Tractor Supply (NASDAQ:TSCO) PT Raised to $295.00 at Evercore ISI

Tractor Supply (NASDAQ:TSCOFree Report) had its target price boosted by Evercore ISI from $290.00 to $295.00 in a research note published on Thursday, Benzinga reports. Evercore ISI currently has an outperform rating on the specialty retailer’s stock.

A number of other brokerages have also recently issued reports on TSCO. Telsey Advisory Group boosted their target price on Tractor Supply from $280.00 to $305.00 and gave the stock an outperform rating in a report on Wednesday, May 1st. Robert W. Baird boosted their target price on Tractor Supply from $260.00 to $285.00 and gave the stock an outperform rating in a report on Friday, April 26th. Morgan Stanley boosted their target price on Tractor Supply from $195.00 to $235.00 and gave the stock an underweight rating in a report on Friday, April 26th. Wedbush reiterated a neutral rating and set a $235.00 target price on shares of Tractor Supply in a report on Tuesday, April 23rd. Finally, TD Cowen boosted their target price on Tractor Supply from $250.00 to $270.00 and gave the stock a buy rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Tractor Supply currently has an average rating of Hold and an average target price of $254.17.

Check Out Our Latest Stock Report on TSCO

Tractor Supply Trading Up 0.5 %

Tractor Supply stock opened at $281.56 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. The stock has a market cap of $30.35 billion, a PE ratio of 27.42, a P/E/G ratio of 3.65 and a beta of 0.83. The stock has a 50-day moving average price of $272.67 and a 200 day moving average price of $248.71. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $290.38.

Tractor Supply (NASDAQ:TSCOGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, beating the consensus estimate of $1.70 by $0.13. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.65 EPS. Equities research analysts predict that Tractor Supply will post 10.34 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Friday, May 24th. Tractor Supply’s payout ratio is 42.84%.

Hedge Funds Weigh In On Tractor Supply

Large investors have recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new position in Tractor Supply during the first quarter worth $26,000. LRI Investments LLC acquired a new stake in Tractor Supply in the first quarter worth $28,000. Rise Advisors LLC increased its position in Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after buying an additional 66 shares during the period. J.Safra Asset Management Corp increased its position in Tractor Supply by 700.0% in the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after buying an additional 98 shares during the period. Finally, Private Wealth Management Group LLC acquired a new stake in Tractor Supply in the fourth quarter worth $27,000. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Company Profile

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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.

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Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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