Tractor Supply (NASDAQ:TSCO) Given Average Recommendation of “Hold” by Brokerages

Shares of Tractor Supply (NASDAQ:TSCO) have earned a consensus rating of “Hold” from the twenty-three analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $260.83.

A number of research analysts have recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Tractor Supply in a research note on Thursday, July 25th. Melius Research started coverage on Tractor Supply in a research note on Monday, September 23rd. They issued a “buy” rating and a $315.00 target price on the stock. Benchmark reissued a “buy” rating and set a $280.00 target price on shares of Tractor Supply in a research note on Friday, July 26th. Wells Fargo & Company raised their price target 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. Finally, Truist Financial boosted their price objective on shares of Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Tractor Supply Trading Up 0.3 %

Shares of Tractor Supply stock opened at $286.14 on Monday. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $290.38. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $268.74 and a 200-day moving average price of $267.97. The firm has a market cap of $30.85 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 3.49 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the firm earned $3.83 earnings per share. Tractor Supply’s revenue was up 1.6% on a year-over-year basis. Equities research analysts anticipate that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.54%. The ex-dividend date was Monday, August 26th. Tractor Supply’s dividend payout ratio is presently 42.84%.

Insider Transactions at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the transaction, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new stake in Tractor Supply in the first quarter valued at $26,000. Rise Advisors LLC raised 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 valued at $28,000 after acquiring an additional 66 shares in the last quarter. LRI Investments LLC purchased a new position in Tractor Supply during the first quarter valued at approximately $28,000. J.Safra Asset Management Corp lifted its holdings in Tractor Supply by 700.0% in the first 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 during the period. Finally, Whittier Trust Co. boosted its position in Tractor Supply by 60.9% in the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other 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.