Brokerages Set Tractor Supply (NASDAQ:TSCO) PT at $282.82

Tractor Supply (NASDAQ:TSCO) has been given an average recommendation of “Moderate Buy” by the twenty-three brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $282.59.

Several brokerages have commented on TSCO. Raymond James lifted their price target on Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Gordon Haskett cut shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Loop Capital increased their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a report on Friday, September 6th. Wedbush restated a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a report on Friday, October 25th. Finally, Robert W. Baird set a $320.00 target price on shares of Tractor Supply in a research note on Thursday, October 17th.

Tractor Supply Trading Up 1.9 %

Tractor Supply stock opened at $285.99 on Tuesday. Tractor Supply has a 52 week low of $197.00 and a 52 week high of $307.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The firm has a market capitalization of $30.56 billion, a PE ratio of 27.82, a PEG ratio of 3.53 and a beta of 0.82. The business’s 50-day simple moving average is $284.23 and its 200-day simple moving average is $275.68.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s payout ratio is currently 42.80%.

Insider Activity at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in Tractor Supply by 3.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,740,864 shares of the specialty retailer’s stock worth $1,379,260,000 after buying an additional 161,503 shares in the last quarter. State Street Corp raised its position in shares of Tractor Supply by 1.1% during the third quarter. State Street Corp now owns 4,518,341 shares of the specialty retailer’s stock worth $1,314,521,000 after acquiring an additional 47,951 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Tractor Supply by 12.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock valued at $871,691,000 after acquiring an additional 368,859 shares during the period. Geode Capital Management LLC boosted its holdings in Tractor Supply by 1.5% in the third quarter. Geode Capital Management LLC now owns 2,885,688 shares of the specialty retailer’s stock valued at $837,156,000 after acquiring an additional 43,998 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Tractor Supply by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,123,280 shares of the specialty retailer’s stock worth $303,278,000 after purchasing an additional 110,342 shares during the period. Institutional investors and hedge funds 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.