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

Shares of Tractor Supply Company (NASDAQ:TSCO) have received a consensus recommendation of “Moderate Buy” from the twenty-two ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $63.95.

A number of equities analysts recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Jefferies Financial Group raised Tractor Supply from a “hold” rating to a “buy” rating in a research report on Monday. Evercore ISI raised Tractor Supply from a “hold” rating to an “outperform” rating and boosted their price objective for the company from $60.00 to $65.00 in a research note on Wednesday, November 5th. Morgan Stanley upgraded Tractor Supply from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $50.00 to $60.00 in a research report on Friday, October 24th. Finally, Wolfe Research initiated coverage on Tractor Supply in a report on Thursday, September 18th. They issued an “outperform” rating and a $70.00 target price for the company.

Hedge Funds Weigh In On Tractor Supply

Institutional investors have recently made changes to their positions in the stock. APG Asset Management N.V. raised its holdings in shares of Tractor Supply by 33.3% in the 1st quarter. APG Asset Management N.V. now owns 475,484 shares of the specialty retailer’s stock worth $24,254,000 after acquiring an additional 118,884 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Tractor Supply by 19.4% during the 1st quarter. Ameriprise Financial Inc. now owns 2,064,224 shares of the specialty retailer’s stock valued at $113,745,000 after purchasing an additional 335,563 shares during the last quarter. Bahl & Gaynor Inc. increased its holdings in Tractor Supply by 31.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 177,636 shares of the specialty retailer’s stock worth $9,788,000 after purchasing an additional 41,989 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Tractor Supply by 2.9% in the first quarter. Royal Bank of Canada now owns 1,855,836 shares of the specialty retailer’s stock worth $102,256,000 after purchasing an additional 53,035 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Tractor Supply by 6.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 130,035 shares of the specialty retailer’s stock worth $6,862,000 after purchasing an additional 7,871 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $54.78 on Friday. The business’s 50 day simple moving average is $55.01 and its 200 day simple moving average is $55.74. Tractor Supply has a one year low of $46.85 and a one year high of $63.99. The stock has a market capitalization of $28.95 billion, a PE ratio of 26.34, a PEG ratio of 2.82 and a beta of 0.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14.

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

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, November 24th. Tractor Supply’s payout ratio is presently 44.23%.

Tractor Supply Company Profile

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.