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

Tractor Supply Company (NASDAQ:TSCO) has received an average rating of “Moderate Buy” from the twenty-two research firms that are currently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $62.85.

TSCO has been the subject of several research reports. Telsey Advisory Group restated 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 upgraded Tractor Supply from a “hold” rating to an “outperform” rating and lifted their price target for the stock from $60.00 to $65.00 in a report on Wednesday, November 5th. Jefferies Financial Group raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Tractor Supply in a research note on Monday, December 29th. Finally, Gordon Haskett downgraded Tractor Supply from an “accumulate” rating to a “hold” rating and decreased their price objective for the company from $57.00 to $50.00 in a report on Thursday, January 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TSCO. Delos Wealth Advisors LLC bought a new position in shares of Tractor Supply in the 2nd quarter worth approximately $26,000. Aventura Private Wealth LLC bought a new position in Tractor Supply in the fourth quarter worth about $27,000. JPL Wealth Management LLC purchased a new position in shares of Tractor Supply in the 3rd quarter valued at approximately $28,000. Opal Wealth Advisors LLC acquired a new stake in Tractor Supply during the 2nd quarter worth about $35,000. Finally, Financial Gravity Companies Inc. acquired a new stake in Tractor Supply in the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Price Performance

TSCO stock opened at $51.01 on Friday. The business’s 50-day moving average is $52.56 and its two-hundred day moving average is $55.90. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14. The firm has a market capitalization of $26.95 billion, a P/E ratio of 24.52, a P/E/G ratio of 2.38 and a beta of 0.74. Tractor Supply has a 1 year low of $46.85 and a 1 year high of $63.99.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results 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. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. The firm’s 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. Analysts anticipate that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

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