Tractor Supply (NASDAQ:TSCO) Price Target Increased to $270.00 by Analysts at Mizuho

Tractor Supply (NASDAQ:TSCO) had its target price increased by Mizuho from $250.00 to $270.00 in a report released on Friday morning, Benzinga reports. Mizuho currently has a neutral rating on the specialty retailer’s stock.

Several other brokerages have also recently issued reports on TSCO. Piper Sandler lifted their target price on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $335.00 target price on shares of Tractor Supply in a research report on Thursday. Wells Fargo & Company lifted their target price on Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Citigroup cut Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Loop Capital lifted their target price on Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply presently has an average rating of “Hold” and a consensus price target of $277.70.

Tractor Supply Stock Down 0.6 %

Tractor Supply stock traded down $1.52 during mid-day trading on Friday, reaching $272.77. The stock had a trading volume of 826,163 shares, compared to its average volume of 1,052,698. 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 has a fifty-two week low of $185.00 and a fifty-two week high of $307.64. The stock’s 50-day simple moving average is $282.24 and its 200-day simple moving average is $273.05. The firm has a market capitalization of $29.41 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 3.66 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.49 billion. On average, sell-side analysts forecast that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were paid a $1.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $4.40 annualized dividend and a dividend yield of 1.61%. Tractor Supply’s payout ratio is presently 42.84%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the sale, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $141,669.00. Following the sale, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of Tractor Supply

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC purchased a new position in Tractor Supply during the first quarter worth about $26,000. LRI Investments LLC purchased a new position in Tractor Supply during the first quarter worth about $28,000. J.Safra Asset Management Corp grew its position in Tractor Supply by 700.0% during the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after buying an additional 98 shares in the last quarter. Whittier Trust Co. grew its position in Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in Tractor Supply during the second quarter worth about $33,000. 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.