Tractor Supply (NASDAQ:TSCO) Given New $53.00 Price Target at Bank of America

Tractor Supply (NASDAQ:TSCO) had its price target hoisted by Bank of America from $44.00 to $53.00 in a research note issued to investors on Thursday morning,Benzinga reports. Bank of America currently has an underperform rating on the specialty retailer’s stock.

Several other equities analysts have also recently commented on the stock. Benchmark lifted their target price on shares of Tractor Supply from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Evercore ISI raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. DA Davidson upped their price objective on Tractor Supply from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, October 25th. UBS Group lifted their target price on Tractor Supply from $54.40 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $67.00 price target on shares of Tractor Supply in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $58.01.

Tractor Supply Trading Up 0.8 %

NASDAQ TSCO opened at $53.53 on Thursday. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $28.60 billion, a P/E ratio of 26.04, a PEG ratio of 3.09 and a beta of 0.84. The business has a fifty day simple moving average of $55.19 and a 200 day simple moving average of $54.98. Tractor Supply has a 12 month low of $44.16 and a 12 month high of $61.53.

Tractor Supply Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC boosted its stake in Tractor Supply by 400.0% during the fourth quarter. Future Financial Wealth Managment LLC now owns 500 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 400 shares during the period. First Personal Financial Services bought a new stake in shares of Tractor Supply during the 3rd quarter valued at about $29,000. Harbor Investment Advisory LLC boosted its position in shares of Tractor Supply by 400.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 555 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 444 shares during the last quarter. Peoples Bank KS increased its position in shares of Tractor Supply by 400.0% in the fourth quarter. Peoples Bank KS now owns 570 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 456 shares during the last quarter. Finally, Providence Capital Advisors LLC purchased a new stake in Tractor Supply in the third quarter valued at approximately $32,000. 98.72% of the stock is 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.