Evercore ISI Trims Tractor Supply (NASDAQ:TSCO) Target Price to $290.00

Tractor Supply (NASDAQ:TSCO) had its price objective lowered by Evercore ISI from $295.00 to $290.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has an outperform rating on the specialty retailer’s stock.

TSCO has been the subject of a number of other research reports. Morgan Stanley raised their price objective on Tractor Supply from $195.00 to $235.00 and gave the stock an underweight rating in a research report on Friday, April 26th. Telsey Advisory Group raised their price objective on Tractor Supply from $280.00 to $305.00 and gave the stock an outperform rating in a research report on Wednesday, May 1st. Barclays raised their price objective on Tractor Supply from $234.00 to $240.00 and gave the stock an equal weight rating in a research report on Friday, April 26th. Raymond James raised their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an outperform rating in a research report on Friday, April 26th. Finally, Mizuho restated a neutral rating and set a $250.00 target price (up previously from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $253.96.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO opened at $261.65 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. The firm has a market cap of $28.21 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 3.46 and a beta of 0.81. The business’s 50-day simple moving average is $275.40 and its 200-day simple moving average is $251.43. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $290.38.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the prior year, the company earned $1.65 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities research analysts expect that Tractor Supply will post 10.34 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were paid a $1.10 dividend. The ex-dividend date was Friday, May 24th. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. Tractor Supply’s dividend payout ratio (DPR) is currently 42.84%.

Institutional Investors Weigh In On Tractor Supply

Several hedge funds and other institutional investors have recently made changes to their positions in TSCO. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply in the 1st quarter valued at $26,000. Private Wealth Management Group LLC acquired a new stake in shares of Tractor Supply during the fourth quarter worth $27,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Tractor Supply during the fourth quarter worth $28,000. Rise Advisors LLC grew its stake in shares of 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 purchasing an additional 66 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of Tractor Supply during the first quarter worth $28,000. 98.72% of the stock is owned by institutional investors and hedge funds.

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.