Supply

Large investors have recently made changes to their positions in the business. Private Advisor Group LLC lifted its stake in shares of Tractor Supply by 7.6% in the 2nd quarter. Private Advisor Group LLC now owns 7,656 shares of the specialty retailer’s stock valued at $2,067,000 after purchasing an additional 540 shares during the period. Acadian Asset Management LLC acquired a new stake in Tractor Supply in the second quarter worth $623,000. Caprock Group LLC boosted its position in shares of Tractor Supply by 19.5% during the second quarter. Caprock Group LLC now owns 4,362 shares of the specialty retailer’s stock worth $1,178,000 after purchasing an additional 712 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Tractor Supply in the 2nd quarter valued at $221,000. Finally, Quest Partners LLC increased its position in shares of Tractor Supply by 36,350.0% in the 2nd quarter. Quest Partners LLC now owns 729 shares of the specialty retailer’s stock valued at $197,000 after buying an additional 727 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

About Tractor Supply

(Get Free Report

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.

Further Reading

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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