Tractor Supply (NASDAQ:TSCO) Receives $284.50 Average PT from Analysts

Tractor Supply (NASDAQ:TSCO) has received a consensus recommendation of “Moderate Buy” from the twenty-two analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $57.98.

Several research analysts have recently commented on TSCO shares. UBS Group raised their price objective on Tractor Supply from $54.40 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Truist Financial reduced their target price on shares of Tractor Supply from $65.00 to $63.40 and set a “buy” rating for the company in a report on Friday, October 25th. Barclays lifted their price target on shares of Tractor Supply from $50.00 to $52.40 and gave the company an “equal weight” rating in a report on Monday, December 9th. Mizuho increased their price objective on shares of Tractor Supply from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Benchmark lifted their target price on shares of Tractor Supply from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, October 28th.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 117,660 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $59.13, for a total transaction of $6,957,000.48. Following the sale, the chief financial officer now directly owns 48,415 shares of the company’s stock, valued at $2,862,682.12. The trade was a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.58% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tractor Supply

A number of institutional investors and hedge funds have recently modified their holdings of TSCO. Assenagon Asset Management S.A. increased its position in Tractor Supply by 527.7% during the second quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock valued at $7,155,000 after acquiring an additional 22,279 shares during the last quarter. Blue Trust Inc. grew its holdings in Tractor Supply by 194.8% during the 2nd quarter. Blue Trust Inc. now owns 569 shares of the specialty retailer’s stock valued at $149,000 after purchasing an additional 376 shares during the last quarter. Brookstone Capital Management grew its holdings in Tractor Supply by 2.5% during the 2nd quarter. Brookstone Capital Management now owns 1,820 shares of the specialty retailer’s stock valued at $507,000 after purchasing an additional 44 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Tractor Supply in the 2nd quarter worth about $33,000. Finally, Chesley Taft & Associates LLC boosted its position in shares of Tractor Supply by 0.3% during the second quarter. Chesley Taft & Associates LLC now owns 23,369 shares of the specialty retailer’s stock valued at $6,310,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Up 2.1 %

NASDAQ:TSCO opened at $53.92 on Friday. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 5.25, a price-to-earnings-growth ratio of 3.58 and a beta of 0.83. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. The business has a fifty day moving average price of $56.39 and a 200-day moving average price of $55.17. Tractor Supply has a one year low of $41.80 and a one year high of $61.53.

Tractor Supply Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Monday, November 25th. Tractor Supply’s dividend payout ratio is presently 42.80%.

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.