Guggenheim Reiterates “Buy” Rating for Tractor Supply (NASDAQ:TSCO)

Guggenheim reaffirmed their buy rating on shares of Tractor Supply (NASDAQ:TSCO) in a research report released on Friday,Benzinga reports. The brokerage currently has a $60.00 price target on the specialty retailer’s stock.

Other equities research analysts also recently issued research reports about the stock. Evercore ISI raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Robert W. Baird set a $64.00 target price on shares of Tractor Supply in a research report on Thursday, October 17th. Truist Financial decreased their target price on shares of Tractor Supply from $65.00 to $63.40 and set a “buy” rating for the company in a research report on Friday, October 25th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $67.00 target price on shares of Tractor Supply in a research report on Thursday. Finally, Wells Fargo & Company decreased their target price on shares of Tractor Supply from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.22.

Tractor Supply Stock Up 0.1 %

Shares of TSCO stock opened at $54.36 on Friday. The firm has a fifty day moving average of $55.24 and a 200-day moving average of $55.22. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. Tractor Supply has a 12-month low of $44.35 and a 12-month high of $61.53. The company has a market capitalization of $29.04 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 3.29 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by ($1.84). Tractor Supply had a return on equity of 50.19% and a net margin of 7.53%. As a group, equities research analysts predict that Tractor Supply will post 2.05 earnings per share for the current fiscal year.

Tractor Supply Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, November 25th. Tractor Supply’s dividend payout ratio is presently 42.80%.

Institutional Trading of Tractor Supply

A number of hedge funds have recently modified their holdings of TSCO. PrairieView Partners LLC lifted its stake in shares of Tractor Supply by 400.0% during the 4th quarter. PrairieView Partners LLC now owns 500 shares of the specialty retailer’s stock worth $26,000 after buying an additional 400 shares during the last quarter. Future Financial Wealth Managment LLC lifted its stake in shares of Tractor Supply by 400.0% during the 4th quarter. Future Financial Wealth Managment LLC now owns 500 shares of the specialty retailer’s stock worth $27,000 after buying an additional 400 shares during the last quarter. Archer Investment Corp lifted its stake in shares of Tractor Supply by 400.0% during the 4th quarter. Archer Investment Corp now owns 500 shares of the specialty retailer’s stock worth $27,000 after buying an additional 400 shares during the last quarter. Kentucky Trust Co acquired a new stake in shares of Tractor Supply during the 4th quarter worth about $27,000. Finally, First Personal Financial Services acquired a new stake in shares of Tractor Supply during the 3rd quarter worth about $29,000. Institutional investors and hedge funds 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.