Shares of Tractor Supply (NASDAQ:TSCO) have received a consensus rating of “Buy” from the twenty-eight brokerages that are covering the stock, Marketbeat reports. Twelve analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $89.06.
A number of brokerages have issued reports on TSCO. JPMorgan Chase & Co. increased their price target on Tractor Supply from $78.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 24th. Telsey Advisory Group increased their price target on Tractor Supply from $77.00 to $85.00 and gave the stock a “market perform” rating in a research note on Friday, October 19th. BidaskClub lowered Tractor Supply from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 5th. Credit Suisse Group set a $85.00 price target on Tractor Supply and gave the stock a “hold” rating in a research note on Friday, October 26th. Finally, Oppenheimer increased their price target on Tractor Supply from $80.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 17th.
In other Tractor Supply news, COO Steve K. Barbarick sold 21,257 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $89.12, for a total transaction of $1,894,423.84. Following the completion of the transaction, the chief operating officer now owns 78,210 shares of the company’s stock, valued at approximately $6,970,075.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Chad Michael Frazell sold 19,818 shares of the stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $96.65, for a total transaction of $1,915,409.70. Following the transaction, the senior vice president now directly owns 28,961 shares of the company’s stock, valued at approximately $2,799,080.65. The disclosure for this sale can be found here. Insiders have sold a total of 86,605 shares of company stock valued at $8,041,912 in the last three months. Insiders own 1.60% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Columbia Asset Management bought a new position in shares of Tractor Supply in the 3rd quarter valued at about $120,000. Piedmont Investment Advisors LLC bought a new position in shares of Tractor Supply in the 2nd quarter valued at about $106,000. Stratos Wealth Partners LTD. bought a new position in shares of Tractor Supply in the 3rd quarter valued at about $142,000. Private Capital Group LLC lifted its holdings in shares of Tractor Supply by 66.1% in the 3rd quarter. Private Capital Group LLC now owns 1,648 shares of the specialty retailer’s stock valued at $149,000 after acquiring an additional 656 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of Tractor Supply in the 2nd quarter valued at about $130,000. 81.93% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:TSCO traded down $3.61 during midday trading on Thursday, hitting $89.38. The company had a trading volume of 55,322 shares, compared to its average volume of 1,344,070. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.99 and a quick ratio of 0.21. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22. Tractor Supply has a 12-month low of $58.27 and a 12-month high of $97.65.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, October 25th. The specialty retailer reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. Tractor Supply had a return on equity of 36.23% and a net margin of 6.54%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.82 billion. On average, equities research analysts expect that Tractor Supply will post 4.29 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 11th. Shareholders of record on Monday, November 26th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, November 23rd. Tractor Supply’s dividend payout ratio (DPR) is presently 37.24%.
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.
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