Tractor Supply (NASDAQ:TSCO) had its price target upped by Oppenheimer from $90.00 to $100.00 in a report issued on Friday, The Fly reports. Oppenheimer currently has an outperform rating on the specialty retailer’s stock.
Several other equities research analysts have also recently issued reports on TSCO. BidaskClub raised shares of Tractor Supply from a hold rating to a buy rating in a research report on Saturday, June 23rd. ValuEngine raised shares of Tractor Supply from a hold rating to a buy rating in a research report on Wednesday, June 27th. Gordon Haskett began coverage on shares of Tractor Supply in a research report on Wednesday, June 20th. They issued an accumulate rating and a $86.00 target price on the stock. Zacks Investment Research raised shares of Tractor Supply from a hold rating to a buy rating and set a $88.00 target price on the stock in a research report on Tuesday, July 17th. Finally, Wedbush raised their target price on shares of Tractor Supply from $65.00 to $77.00 and gave the stock a neutral rating in a research report on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $81.60.
Tractor Supply stock opened at $87.69 on Friday. Tractor Supply has a 12-month low of $54.76 and a 12-month high of $91.92. The stock has a market cap of $10.80 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.65 and a beta of 1.43. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.19 and a current ratio of 1.92.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, July 26th. The specialty retailer reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.08. Tractor Supply had a net margin of 6.34% and a return on equity of 35.24%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the company earned $1.25 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. equities research analysts expect that Tractor Supply will post 4.19 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 11th. Shareholders of record on Monday, August 27th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, August 24th. This represents a $1.24 dividend on an annualized basis and a yield of 1.41%. Tractor Supply’s dividend payout ratio (DPR) is 37.24%.
In other Tractor Supply news, EVP Benjamin F. Parrish, Jr. sold 25,252 shares of Tractor Supply stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $89.62, for a total transaction of $2,263,084.24. Following the transaction, the executive vice president now directly owns 28,700 shares of the company’s stock, valued at $2,572,094. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Benjamin F. Parrish, Jr. sold 5,000 shares of Tractor Supply stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $78.44, for a total transaction of $392,200.00. Following the transaction, the executive vice president now directly owns 21,948 shares in the company, valued at $1,721,601.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 240,676 shares of company stock worth $21,239,177. 1.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Cleararc Capital Inc. purchased a new stake in shares of Tractor Supply during the second quarter valued at approximately $240,000. WINTON GROUP Ltd raised its stake in shares of Tractor Supply by 2,689.8% during the second quarter. WINTON GROUP Ltd now owns 120,633 shares of the specialty retailer’s stock valued at $9,227,000 after purchasing an additional 116,309 shares during the period. Global X Management Co LLC raised its stake in shares of Tractor Supply by 439.6% during the second quarter. Global X Management Co LLC now owns 4,274 shares of the specialty retailer’s stock valued at $327,000 after purchasing an additional 3,482 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Tractor Supply by 68.2% during the second quarter. Advisors Asset Management Inc. now owns 39,836 shares of the specialty retailer’s stock valued at $1,825,000 after purchasing an additional 16,157 shares during the period. Finally, CapWealth Advisors LLC purchased a new stake in shares of Tractor Supply during the second quarter valued at approximately $2,990,000. 81.71% of the stock is currently owned by hedge funds and other institutional investors.
About Tractor Supply
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
Further Reading: Should I follow buy, hold and sell recommendations?
Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.