Tractor Supply (NASDAQ:TSCO) Receives $284.50 Consensus PT from Analysts

Shares of Tractor Supply (NASDAQ:TSCO) have been assigned an average recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $289.90.

Several equities research analysts have recently weighed in on TSCO shares. Benchmark raised their price objective on Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. increased their price target on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Evercore ISI upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a report on Friday, November 15th. Loop Capital raised their target price on shares of Tractor Supply from $265.00 to $290.00 and gave the stock a “hold” rating in a report on Thursday, December 12th. Finally, UBS Group lifted their target price on shares of Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th.

Tractor Supply Price Performance

NASDAQ:TSCO opened at $276.52 on Friday. 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 business’s 50-day moving average price is $283.88 and its 200 day moving average price is $276.08. Tractor Supply has a 52-week low of $209.00 and a 52-week high of $307.64. The firm has a market cap of $29.54 billion, a P/E ratio of 26.90, a PEG ratio of 3.58 and a beta of 0.83.

Tractor Supply shares are going to split on Friday, December 20th. The 5-1 split was announced on Thursday, December 5th. The newly minted shares will be payable to shareholders after the market closes on Thursday, December 19th.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Monday, November 25th. Tractor Supply’s payout ratio is presently 42.80%.

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 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 trade represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of Tractor Supply

Large investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. grew its holdings in Tractor Supply by 527.7% during the second quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock valued at $7,155,000 after purchasing an additional 22,279 shares during the last quarter. Blue Trust Inc. grew its stake in Tractor Supply by 194.8% in the 2nd quarter. Blue Trust Inc. now owns 569 shares of the specialty retailer’s stock valued at $149,000 after buying an additional 376 shares during the last quarter. Brookstone Capital Management raised its holdings in Tractor Supply by 2.5% in the 2nd quarter. Brookstone Capital Management now owns 1,820 shares of the specialty retailer’s stock worth $507,000 after acquiring an additional 44 shares during the period. OFI Invest Asset Management acquired a new position in Tractor Supply during the 2nd quarter worth $33,000. Finally, Chesley Taft & Associates LLC boosted its holdings in Tractor Supply by 0.3% during the second quarter. Chesley Taft & Associates LLC now owns 23,369 shares of the specialty retailer’s stock valued at $6,310,000 after acquiring an additional 70 shares during the period. Institutional investors 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.