Tractor Supply (NASDAQ:TSCO) Price Target Raised to $262.00

by · The Markets Daily

Tractor Supply (NASDAQ:TSCO – Free Report) had its price objective increased by Barclays from $250.00 to $262.00 in a report published on Monday,Benzinga reports. They currently have an equal weight rating on the specialty retailer’s stock.

A number of other research firms also recently weighed in on TSCO. DA Davidson boosted their target price on Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company cut their target price on shares of Tractor Supply from $325.00 to $320.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. Raymond James boosted their price target on shares of Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Gordon Haskett cut shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Finally, Piper Sandler upped their target price on shares of Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Tractor Supply has a consensus rating of “Moderate Buy” and an average target price of $283.14.

View Our Latest Research Report on Tractor Supply

Tractor Supply Stock Up 0.3 %

Shares of NASDAQ TSCO opened at $285.49 on Monday. Tractor Supply has a 52-week low of $209.00 and a 52-week high of $307.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The business has a fifty day moving average of $284.55 and a two-hundred day moving average of $276.09. The stock has a market cap of $30.50 billion, a PE ratio of 27.77, a PEG ratio of 3.54 and a beta of 0.83.

Tractor Supply shares are set to split before the market opens on Friday, December 20th. The 5-1 split was announced on Thursday, December 5th. The newly issued shares will be distributed to shareholders after the closing bell on Thursday, December 19th.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.54%. Tractor Supply’s dividend payout ratio is 42.80%.

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 value of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Tractor Supply

A number of institutional investors have recently bought and sold shares of the business. CWM LLC boosted its holdings in shares of Tractor Supply by 3.1% during the second quarter. CWM LLC now owns 2,554 shares of the specialty retailer’s stock worth $689,000 after acquiring an additional 76 shares during the period. Wedmont Private Capital lifted its position in Tractor Supply by 22.2% during the second quarter. Wedmont Private Capital now owns 1,600 shares of the specialty retailer’s stock worth $434,000 after purchasing an additional 291 shares during the period. Burke & Herbert Bank & Trust Co. acquired a new stake in shares of Tractor Supply during the 2nd quarter worth approximately $271,000. Great Valley Advisor Group Inc. boosted its holdings in shares of Tractor Supply by 2.7% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,773 shares of the specialty retailer’s stock valued at $479,000 after purchasing an additional 46 shares in the last quarter. Finally, TRUE Private Wealth Advisors raised its stake in Tractor Supply by 4.4% during the second quarter. TRUE Private Wealth Advisors now owns 1,772 shares of the specialty retailer’s stock worth $478,000 after acquiring an additional 74 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Company Profile

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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.

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