Tractor Supply (NASDAQ:TSCO) Receives $58.25 Average Price Target from Analysts

Tractor Supply (NASDAQ:TSCO) has earned an average rating of “Moderate Buy” from the twenty-two brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $58.25.

A number of analysts recently weighed in on TSCO shares. Wells Fargo & Company lowered their target price on shares of Tractor Supply from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. Evercore ISI upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th. UBS Group raised their target price on Tractor Supply from $54.40 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Mizuho upgraded Tractor Supply from a “neutral” rating to an “outperform” rating and upped their price target for the company from $54.00 to $60.00 in a research report on Monday, January 6th. Finally, Truist Financial reduced their target price on shares of Tractor Supply from $65.00 to $63.40 and set a “buy” rating on the stock in a research note on Friday, October 25th.

Hedge Funds Weigh In On Tractor Supply

Several large investors have recently bought and sold shares of the business. Tilia Fiduciary Partners Inc. raised its position in shares of Tractor Supply by 418.2% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 48,688 shares of the specialty retailer’s stock valued at $2,583,000 after acquiring an additional 39,293 shares during the last quarter. Ridgewood Investments LLC boosted its holdings in Tractor Supply by 349.7% during the fourth quarter. Ridgewood Investments LLC now owns 6,048 shares of the specialty retailer’s stock worth $321,000 after buying an additional 4,703 shares during the last quarter. ST Germain D J Co. Inc. grew its position in shares of Tractor Supply by 392.3% during the 4th quarter. ST Germain D J Co. Inc. now owns 640 shares of the specialty retailer’s stock worth $34,000 after buying an additional 510 shares during the period. First Hawaiian Bank bought a new stake in shares of Tractor Supply in the 4th quarter valued at about $337,000. Finally, Fulton Bank N.A. boosted its stake in Tractor Supply by 392.9% during the 4th quarter. Fulton Bank N.A. now owns 4,515 shares of the specialty retailer’s stock worth $240,000 after acquiring an additional 3,599 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Trading Up 0.4 %

Shares of Tractor Supply stock opened at $54.59 on Wednesday. The company’s fifty day moving average price is $55.29 and its two-hundred day moving average price is $54.97. The firm has a market capitalization of $29.16 billion, a PE ratio of 5.31, a price-to-earnings-growth ratio of 3.58 and a beta of 0.84. Tractor Supply has a 52-week low of $43.83 and a 52-week 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 Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.88 dividend on an annualized basis and a yield of 1.61%. Tractor Supply’s payout ratio is presently 42.72%.

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.