Benchmark Issues Positive Forecast for Tractor Supply (NASDAQ:TSCO) Stock Price

Tractor Supply (NASDAQ:TSCO) had its target price lifted by Benchmark from $280.00 to $310.00 in a report issued on Monday morning, Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

A number of other brokerages have also commented on TSCO. Wells Fargo & Company upped their price target on shares of Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Barclays upped their price target on shares of Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. UBS Group upped their price target on shares of Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. DA Davidson upped their price target on shares of Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Loop Capital upped their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $279.00.

Tractor Supply Stock Down 0.9 %

Shares of TSCO stock opened at $265.51 on Monday. 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 firm’s 50-day moving average is $282.48 and its 200-day moving average is $273.54. The stock has a market cap of $28.64 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 3.42 and a beta of 0.80. Tractor Supply has a 52-week low of $188.07 and a 52-week high of $307.64.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 annualized dividend and a yield of 1.66%. Tractor Supply’s payout ratio is 42.80%.

Insider Transactions at Tractor Supply

In related news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction on 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 owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Lifestyle Asset Management Inc. raised its holdings in Tractor Supply by 3.7% during the third quarter. Lifestyle Asset Management Inc. now owns 4,138 shares of the specialty retailer’s stock worth $1,204,000 after buying an additional 149 shares during the last quarter. Portside Wealth Group LLC raised its holdings in Tractor Supply by 17.4% during the third quarter. Portside Wealth Group LLC now owns 1,873 shares of the specialty retailer’s stock worth $545,000 after buying an additional 277 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in Tractor Supply by 0.3% during the third quarter. Kornitzer Capital Management Inc. KS now owns 31,492 shares of the specialty retailer’s stock worth $9,162,000 after buying an additional 89 shares during the last quarter. Wilkinson Global Asset Management LLC raised its holdings in Tractor Supply by 10.1% during the third quarter. Wilkinson Global Asset Management LLC now owns 5,445 shares of the specialty retailer’s stock worth $1,584,000 after buying an additional 500 shares during the last quarter. Finally, M&G PLC raised its holdings in Tractor Supply by 2.0% during the third quarter. M&G PLC now owns 63,695 shares of the specialty retailer’s stock worth $18,535,000 after buying an additional 1,224 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.