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

Tractor Supply (NASDAQ:TSCO) has earned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $289.90.

TSCO has been the subject of several research reports. Telsey Advisory Group reissued an “outperform” rating and set a $335.00 price target on shares of Tractor Supply in a report on Friday, December 6th. Wells Fargo & Company dropped their target price on Tractor Supply from $325.00 to $320.00 and set an “overweight” rating for the company in a report on Monday, November 25th. DA Davidson upped their price target on shares of Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Robert W. Baird set a $320.00 price objective on shares of Tractor Supply in a research note on Thursday, October 17th. Finally, Wedbush restated a “neutral” rating and set a $270.00 target price on shares of Tractor Supply in a research report on Friday, October 25th.

Insider Activity

In other news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.58% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tractor Supply

Several institutional investors and hedge funds have recently made changes to their positions in TSCO. Future Financial Wealth Managment LLC purchased a new stake in shares of Tractor Supply during the third quarter worth about $29,000. First Personal Financial Services purchased a new position in shares of Tractor Supply during the third quarter valued at approximately $29,000. Whittier Trust Co. raised its holdings in shares of Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Providence Capital Advisors LLC bought a new stake in Tractor Supply in the third quarter valued at $32,000. Finally, OFI Invest Asset Management purchased a new position in Tractor Supply during the 2nd quarter valued at $33,000. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Down 3.6 %

Shares of Tractor Supply stock opened at $265.19 on Friday. The stock has a market cap of $28.33 billion, a P/E ratio of 25.80, a P/E/G ratio of 3.58 and a beta of 0.83. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. Tractor Supply has a 12-month low of $209.00 and a 12-month high of $307.64. The business’s 50 day moving average is $282.60 and its 200-day moving average is $275.93.

Tractor Supply’s stock is set to split before the market opens on Friday, December 20th. The 5-1 split was announced on Thursday, December 5th. The newly minted shares will be distributed to shareholders after the market closes on Thursday, December 19th.

Tractor Supply Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

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.