Shares of Tractor Supply (NASDAQ:TSCO - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty-two ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $58.25.
A number of brokerages have recently weighed in on TSCO. Raymond James upped their target price on Tractor Supply from $57.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Evercore ISI upgraded shares of Tractor Supply from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 15th. JPMorgan Chase & Co. lifted their target price on shares of Tractor Supply from $52.00 to $58.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Robert W. Baird set a $64.00 price objective on Tractor Supply in a report on Thursday, October 17th. Finally, UBS Group lifted their price objective on Tractor Supply from $54.40 to $56.00 and gave the company a "neutral" rating in a research report on Friday, October 25th.
Check Out Our Latest Analysis on TSCO
Tractor Supply Stock Up 1.0 %
NASDAQ:TSCO traded up $0.52 during trading hours on Wednesday, hitting $54.39. 4,148,388 shares of the company's stock traded hands, compared to its average volume of 4,993,858. The stock's fifty day moving average price is $55.25 and its two-hundred day moving average price is $54.98. The firm has a market cap of $29.05 billion, a P/E ratio of 5.29, 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 quick ratio of 0.17 and a current ratio of 1.48. Tractor Supply has a twelve month low of $43.83 and a twelve month high of $61.53.
Tractor Supply Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Monday, November 25th. Tractor Supply's dividend payout ratio (DPR) is currently 42.72%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of TSCO. Future Financial Wealth Managment LLC acquired a new stake in Tractor Supply during the third quarter worth about $29,000. First Personal Financial Services acquired a new stake in shares of Tractor Supply during the 3rd quarter worth approximately $29,000. Peoples Bank KS grew its holdings in shares of Tractor Supply by 400.0% during the 4th quarter. Peoples Bank KS now owns 570 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 456 shares in the last quarter. Providence Capital Advisors LLC bought a new stake in shares of Tractor Supply during the third quarter valued at approximately $32,000. Finally, DT Investment Partners LLC raised its stake in shares of Tractor Supply by 120.0% in the third quarter. DT Investment Partners LLC now owns 132 shares of the specialty retailer's stock valued at $38,000 after purchasing an additional 72 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.
About Tractor Supply
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Get Free ReportTractor 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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