Tractor Supply (NASDAQ:TSCO) Given Average Rating of “Moderate Buy” by Brokerages

Tractor Supply (NASDAQ:TSCO) has received an average rating of “Moderate Buy” from the twenty-two analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $58.25.

A number of equities research analysts have recently issued reports on the company. Citigroup cut Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Robert W. Baird set a $64.00 price target on shares of Tractor Supply in a research report on Thursday, October 17th. Raymond James upped their target price on shares of Tractor Supply from $57.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Wedbush reiterated a “neutral” rating and set a $54.00 price target on shares of Tractor Supply in a report on Friday, October 25th. Finally, Wells Fargo & Company dropped their price objective on Tractor Supply from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th.

Institutional Trading of Tractor Supply

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSCO. Wellington Management Group LLP increased its stake in Tractor Supply by 3.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,740,864 shares of the specialty retailer’s stock valued at $1,379,260,000 after buying an additional 161,503 shares during the last quarter. State Street Corp grew its holdings in shares of Tractor Supply by 1.1% in the third 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 in the last quarter. Geode Capital Management LLC increased its position in shares of Tractor Supply by 1.5% during the third 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 last quarter. Dimensional Fund Advisors LP lifted its holdings 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 period. Finally, Massachusetts Financial Services Co. MA boosted its position in Tractor Supply by 3.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 830,193 shares of the specialty retailer’s stock worth $241,528,000 after purchasing an additional 29,730 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Tractor Supply Trading Up 0.4 %

NASDAQ TSCO opened at $53.87 on Wednesday. The stock has a market capitalization of $28.78 billion, a price-to-earnings ratio of 5.24, a PEG ratio of 3.58 and a beta of 0.84. Tractor Supply has a 52 week low of $43.56 and a 52 week high of $61.53. The stock’s 50 day moving average price is $55.25 and its two-hundred day moving average price is $54.98. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48.

Tractor Supply Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Monday, November 25th. Tractor Supply’s dividend payout ratio is currently 42.72%.

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.