Tractor Supply (NASDAQ:TSCO) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Tractor Supply (NASDAQ:TSCO – Get Rating) in a research report released on Thursday. The brokerage issued a hold rating on the specialty retailer’s stock.

Several other research firms have also recently issued reports on TSCO. Piper Sandler boosted their target price on Tractor Supply from $256.00 to $264.00 in a research note on Wednesday. Truist Financial upped their price target on Tractor Supply from $237.00 to $273.00 and gave the company a buy rating in a report on Friday, January 27th. Argus boosted their target price on shares of Tractor Supply from $225.00 to $260.00 and gave the company a buy rating in a research note on Tuesday, February 28th. The Goldman Sachs Group raised their price target on Tractor Supply from $213.00 to $238.00 and gave the stock a buy rating in a research note on Monday, December 12th. Finally, Roth Capital reiterated a buy rating on shares of Tractor Supply in a research report on Wednesday, February 1st. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tractor Supply has a consensus rating of Moderate Buy and an average target price of $246.10.

Tractor Supply Trading Down 1.2 %

Shares of TSCO opened at $232.44 on Thursday. Tractor Supply has a twelve month low of $166.49 and a twelve month high of $241.54. The stock has a market cap of $25.58 billion, a PE ratio of 23.94, a P/E/G ratio of 2.26 and a beta of 0.83. The company has a quick ratio of 0.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $227.70 and its 200-day moving average price is $214.70.

Tractor Supply (NASDAQ:TSCO – Get Rating) last posted its earnings results on Thursday, January 26th. The specialty retailer reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.08. Tractor Supply had a net margin of 7.66% and a return on equity of 56.65%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.88 billion. During the same quarter in the prior year, the firm posted $1.93 EPS. Tractor Supply’s revenue was up 20.7% on a year-over-year basis. On average, equities analysts forecast that Tractor Supply will post 10.47 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 14th. Shareholders of record on Monday, February 27th were given a $1.03 dividend. The ex-dividend date was Friday, February 24th. This represents a $4.12 dividend on an annualized basis and a yield of 1.77%. This is an increase from Tractor Supply’s previous quarterly dividend of $0.92. Tractor Supply’s payout ratio is currently 42.43%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, EVP Melissa Kersey sold 1,700 shares of Tractor Supply stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $237.57, for a total value of $403,869.00. Following the sale, the executive vice president now owns 8,051 shares in the company, valued at $1,912,676.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Melissa Kersey sold 1,700 shares of the business’s stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $237.57, for a total transaction of $403,869.00. Following the completion of the transaction, the executive vice president now directly owns 8,051 shares of the company’s stock, valued at approximately $1,912,676.07. 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 2,001 shares of the business’s stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $237.01, for a total value of $474,257.01. Following the transaction, the senior vice president now directly owns 3,658 shares of the company’s stock, valued at $866,982.58. The disclosure for this sale can be found here. Insiders have sold 38,091 shares of company stock worth $8,840,560 over the last quarter. 0.70% of the stock is currently owned by company insiders.

Institutional Trading of Tractor Supply

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC acquired a new position in shares of Tractor Supply in the 4th quarter valued at $25,000. Compass Wealth Management LLC purchased a new stake in shares of Tractor Supply during the 4th quarter worth $25,000. Wagner Wealth Management LLC purchased a new stake in shares of Tractor Supply during the 2nd quarter worth $30,000. Romano Brothers AND Company purchased a new stake in shares of Tractor Supply during the 4th quarter worth $31,000. Finally, Guardian Wealth Advisors LLC purchased a new stake in shares of Tractor Supply during the 3rd quarter worth $34,000. Institutional investors and hedge funds own 84.13% of the company’s stock.

Tractor Supply Company Profile

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Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.