Tractor Supply (NASDAQ:TSCO) PT Raised to $295.00 at Wells Fargo & Company

Tractor Supply (NASDAQ:TSCO) had its target price boosted by Wells Fargo & Company from $285.00 to $295.00 in a report published on Monday, Benzinga reports. They currently have an overweight rating on the specialty retailer’s stock.

Several other equities research analysts have also recently issued reports on TSCO. Wedbush restated a neutral rating and set a $235.00 price objective on shares of Tractor Supply in a research report on Tuesday, April 23rd. Robert W. Baird raised their price target on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an outperform rating in a report on Friday, April 26th. Piper Sandler upped their price objective on Tractor Supply from $265.00 to $300.00 and gave the company an overweight rating in a report on Monday, April 29th. Benchmark reissued a buy rating and set a $256.00 target price on shares of Tractor Supply in a research note on Monday, April 22nd. Finally, Telsey Advisory Group restated an outperform rating and issued a $305.00 target price on shares of Tractor Supply in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $254.38.

Tractor Supply Trading Down 1.9 %

TSCO opened at $257.44 on Monday. The firm has a market capitalization of $27.75 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 3.52 and a beta of 0.81. The company’s 50 day simple moving average is $273.95 and its two-hundred day simple moving average is $256.96. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, missing analysts’ consensus estimates of $3.94 by ($0.01). The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.83 EPS. Analysts expect that Tractor Supply will post 10.33 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $4.40 annualized dividend and a yield of 1.71%. Tractor Supply’s payout ratio is 42.84%.

Institutional Investors Weigh In On Tractor Supply

Hedge funds have recently bought and sold shares of the stock. Signature Wealth Management Group raised its holdings in Tractor Supply by 0.5% in the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock valued at $1,890,000 after acquiring an additional 38 shares in the last quarter. Eads & Heald Wealth Management lifted its position in shares of Tractor Supply by 0.6% during the 2nd quarter. Eads & Heald Wealth Management now owns 7,040 shares of the specialty retailer’s stock worth $1,901,000 after purchasing an additional 42 shares during the last quarter. Brookstone Capital Management lifted its position in shares of Tractor Supply by 2.5% during the 2nd quarter. Brookstone Capital Management now owns 1,820 shares of the specialty retailer’s stock worth $507,000 after purchasing an additional 44 shares during the last quarter. Citizens National Bank Trust Department grew its stake in shares of Tractor Supply by 0.5% during the fourth quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock worth $2,086,000 after purchasing an additional 45 shares in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in Tractor Supply by 10.9% in the first quarter. Lindbrook Capital LLC now owns 459 shares of the specialty retailer’s stock valued at $120,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.