Tractor Supply (NASDAQ:TSCO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Tractor Supply (NASDAQ:TSCO) have been given an average rating of “Moderate Buy” by the twenty-four brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $254.17.

A number of brokerages have recently weighed in on TSCO. Morgan Stanley upped their price target on shares of Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a report on Friday, April 26th. Wedbush reaffirmed a “neutral” rating and set a $235.00 price target on shares of Tractor Supply in a report on Tuesday, April 23rd. Telsey Advisory Group upped their price target on shares of Tractor Supply from $280.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Wells Fargo & Company upped their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Finally, Barclays upped their price objective on shares of Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $270.00 on Friday. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $29.11 billion, a P/E ratio of 26.29, a P/E/G ratio of 3.47 and a beta of 0.83. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $290.38. The firm has a 50-day moving average price of $274.91 and a two-hundred day moving average price of $250.18.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the prior year, the firm posted $1.65 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts anticipate that Tractor Supply will post 10.34 earnings per share for the current year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Institutional Investors Weigh In On Tractor Supply

Several large investors have recently modified their holdings of TSCO. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply during the first quarter worth $26,000. Private Wealth Management Group LLC bought a new position in Tractor Supply during the fourth quarter worth $27,000. Pinnacle Bancorp Inc. bought a new position in Tractor Supply during the fourth quarter worth $28,000. Rise Advisors LLC boosted its stake in Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 66 shares in the last quarter. Finally, LRI Investments LLC bought a new position in Tractor Supply during the first quarter worth $28,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.