Tractor Supply (NASDAQ:TSCO) Upgraded at UBS Group

UBS Group upgraded shares of Tractor Supply (NASDAQ:TSCO) from a hold rating to a strong-buy rating in a report issued on Friday morning, Zacks.com reports.

A number of other equities analysts also recently commented on TSCO. Wells Fargo & Company raised their price objective 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. Telsey Advisory Group reaffirmed an outperform rating and set a $305.00 price objective on shares of Tractor Supply in a report on Thursday, July 25th. Truist Financial raised their price objective on shares of Tractor Supply from $289.00 to $293.00 and gave the stock a buy rating in a report on Friday, July 26th. Loop Capital raised their price objective on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a hold rating in a report on Friday, September 6th. Finally, Benchmark reaffirmed a buy rating and set a $280.00 price objective on shares of Tractor Supply in a report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Tractor Supply currently has a consensus rating of Moderate Buy and an average target price of $261.70.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $293.86 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $298.36. The firm has a fifty day moving average price of $272.26 and a two-hundred day moving average price of $269.51. The company has a market cap of $31.68 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 3.74 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share 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 firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the prior year, the firm earned $3.83 EPS. The business’s revenue was up 1.6% on a year-over-year basis. Analysts expect that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s payout ratio is presently 42.84%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Tractor Supply

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Tractor Supply by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock worth $2,753,432,000 after buying an additional 48,439 shares during the period. Wellington Management Group LLP grew its position in shares of Tractor Supply by 63.2% during the 4th quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock worth $990,526,000 after buying an additional 1,784,304 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Tractor Supply by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after buying an additional 368,859 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Tractor Supply by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,123,280 shares of the specialty retailer’s stock worth $303,278,000 after buying an additional 110,342 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Tractor Supply by 4.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 800,463 shares of the specialty retailer’s stock worth $216,125,000 after buying an additional 37,071 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.