Tractor Supply (NASDAQ:TSCO) Given New $325.00 Price Target at DA Davidson

Tractor Supply (NASDAQ:TSCO) had its price objective increased by DA Davidson from $300.00 to $325.00 in a report issued on Friday morning, Benzinga reports. They currently have a buy rating on the specialty retailer’s stock. DA Davidson also issued estimates for Tractor Supply’s Q3 2024 earnings at $2.23 EPS, FY2024 earnings at $10.33 EPS and FY2025 earnings at $11.47 EPS.

Several other research analysts have also recently issued reports on TSCO. Citigroup cut Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Melius Research began coverage on shares of Tractor Supply in a report on Monday, September 23rd. They issued a “buy” rating and a $315.00 price target for the company. Barclays boosted their price objective on shares of Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a report on Friday. Truist Financial dropped their target price on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating for the company in a report on Friday. Finally, Wells Fargo & Company boosted their price target on Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $279.00.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $269.99 on Friday. The company has a market cap of $29.12 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 3.42 and a beta of 0.80. The stock has a 50 day simple moving average of $282.36 and a 200-day simple moving average of $273.47. Tractor Supply has a 12-month low of $186.06 and a 12-month high of $307.64. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were paid a $1.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.63%. Tractor Supply’s payout ratio is currently 42.80%.

Insider Buying and Selling at Tractor Supply

In other news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction 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 sale, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction dated Tuesday, October 1st. The shares were 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Matthew L. Rubin sold 540 shares of the firm’s 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 completion of the sale, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tractor Supply

A number of large investors have recently bought and sold shares of TSCO. Future Financial Wealth Managment LLC purchased a new stake in shares of Tractor Supply during the 1st quarter valued at $26,000. LRI Investments LLC acquired a new position in Tractor Supply in the first quarter valued at $28,000. J.Safra Asset Management Corp grew 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 acquiring an additional 98 shares during the period. Whittier Trust Co. increased 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 acquiring an additional 42 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Tractor Supply in the 2nd quarter worth about $33,000. Hedge funds and other 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.