UBS Group Increases Tractor Supply (NASDAQ:TSCO) Price Target to $280.00

Tractor Supply (NASDAQ:TSCO) had its price target lifted by UBS Group from $272.00 to $280.00 in a report published on Friday morning, Benzinga reports. UBS Group currently has a neutral rating on the specialty retailer’s stock.

TSCO has been the topic of several other research reports. JPMorgan Chase & Co. lifted their price objective on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Truist Financial cut their price target on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a research note on Friday. Wells Fargo & Company increased their price objective on shares of Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Evercore ISI lowered shares of Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price objective on the stock. in a report on Thursday, October 3rd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a research note on Friday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $279.00.

Tractor Supply Price Performance

TSCO opened at $269.99 on Friday. The company has a fifty day simple moving average of $282.36 and a 200 day simple moving average of $273.47. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. The stock has a market cap of $29.12 billion, a P/E ratio of 26.26, a P/E/G ratio of 3.42 and a beta of 0.80. Tractor Supply has a 12 month low of $186.06 and a 12 month high of $307.64.

Tractor Supply Announces Dividend

The business 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. The ex-dividend date was Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.63%. Tractor Supply’s dividend payout ratio is currently 42.80%.

Insider Transactions at Tractor Supply

In other news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. This trade represents a 0.00 % 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. In related news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of the firm’s 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 transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On Tractor Supply

Institutional investors and hedge funds have recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in shares of Tractor Supply in the 1st quarter valued at approximately $26,000. LRI Investments LLC bought a new position in Tractor Supply in the first quarter valued at approximately $28,000. J.Safra Asset Management Corp raised its position in Tractor Supply by 700.0% during the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 98 shares in the last quarter. Whittier Trust Co. lifted its stake in Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Tractor Supply in the 2nd quarter valued at $33,000. Institutional investors 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.