Tractor Supply (NASDAQ:TSCO) Receives $58.02 Consensus Price Target from Analysts

Shares of Tractor Supply (NASDAQ:TSCO) have been given an average rating of “Moderate Buy” by the twenty brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $58.02.

Several brokerages recently commented on TSCO. UBS Group set a $54.00 target price on Tractor Supply in a report on Friday, April 25th. Telsey Advisory Group set a $60.00 target price on Tractor Supply in a report on Friday, April 25th. Wall Street Zen cut Tractor Supply from a “hold” rating to a “sell” rating in a report on Friday, June 6th. JPMorgan Chase & Co. reduced their target price on Tractor Supply from $59.00 to $56.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Finally, Citigroup reduced their target price on Tractor Supply from $59.00 to $51.00 and set a “neutral” rating on the stock in a report on Friday, April 25th.

Tractor Supply Stock Performance

Tractor Supply stock opened at $51.54 on Friday. The business has a 50 day moving average of $50.60 and a 200-day moving average of $53.36. Tractor Supply has a 1 year low of $46.85 and a 1 year high of $61.53. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.20. The company has a market capitalization of $27.33 billion, a P/E ratio of 25.26, a P/E/G ratio of 2.95 and a beta of 0.74.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, April 24th. The specialty retailer reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the previous year, the company earned $1.83 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts predict that Tractor Supply will post 2.17 earnings per share for the current year.

Tractor Supply Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 28th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, May 28th. Tractor Supply’s dividend payout ratio is currently 45.77%.

Insider Buying and Selling

In related news, SVP Matthew L. Rubin sold 2,810 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $51.76, for a total value of $145,445.60. Following the transaction, the senior vice president now directly owns 29,722 shares in the company, valued at $1,538,410.72. This trade represents a 8.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tractor Supply

A number of large investors have recently modified their holdings of TSCO. FORA Capital LLC raised its position in Tractor Supply by 434.1% in the 4th quarter. FORA Capital LLC now owns 35,526 shares of the specialty retailer’s stock valued at $1,885,000 after buying an additional 28,875 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in Tractor Supply by 385.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,089,542 shares of the specialty retailer’s stock valued at $59,260,000 after buying an additional 865,273 shares during the last quarter. BOK Financial Private Wealth Inc. raised its position in Tractor Supply by 330.2% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 21,355 shares of the specialty retailer’s stock valued at $1,133,000 after buying an additional 16,391 shares during the last quarter. Gen Wealth Partners Inc raised its position in Tractor Supply by 513.8% in the 4th quarter. Gen Wealth Partners Inc now owns 14,320 shares of the specialty retailer’s stock valued at $760,000 after buying an additional 11,987 shares during the last quarter. Finally, Blueshift Asset Management LLC raised its position in Tractor Supply by 571.8% in the 4th quarter. Blueshift Asset Management LLC now owns 66,815 shares of the specialty retailer’s stock valued at $3,545,000 after buying an additional 56,870 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

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.