Tractor Supply (NASDAQ:TSCO) Receives $58.25 Consensus Target Price from Analysts

Tractor Supply (NASDAQ:TSCO) has been given a consensus recommendation of “Moderate Buy” by the twenty-two analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, thirteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $58.25.

Several brokerages recently weighed in on TSCO. Citigroup lowered shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Loop Capital increased their price objective on shares of Tractor Supply from $53.00 to $58.00 and gave the company a “hold” rating in a report on Thursday, December 12th. Wedbush restated a “neutral” rating and issued a $54.00 price objective on shares of Tractor Supply in a report on Friday, October 25th. Barclays cut their target price on shares of Tractor Supply from $262.00 to $52.00 and set an “equal weight” rating on the stock in a report on Monday, December 30th. Finally, Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a report on Friday, November 15th.

Tractor Supply Trading Down 2.5 %

Shares of NASDAQ TSCO opened at $53.18 on Wednesday. The company’s 50 day simple moving average is $55.32 and its 200 day simple moving average is $55.00. Tractor Supply has a fifty-two week low of $44.16 and a fifty-two week high of $61.53. The firm has a market capitalization of $28.41 billion, a P/E ratio of 5.17, a P/E/G ratio of 3.58 and a beta of 0.84. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17.

Tractor Supply Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is currently 42.72%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC grew its position in Tractor Supply by 400.0% in the fourth quarter. Future Financial Wealth Managment LLC now owns 500 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 400 shares in the last quarter. First Personal Financial Services bought a new position in Tractor Supply in the third quarter valued at $29,000. Peoples Bank KS grew its position in Tractor Supply by 400.0% in the fourth quarter. Peoples Bank KS now owns 570 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 456 shares in the last quarter. Providence Capital Advisors LLC bought a new position in Tractor Supply in the third quarter valued at $32,000. Finally, ST Germain D J Co. Inc. grew its position in Tractor Supply by 392.3% in the fourth quarter. ST Germain D J Co. Inc. now owns 640 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 510 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

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.