Tractor Supply (NASDAQ:TSCO) Earns “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Tractor Supply (NASDAQ:TSCO) in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a $67.00 target price on the specialty retailer’s stock. Telsey Advisory Group also issued estimates for Tractor Supply’s Q4 2024 earnings at $0.46 EPS, FY2024 earnings at $2.06 EPS, Q1 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.51 EPS and FY2026 earnings at $2.45 EPS.

TSCO has been the topic of several other reports. Benchmark lifted their price target on shares of Tractor Supply from $56.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Raymond James lifted their target price on Tractor Supply from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Citigroup cut Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Evercore ISI upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th. Finally, Bank of America boosted their price objective on Tractor Supply from $44.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Tractor Supply presently has an average rating of “Moderate Buy” and an average price target of $58.90.

Tractor Supply Stock Up 0.1 %

Shares of NASDAQ TSCO opened at $54.36 on Thursday. The business has a 50-day moving average of $55.24 and a two-hundred day moving average of $55.22. The company has a market capitalization of $29.04 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 3.29 and a beta of 0.84. Tractor Supply has a 1 year low of $44.35 and a 1 year high of $61.53. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($1.84). Tractor Supply had a return on equity of 50.19% and a net margin of 7.53%. On average, analysts forecast that Tractor Supply will post 2.05 earnings per share for the current fiscal year.

Tractor Supply Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.62%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Institutional Investors Weigh In On Tractor Supply

Hedge funds and other institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC increased its holdings in shares of Tractor Supply by 451.3% in the 4th quarter. Global Retirement Partners LLC now owns 26,918 shares of the specialty retailer’s stock valued at $1,428,000 after purchasing an additional 22,035 shares in the last quarter. Wilkinson Global Asset Management LLC grew its position in Tractor Supply by 400.5% during the fourth quarter. Wilkinson Global Asset Management LLC now owns 27,250 shares of the specialty retailer’s stock worth $1,446,000 after buying an additional 21,805 shares during the period. Lorne Steinberg Wealth Management Inc. increased its holdings in Tractor Supply by 399.6% in the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 89,000 shares of the specialty retailer’s stock valued at $4,722,000 after buying an additional 71,185 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Tractor Supply by 378.9% during the 4th quarter. New York State Common Retirement Fund now owns 392,115 shares of the specialty retailer’s stock valued at $20,806,000 after acquiring an additional 310,234 shares during the period. Finally, Mcdonald Partners LLC boosted its stake in shares of Tractor Supply by 382.0% during the 4th quarter. Mcdonald Partners LLC now owns 63,378 shares of the specialty retailer’s stock worth $3,363,000 after acquiring an additional 50,228 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.