Shares of Tractor Supply (NASDAQ:TSCO - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty-four research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $256.58.
A number of brokerages have recently weighed in on TSCO. JPMorgan Chase & Co. raised their price objective on Tractor Supply from $241.00 to $263.00 and gave the company a "neutral" rating in a research report on Friday, May 3rd. TD Cowen raised their price target on Tractor Supply from $250.00 to $270.00 and gave the company a "buy" rating in a report on Friday, April 26th. Truist Financial lifted their price objective on Tractor Supply from $289.00 to $293.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Robert W. Baird increased their target price on Tractor Supply from $260.00 to $285.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. Finally, Evercore ISI reduced their target price on shares of Tractor Supply from $290.00 to $280.00 and set an "outperform" rating on the stock in a report on Friday, July 26th.
Get Our Latest Analysis on TSCO
Hedge Funds Weigh In On Tractor Supply
Large investors have recently made changes to their positions in the business. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply during the 1st quarter valued at about $26,000. Private Wealth Management Group LLC acquired a new stake in Tractor Supply in the 4th quarter worth approximately $27,000. Rise Advisors LLC grew its position in Tractor Supply by 157.1% during the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer's stock worth $28,000 after purchasing an additional 66 shares during the last quarter. LRI Investments LLC acquired a new position in Tractor Supply during the 1st quarter valued at approximately $28,000. Finally, J.Safra Asset Management Corp raised its holdings in shares of Tractor Supply by 700.0% in the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer's stock worth $29,000 after buying an additional 98 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.
Tractor Supply Price Performance
Shares of NASDAQ TSCO traded down $0.40 during mid-day trading on Friday, reaching $260.52. The company's stock had a trading volume of 621,865 shares, compared to its average volume of 1,133,178. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $290.38. The stock has a fifty day moving average of $268.69 and a two-hundred day moving average of $260.00. The firm has a market capitalization of $28.09 billion, a PE ratio of 25.37, a P/E/G ratio of 3.26 and a beta of 0.81.
Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting the consensus estimate of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the prior year, the company posted $3.83 EPS. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tractor Supply will post 10.23 EPS for the current fiscal year.
Tractor Supply Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.69%. Tractor Supply's dividend payout ratio (DPR) is 42.84%.
Tractor Supply Company Profile
(Get Free Report
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.
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