Tractor Supply (NASDAQ:TSCO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Tractor Supply (NASDAQ:TSCO) have been given an average recommendation of “Moderate Buy” by the twenty-four ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $253.96.

A number of equities research analysts have recently issued reports on the stock. Wedbush reissued a “neutral” rating and issued a $235.00 price target on shares of Tractor Supply in a report on Tuesday, April 23rd. Benchmark reissued a “buy” rating and issued a $256.00 price target on shares of Tractor Supply in a report on Monday, April 22nd. Piper Sandler boosted their price target on shares of Tractor Supply from $265.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Mizuho reiterated a “neutral” rating and issued a $250.00 price objective (up previously from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Finally, Truist Financial boosted their target price on Tractor Supply from $277.00 to $289.00 and gave the stock a “buy” rating in a research report on Friday, April 26th.

Tractor Supply Stock Down 0.5 %

Tractor Supply stock opened at $268.45 on Wednesday. The firm has a 50 day simple moving average of $274.69 and a 200 day simple moving average of $256.16. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. The firm has a market capitalization of $28.94 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 3.49 and a beta of 0.81.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the previous year, the business earned $1.65 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts predict that Tractor Supply will post 10.33 earnings per share for the current year.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were issued a $1.10 dividend. The ex-dividend date was Friday, May 24th. This represents a $4.40 annualized dividend and a dividend yield of 1.64%. Tractor Supply’s dividend payout ratio is currently 42.84%.

Institutional Investors Weigh In On Tractor Supply

Institutional investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC purchased a new stake in shares of Tractor Supply during the first quarter valued at approximately $26,000. Private Wealth Management Group LLC purchased a new stake in Tractor Supply during the 4th quarter valued at $27,000. Pinnacle Bancorp Inc. purchased a new stake in Tractor Supply during the 4th quarter valued at $28,000. Rise Advisors LLC grew its holdings in Tractor Supply by 157.1% in the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 66 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in shares of Tractor Supply in the first quarter valued at about $28,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

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.