Tractor Supply (NASDAQ:TSCO) Receives $256.58 Consensus Target Price from Analysts

Tractor Supply (NASDAQ:TSCO) has earned a consensus recommendation of “Moderate Buy” from the twenty-four analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $256.58.

Several research analysts have recently issued reports on the company. Truist Financial upped their price objective on Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price target on shares of Tractor Supply in a research note on Thursday, July 25th. Wells Fargo & Company boosted their price objective on shares of Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Morgan Stanley raised their target price on Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research report on Friday, April 26th. Finally, Raymond James upped their price target on Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, April 26th.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $263.48 on Friday. The firm’s fifty day moving average price is $267.95 and its two-hundred day moving average price is $261.01. The stock has a market cap of $28.42 billion, a PE ratio of 25.66, a PEG ratio of 3.29 and a beta of 0.81. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $290.38.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.83 EPS. On average, equities analysts expect that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th will be issued a $1.10 dividend. The ex-dividend date is Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.67%. Tractor Supply’s payout ratio is currently 42.84%.

Insider Activity

In related news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the transaction, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Future Financial Wealth Managment LLC bought a new position in Tractor Supply in the 1st quarter valued at about $26,000. Private Wealth Management Group LLC purchased a new position in shares of Tractor Supply during the fourth quarter valued at approximately $27,000. Rise Advisors LLC grew its holdings 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. LRI Investments LLC purchased a new stake in Tractor Supply in the 1st quarter valued at $28,000. Finally, J.Safra Asset Management Corp lifted its stake in Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 98 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

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.