Tractor Supply Company (NASDAQ:TSCO) Receives Average Rating of “Moderate Buy” from Brokerages

by · The Cerbat Gem

Tractor Supply Company (NASDAQ:TSCO – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $63.95.

Several equities research analysts have recently weighed in on the company. DA Davidson set a $70.00 price objective on Tractor Supply in a research report on Friday, October 24th. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 price target on shares of Tractor Supply in a report on Thursday, October 23rd. Robert W. Baird raised their price target on shares of Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Jefferies Financial Group raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Tractor Supply in a research report on Monday, December 22nd.

Check Out Our Latest Analysis on Tractor Supply

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc increased its holdings in Tractor Supply by 8.9% in the 3rd quarter. IFP Advisors Inc now owns 5,981 shares of the specialty retailer’s stock valued at $340,000 after buying an additional 489 shares during the period. Swiss Life Asset Management Ltd boosted its position in shares of Tractor Supply by 21.5% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 145,157 shares of the specialty retailer’s stock valued at $8,255,000 after acquiring an additional 25,702 shares in the last quarter. Groupama Asset Managment acquired a new stake in shares of Tractor Supply during the 3rd quarter valued at about $585,000. Trust Investment Advisors increased its stake in Tractor Supply by 1.2% in the third quarter. Trust Investment Advisors now owns 30,488 shares of the specialty retailer’s stock valued at $1,734,000 after acquiring an additional 351 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new position in Tractor Supply in the third quarter worth about $4,159,000. 98.72% of the stock is owned by institutional investors.

Tractor Supply Trading Down 0.5%

Shares of NASDAQ:TSCO opened at $51.39 on Wednesday. The company has a market cap of $27.15 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.65 and a beta of 0.72. The stock’s 50-day moving average is $53.73 and its 200-day moving average is $56.11. Tractor Supply has a 52-week low of $46.85 and a 52-week high of $63.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30.

Tractor Supply (NASDAQ:TSCO – Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Equities research analysts predict that Tractor Supply will post 2.17 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were given a dividend of $0.23 per share. The ex-dividend date was Monday, November 24th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.8%. Tractor Supply’s payout ratio is currently 44.23%.

Tractor Supply Company Profile

(Get Free Report)

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.

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