Tractor Supply (NASDAQ:TSCO) Upgraded at Wall Street Zen
by Renee Jackson · The Cerbat Gem
Wall Street Zen upgraded shares of Tractor Supply (NASDAQ:TSCO – Free Report) from a sell rating to a hold rating in a research note published on Saturday morning.
TSCO has been the topic of several other research reports. Jefferies Financial Group restated a “buy” rating and set a $51.00 price objective on shares of Tractor Supply in a report on Tuesday, April 21st. Mizuho dropped their price objective on shares of Tractor Supply from $58.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Tractor Supply from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Wells Fargo & Company dropped their price objective on shares of Tractor Supply from $55.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, UBS Group dropped their price objective on shares of Tractor Supply from $55.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Fifteen investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $47.96.
Read Our Latest Stock Report on TSCO
Tractor Supply Stock Performance
NASDAQ:TSCO opened at $35.68 on Friday. The firm’s 50-day moving average is $46.84 and its 200-day moving average is $51.05. Tractor Supply has a 52-week low of $35.51 and a 52-week high of $63.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. The company has a market cap of $18.77 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 2.09 and a beta of 0.75.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Equities research analysts anticipate that Tractor Supply will post 2.16 earnings per share for the current year.
Tractor Supply Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were given a dividend of $0.24 per share. This is an increase from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, February 24th. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. Tractor Supply’s dividend payout ratio (DPR) is presently 47.06%.
Insider Buying and Selling at Tractor Supply
In other news, EVP Robert D. Mills sold 62,950 shares of Tractor Supply stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $54.12, for a total transaction of $3,406,854.00. Following the sale, the executive vice president directly owned 122,834 shares in the company, valued at approximately $6,647,776.08. The trade was a 33.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan S. Estep sold 59,745 shares of Tractor Supply stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $54.03, for a total transaction of $3,228,022.35. Following the sale, the executive vice president owned 80,931 shares in the company, valued at approximately $4,372,701.93. This trade represents a 42.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 222,348 shares of company stock worth $11,959,621 in the last 90 days. 0.64% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Tractor Supply
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSCO. Garner Asset Management Corp acquired a new position in Tractor Supply in the fourth quarter valued at about $25,000. Reflection Asset Management acquired a new position in Tractor Supply in the fourth quarter valued at about $26,000. Aventura Private Wealth LLC acquired a new position in Tractor Supply in the fourth quarter valued at about $27,000. Core Wealth Advisors LLC acquired a new position in Tractor Supply in the fourth quarter valued at about $27,000. Finally, Bayban acquired a new position in Tractor Supply in the fourth quarter valued at about $28,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.
About Tractor Supply
Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.
Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.