Telsey Advisory Group Raises Tractor Supply (NASDAQ:TSCO) Price Target to $335.00

Tractor Supply (NASDAQ:TSCO - Free Report) had its price objective increased by Telsey Advisory Group from $300.00 to $335.00 in a report released on Thursday morning, MarketBeat Ratings reports. They currently have an outperform rating on the specialty retailer's stock.

Several other research firms have also recently issued reports on TSCO. Benchmark reaffirmed a "buy" rating and set a $280.00 price objective on shares of Tractor Supply in a research report on Monday, September 30th. Truist Financial upped their price target on Tractor Supply from $293.00 to $325.00 and gave the company a "buy" rating in a report on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Tractor Supply from $260.00 to $290.00 and gave the stock a "neutral" rating in a research report on Wednesday. Citigroup upgraded shares of Tractor Supply from a "hold" rating to a "strong-buy" rating in a report on Friday, October 4th. Finally, UBS Group upgraded Tractor Supply from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $270.91.

Tractor Supply Stock Down 1.5 %

Shares of NASDAQ TSCO traded down $4.48 during midday trading on Thursday, hitting $298.32. The company's stock had a trading volume of 769,829 shares, compared to its average volume of 1,048,538. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $307.64. The firm has a market capitalization of $32.18 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 3.81 and a beta of 0.80. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. The business's fifty day simple moving average is $278.47 and its two-hundred day simple moving average is $271.47.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, meeting analysts' consensus estimates of $3.93. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The company's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.83 EPS. On average, equities analysts predict that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply's dividend payout ratio (DPR) is 42.43%.

Insider Activity at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the transaction, the chief financial officer now owns 9,683 shares of the company's stock, valued at $2,862,682.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Matthew L. Rubin sold 540 shares of the business's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares of the company's stock, valued at $1,356,349.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kurt D. Barton sold 23,532 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the transaction, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.58% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TSCO. HighPoint Advisor Group LLC acquired a new stake in Tractor Supply in the fourth quarter valued at approximately $510,000. Nomura Holdings Inc. acquired a new stake in shares of Tractor Supply during the fourth quarter worth approximately $468,000. GAMMA Investing LLC raised its holdings in Tractor Supply by 42.4% in the first quarter. GAMMA Investing LLC now owns 1,158 shares of the specialty retailer's stock valued at $303,000 after acquiring an additional 345 shares in the last quarter. Rise Advisors LLC boosted its stake in Tractor Supply by 157.1% during the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer's stock valued at $28,000 after acquiring an additional 66 shares during the last quarter. Finally, Czech National Bank grew its holdings in Tractor Supply by 0.5% during the 1st quarter. Czech National Bank now owns 19,022 shares of the specialty retailer's stock worth $4,978,000 after acquiring an additional 86 shares in the last quarter. Hedge funds and other 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.