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

Shares of Tractor Supply Company (NASDAQ:TSCO) have earned an average rating of “Moderate Buy” from the twenty-two research firms that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $63.95.

Several research firms recently weighed in on TSCO. Mizuho lifted their target price on Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Tractor Supply in a research report on Thursday, October 23rd. Evercore ISI raised shares of Tractor Supply from a “hold” rating to an “outperform” rating and increased their target price for the stock from $60.00 to $65.00 in a report on Wednesday, November 5th. Jefferies Financial Group upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Finally, Wolfe Research initiated coverage on shares of Tractor Supply in a research report on Thursday, September 18th. They issued an “outperform” rating and a $70.00 price target for the company.

Hedge Funds Weigh In On Tractor Supply

Several large investors have recently made changes to their positions in TSCO. Vanguard Group Inc. grew its position in shares of Tractor Supply by 1.6% during the second quarter. Vanguard Group Inc. now owns 67,679,109 shares of the specialty retailer’s stock worth $3,571,427,000 after purchasing an additional 1,047,687 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Tractor Supply by 1.6% in the 3rd quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock worth $1,474,736,000 after purchasing an additional 420,731 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Tractor Supply by 10.8% in the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock worth $1,359,036,000 after purchasing an additional 2,408,373 shares during the period. State Street Corp grew its holdings in Tractor Supply by 0.7% during the 2nd quarter. State Street Corp now owns 23,002,120 shares of the specialty retailer’s stock valued at $1,213,822,000 after buying an additional 150,392 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Tractor Supply by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 15,367,775 shares of the specialty retailer’s stock valued at $808,341,000 after buying an additional 316,595 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Price Performance

NASDAQ TSCO opened at $51.08 on Wednesday. The company has a 50-day moving average price of $53.96 and a 200-day moving average price of $56.10. Tractor Supply has a 52 week low of $46.85 and a 52 week high of $63.99. The company has a quick ratio of 0.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $26.99 billion, a P/E ratio of 24.56, a PEG ratio of 2.67 and a beta of 0.72.

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

Tractor Supply Announces Dividend

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

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.