Barclays Lowers Tractor Supply (NASDAQ:TSCO) Price Target to $52.00

Tractor Supply (NASDAQ:TSCO) had its target price reduced by Barclays from $262.00 to $52.00 in a report published on Monday,Benzinga reports. Barclays currently has an equal weight rating on the specialty retailer’s stock.

A number of other research firms also recently issued reports on TSCO. Mizuho increased their target price on shares of Tractor Supply from $50.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. DA Davidson raised their price target on Tractor Supply from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Melius Research began coverage on Tractor Supply in a report on Monday, September 23rd. They issued a “buy” rating and a $63.00 price objective on the stock. Loop Capital boosted their target price on shares of Tractor Supply from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Thursday, December 12th. Finally, Robert W. Baird set a $64.00 price target on shares of Tractor Supply in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Tractor Supply currently has an average rating of “Moderate Buy” and a consensus price target of $57.96.

Tractor Supply Stock Down 3.6 %

TSCO stock opened at $52.59 on Monday. The company’s 50 day simple moving average is $55.69 and its 200-day simple moving average is $55.18. Tractor Supply has a 52-week low of $42.35 and a 52-week high of $61.53. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. The firm has a market capitalization of $28.09 billion, a P/E ratio of 5.12, a P/E/G ratio of 3.58 and a beta of 0.83.

Tractor Supply Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.88 annualized dividend and a yield of 1.67%. Tractor Supply’s dividend payout ratio (DPR) is 42.72%.

Institutional Trading of Tractor Supply

A number of institutional investors and hedge funds have recently modified their holdings of the company. Henrickson Nauta Wealth Advisors Inc. boosted its stake 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 buying an additional 35 shares in the last quarter. Private Advisor Group LLC boosted its position 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 valued at $2,238,000 after acquiring an additional 37 shares in the last quarter. Baldwin Investment Management LLC increased its stake in 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 acquiring an additional 38 shares during the period. X Square Capital LLC increased its stake in 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 acquiring an additional 41 shares during the period. Finally, TCI Wealth Advisors Inc. raised its position in Tractor Supply by 5.1% in the third quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer’s stock worth $246,000 after purchasing an additional 41 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Company Profile

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.