Tractor Supply’s (TSCO) Buy Rating Reaffirmed at Benchmark

Benchmark reaffirmed their buy rating on shares of Tractor Supply (NASDAQ:TSCO) in a research report released on Friday, Benzinga reports. The firm currently has a $280.00 target price on the specialty retailer’s stock.

A number of other research analysts have also weighed in on the stock. Piper Sandler boosted their target price on shares of Tractor Supply from $265.00 to $300.00 and gave the stock an overweight rating in a research report on Monday, April 29th. JPMorgan Chase & Co. boosted their target price on shares of Tractor Supply from $241.00 to $263.00 and gave the stock a neutral rating in a research report on Friday, May 3rd. Wedbush reissued a neutral rating and set a $270.00 target price on shares of Tractor Supply in a research report on Friday. Barclays boosted their target price on shares of Tractor Supply from $234.00 to $240.00 and gave the stock an equal weight rating in a research report on Friday, April 26th. Finally, Telsey Advisory Group reissued an outperform rating and set a $305.00 target price on shares of Tractor Supply in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $256.58.

Tractor Supply Trading Up 1.0 %

Shares of NASDAQ:TSCO opened at $265.08 on Friday. The stock has a market capitalization of $28.58 billion, a PE ratio of 25.81, a P/E/G ratio of 3.43 and a beta of 0.81. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $290.38. The firm has a fifty day moving average price of $273.11 and a 200 day moving average price of $258.06. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.93. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. Tractor Supply’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.83 earnings per share. Analysts expect that Tractor Supply will post 10.29 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.66%. The ex-dividend date was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.84%.

Institutional Trading of Tractor Supply

Several large investors have recently added to or reduced their stakes in the company. Signature Wealth Management Group grew its stake in Tractor Supply by 0.5% during the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock worth $1,890,000 after buying an additional 38 shares during the last quarter. Eads & Heald Wealth Management grew its stake in Tractor Supply by 0.6% during the second quarter. Eads & Heald Wealth Management now owns 7,040 shares of the specialty retailer’s stock worth $1,901,000 after buying an additional 42 shares during the last quarter. Whittier Trust Co. grew its stake in Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Brookstone Capital Management grew its stake in Tractor Supply by 2.5% during the second quarter. Brookstone Capital Management now owns 1,820 shares of the specialty retailer’s stock worth $507,000 after buying an additional 44 shares during the last quarter. Finally, Citizens National Bank Trust Department grew its stake in Tractor Supply by 0.5% during the fourth quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock worth $2,086,000 after buying an additional 45 shares during the last quarter. 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.