Tractor Supply (NASDAQ:TSCO) Stock Rating Reaffirmed by Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Tractor Supply (NASDAQ:TSCO) in a report released on Thursday, MarketBeat.com reports. They currently have a $305.00 price objective on the specialty retailer’s stock.

A number of other equities analysts also recently weighed in on TSCO. Wells Fargo & Company boosted their target price on shares of Tractor Supply from $285.00 to $295.00 and gave the stock an overweight rating in a report on Monday, July 22nd. Mizuho reiterated a neutral rating and issued a $250.00 price objective (up from $245.00) on shares of Tractor Supply in a report on Friday, April 26th. 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 report on Friday, April 26th. Piper Sandler upped their price objective on shares of Tractor Supply from $265.00 to $300.00 and gave the company an overweight rating in a report on Monday, April 29th. Finally, Morgan Stanley upped their price objective on shares of Tractor Supply from $195.00 to $235.00 and gave the company an underweight rating in a report on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Tractor Supply currently has an average rating of Hold and a consensus price target of $256.58.

Tractor Supply Price Performance

Shares of TSCO opened at $262.52 on Thursday. The company has a market cap of $28.30 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 3.37 and a beta of 0.81. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. The company’s fifty day simple moving average is $273.49 and its 200 day simple moving average is $257.49. The company has a current ratio of 1.43, a quick ratio of 0.19 and a debt-to-equity ratio of 0.76.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $3.93. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.83 earnings per share. On average, research analysts forecast that Tractor Supply will post 10.29 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company 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 annualized dividend and a yield of 1.68%. Tractor Supply’s dividend payout ratio is 42.84%.

Institutional Investors Weigh In On Tractor Supply

Several institutional investors and hedge funds have recently bought and sold shares of TSCO. Wellington Management Group LLP lifted its position in Tractor Supply by 63.2% during the fourth quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock worth $990,526,000 after purchasing an additional 1,784,304 shares during the period. Norges Bank bought a new stake in Tractor Supply during the fourth quarter worth about $260,560,000. Capital World Investors lifted its position in Tractor Supply by 10.0% during the fourth quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after purchasing an additional 531,170 shares during the period. Capital International Investors lifted its holdings in shares of Tractor Supply by 7.6% in the fourth quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock worth $1,340,589,000 after acquiring an additional 439,954 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Tractor Supply by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after acquiring an additional 368,859 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

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.