Tractor Supply’s (TSCO) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Tractor Supply (NASDAQ:TSCO) in a report published on Friday morning,Benzinga reports. The firm currently has a $67.00 price objective on the specialty retailer’s stock. Telsey Advisory Group also issued estimates for Tractor Supply’s Q4 2024 earnings at $0.46 EPS, FY2024 earnings at $2.06 EPS, Q1 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.51 EPS and FY2026 earnings at $2.45 EPS.

TSCO has been the topic of a number of other research reports. DA Davidson upped their target price on shares of Tractor Supply from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Bank of America lifted their target price on shares of Tractor Supply from $44.00 to $53.00 and gave the company an “underperform” rating in a report on Thursday, January 16th. Wells Fargo & Company decreased their price target on Tractor Supply from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. Loop Capital lifted their price objective on Tractor Supply from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Thursday, December 12th. Finally, Benchmark increased their target price on Tractor Supply from $56.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply currently has a consensus rating of “Moderate Buy” and an average price target of $58.58.

Tractor Supply Trading Up 1.0 %

Shares of TSCO opened at $57.94 on Friday. Tractor Supply has a 12-month low of $44.35 and a 12-month high of $61.53. The firm has a market capitalization of $30.95 billion, a P/E ratio of 28.18, a P/E/G ratio of 3.31 and a beta of 0.84. The firm has a 50-day moving average price of $55.12 and a 200 day moving average price of $55.16. 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is 42.80%.

Institutional Trading of Tractor Supply

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. RBA Wealth Management LLC grew its position in shares of Tractor Supply by 410.0% in the 4th quarter. RBA Wealth Management LLC now owns 69,327 shares of the specialty retailer’s stock valued at $3,678,000 after buying an additional 55,734 shares during the last quarter. abrdn plc grew its holdings in shares of Tractor Supply by 632.0% during the fourth quarter. abrdn plc now owns 849,432 shares of the specialty retailer’s stock worth $44,965,000 after purchasing an additional 733,396 shares during the last quarter. Trust Point Inc. increased its position in shares of Tractor Supply by 566.6% during the fourth quarter. Trust Point Inc. now owns 41,884 shares of the specialty retailer’s stock worth $2,222,000 after purchasing an additional 35,601 shares in the last quarter. Matisse Capital lifted its holdings in shares of Tractor Supply by 400.0% in the 4th quarter. Matisse Capital now owns 18,290 shares of the specialty retailer’s stock valued at $970,000 after purchasing an additional 14,632 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT boosted its position in shares of Tractor Supply by 437.7% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 19,438 shares of the specialty retailer’s stock valued at $1,031,000 after purchasing an additional 15,823 shares during the period. Institutional investors and hedge funds 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.