Tractor Supply (NASDAQ:TSCO) Price Target Lowered to $275.00 at Evercore ISI

Tractor Supply (NASDAQ:TSCO) had its price target decreased by Evercore ISI from $280.00 to $275.00 in a research note released on Tuesday, Benzinga reports. Evercore ISI currently has an outperform rating on the specialty retailer’s stock.

A number of other brokerages have also commented on TSCO. Telsey Advisory Group boosted their price target on Tractor Supply from $245.00 to $250.00 and gave the company an outperform rating in a report on Friday, February 2nd. Benchmark reaffirmed a buy rating and set a $256.00 price target on shares of Tractor Supply in a research report on Wednesday, April 3rd. UBS Group lifted their price objective on shares of Tractor Supply from $220.00 to $240.00 and gave the company a neutral rating in a report on Friday, February 2nd. Raymond James cut shares of Tractor Supply from a strong-buy rating to an outperform rating and increased their target price for the stock from $230.00 to $250.00 in a report on Friday, February 2nd. Finally, The Goldman Sachs Group lifted their price target on shares of Tractor Supply from $230.00 to $262.00 and gave the company a buy rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Tractor Supply presently has an average rating of Hold and an average price target of $240.57.

Tractor Supply Price Performance

NASDAQ TSCO opened at $247.35 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.28 and a current ratio of 1.50. The stock has a market cap of $26.70 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 3.68 and a beta of 0.84. The business has a 50 day simple moving average of $249.54 and a 200 day simple moving average of $224.28. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $268.02.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.06. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the firm earned $2.43 earnings per share. The firm’s revenue was down 8.6% compared to the same quarter last year. Analysts anticipate that Tractor Supply will post 10.19 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were issued a dividend of $1.10 per share. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, February 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.78%. Tractor Supply’s payout ratio is presently 43.61%.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 4,335 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the transaction, the chief financial officer now owns 20,678 shares of the company’s stock, valued at $5,314,246. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the sale, the chief financial officer now directly owns 20,678 shares in the company, valued at approximately $5,314,246. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Harry A. Lawton III sold 20,500 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total value of $4,775,065.00. Following the transaction, the chief executive officer now owns 95,192 shares in the company, valued at approximately $22,173,072.56. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock valued at $21,201,877 in the last three months. 0.24% of the stock is currently owned by company insiders.

Institutional Trading of Tractor Supply

Institutional investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC bought a new position in shares of Tractor Supply during the first quarter worth approximately $26,000. Rise Advisors LLC grew its position in Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after buying an additional 66 shares in the last quarter. Pacific Center for Financial Services bought a new position in Tractor Supply during the 1st quarter worth $26,000. Compass Wealth Management LLC acquired a new position in Tractor Supply in the 4th quarter valued at $25,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of Tractor Supply during the 4th quarter valued at $27,000. 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.