Tractor Supply (NASDAQ:TSCO) PT Raised to $290.00

Tractor Supply (NASDAQ:TSCO) had its price target hoisted by JPMorgan Chase & Co. from $260.00 to $290.00 in a research report report published on Wednesday, Benzinga reports. They currently have a neutral rating on the specialty retailer’s stock.

Several other analysts also recently weighed in on the stock. Truist Financial lifted their target price on shares of Tractor Supply from $293.00 to $325.00 and gave the company a “buy” rating in a report on Monday, October 14th. Evercore ISI lowered shares of Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 target price on the stock. in a report on Thursday, October 3rd. Citigroup raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Melius Research assumed coverage on Tractor Supply in a research report on Monday, September 23rd. They set a “buy” rating and a $315.00 price objective on the stock. Finally, Wedbush reiterated a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $272.50.

Tractor Supply Stock Down 0.2 %

TSCO stock opened at $297.62 on Wednesday. Tractor Supply has a one year low of $185.00 and a one year high of $307.64. The firm’s 50 day moving average price is $279.96 and its 200-day moving average price is $272.03. The firm has a market cap of $32.09 billion, a PE ratio of 28.98, a PEG ratio of 3.81 and a beta of 0.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.93. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. Tractor Supply’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.83 EPS. On average, equities research analysts anticipate that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

Insider Activity

In related news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the transaction, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction that occurred on 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 directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Tractor Supply by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after purchasing an additional 368,859 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Tractor Supply by 2,921.4% in the second quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock valued at $96,451,000 after purchasing an additional 345,402 shares during the period. Clearbridge Investments LLC boosted its holdings in Tractor Supply by 11,952.8% during the first quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock worth $63,121,000 after buying an additional 239,176 shares in the last quarter. Employees Retirement System of Texas acquired a new position in Tractor Supply during the second quarter worth about $38,070,000. Finally, Swedbank AB purchased a new position in Tractor Supply in the first quarter valued at about $34,262,000. 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.