Shares of Tractor Supply (NASDAQ:TSCO - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-four analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $254.17.
TSCO has been the topic of a number of research reports. Benchmark reaffirmed a "buy" rating and set a $256.00 price target on shares of Tractor Supply in a research note on Monday, April 22nd. Robert W. Baird lifted their price objective on Tractor Supply from $260.00 to $285.00 and gave the company an "outperform" rating in a research note on Friday, April 26th. Barclays boosted their target price on Tractor Supply from $234.00 to $240.00 and gave the company an "equal weight" rating in a research note on Friday, April 26th. JPMorgan Chase & Co. boosted their target price on Tractor Supply from $241.00 to $263.00 and gave the company a "neutral" rating in a research note on Friday, May 3rd. Finally, Telsey Advisory Group boosted their target price on Tractor Supply from $280.00 to $305.00 and gave the company an "outperform" rating in a research note on Wednesday, May 1st.
View Our Latest Stock Report on Tractor Supply
Tractor Supply Stock Up 0.5 %
Shares of NASDAQ TSCO traded up $1.33 during mid-day trading on Friday, reaching $281.56. 1,755,488 shares of the company's stock were exchanged, compared to its average volume of 943,746. The firm has a market capitalization of $30.35 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 3.65 and a beta of 0.83. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. The business has a fifty day simple moving average of $272.67 and a 200 day simple moving average of $248.43. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $290.38.
Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the company earned $1.65 earnings per share. The business's revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts expect that Tractor Supply will post 10.34 EPS for the current fiscal year.
Tractor Supply Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.56%. Tractor Supply's payout ratio is 42.84%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in TSCO. Future Financial Wealth Managment LLC purchased a new position in shares of Tractor Supply during the first quarter valued at about $26,000. Private Wealth Management Group LLC purchased a new position in Tractor Supply in the fourth quarter worth about $27,000. Pinnacle Bancorp Inc. purchased a new position in Tractor Supply in the fourth quarter worth about $28,000. Rise Advisors LLC grew its position in Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer's stock worth $28,000 after acquiring an additional 66 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in Tractor Supply in the first quarter worth about $28,000. Hedge funds and other institutional investors own 98.72% of the company's stock.
About Tractor Supply
(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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