Tractor Supply (NASDAQ:TSCO) Price Target Raised to $290.00

Tractor Supply (NASDAQ:TSCO) had its price target lifted by Loop Capital from $265.00 to $290.00 in a research note released on Thursday,Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

TSCO has been the topic of several other reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $335.00 price objective on shares of Tractor Supply in a report on Friday, December 6th. Citigroup lowered shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Truist Financial reduced their price objective on Tractor Supply from $325.00 to $317.00 and set a “buy” rating for the company in a research note on Friday, October 25th. DA Davidson upped their target price on Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Barclays raised their target price on Tractor Supply from $250.00 to $262.00 and gave the stock an “equal weight” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $284.50.

Tractor Supply Stock Up 0.1 %

Shares of TSCO stock opened at $285.45 on Thursday. Tractor Supply has a fifty-two week low of $209.00 and a fifty-two week high of $307.64. The firm has a market capitalization 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 debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The stock’s 50-day simple moving average is $284.23 and its 200-day simple moving average is $276.14.

Tractor Supply shares are going to split before the market opens on Friday, December 20th. The 5-1 split was announced on Thursday, December 5th. The newly created shares will be distributed to shareholders after the closing bell on Thursday, December 19th.

Tractor Supply Dividend Announcement

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

Insider Activity at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the transaction, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tractor Supply

A number of large investors have recently modified their holdings of the business. Henrickson Nauta Wealth Advisors Inc. boosted its position in Tractor Supply by 3.2% during the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock worth $328,000 after acquiring an additional 35 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Tractor Supply by 0.5% during the 3rd quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock worth $2,238,000 after purchasing an additional 37 shares during the last quarter. Baldwin Investment Management LLC grew its position in shares of Tractor Supply by 0.3% in the third quarter. Baldwin Investment Management LLC now owns 11,402 shares of the specialty retailer’s stock valued at $3,317,000 after purchasing an additional 38 shares in the last quarter. X Square Capital LLC increased its holdings in shares of Tractor Supply by 1.6% in the second quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock valued at $696,000 after purchasing an additional 41 shares during the last quarter. Finally, TCI Wealth Advisors Inc. lifted its position in Tractor Supply by 5.1% during the third quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer’s stock worth $246,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

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.