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

Tractor Supply (NASDAQ:TSCO) has been assigned a consensus rating of “Moderate Buy” from the twenty-three analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $284.50.

A number of research firms recently weighed in on TSCO. Wedbush reissued a “neutral” rating and set a $270.00 price target on shares of Tractor Supply in a research note on Friday, October 25th. Loop Capital upped their target price on shares of Tractor Supply from $265.00 to $290.00 and gave the company a “hold” rating in a research report on Thursday. DA Davidson increased their price target on Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Gordon Haskett cut Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Finally, Barclays upped their price objective on Tractor Supply from $250.00 to $262.00 and gave the company an “equal weight” rating in a report on Monday, December 9th.

Insider Transactions at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the transaction, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

Institutional Trading of Tractor Supply

Several institutional investors and hedge funds have recently bought and sold shares of TSCO. Wellington Management Group LLP lifted its stake in shares of Tractor Supply by 3.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,740,864 shares of the specialty retailer’s stock worth $1,379,260,000 after buying an additional 161,503 shares during the last quarter. State Street Corp raised its holdings in Tractor Supply by 1.1% in the 3rd quarter. State Street Corp now owns 4,518,341 shares of the specialty retailer’s stock valued at $1,314,521,000 after acquiring an additional 47,951 shares during the period. Geode Capital Management LLC raised its holdings in Tractor Supply by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,885,688 shares of the specialty retailer’s stock valued at $837,156,000 after acquiring an additional 43,998 shares during the period. Dimensional Fund Advisors LP lifted its position in Tractor Supply by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,123,280 shares of the specialty retailer’s stock worth $303,278,000 after acquiring an additional 110,342 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Tractor Supply by 3.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 830,193 shares of the specialty retailer’s stock worth $241,528,000 after acquiring an additional 29,730 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Up 0.1 %

Shares of NASDAQ TSCO opened at $285.45 on Friday. Tractor Supply has a 1-year low of $209.00 and a 1-year high of $307.64. The company has a 50-day moving average of $284.23 and a two-hundred day moving average of $276.18. The company has a market cap of $30.50 billion, a PE ratio of 27.77, a P/E/G ratio of 3.58 and a beta of 0.83. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81.

Shares of Tractor Supply are scheduled to split on Friday, December 20th. The 5-1 split was announced on Thursday, December 5th. The newly issued shares will be issued to shareholders after the market closes on Thursday, December 19th.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is 42.80%.

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.