Tractor Supply (NASDAQ:TSCO) Price Target Increased to $270.00 by Analysts at TD Cowen

Tractor Supply (NASDAQ:TSCO) had its price target lifted by TD Cowen from $250.00 to $270.00 in a report published on Friday, Benzinga reports. TD Cowen currently has a buy rating on the specialty retailer’s stock.

Several other equities analysts have also recently commented on the stock. Mizuho reissued a neutral rating and issued a $250.00 price target (up previously from $245.00) on shares of Tractor Supply in a research report on Friday. Robert W. Baird lifted their price objective on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an outperform rating in a research report on Friday. Guggenheim lifted their price objective on shares of Tractor Supply from $210.00 to $255.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Wedbush reaffirmed a neutral rating and set a $235.00 price objective on shares of Tractor Supply in a research report on Tuesday, April 23rd. Finally, Morgan Stanley lifted their price objective on shares of Tractor Supply from $195.00 to $235.00 and gave the stock an underweight rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Tractor Supply has an average rating of Hold and an average price target of $250.00.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $277.88 on Friday. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $278.16. The stock has a market capitalization of $29.99 billion, a PE ratio of 27.06, a P/E/G ratio of 3.47 and a beta of 0.84. The firm has a 50 day moving average of $253.27 and a two-hundred day moving average of $227.47.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, beating the consensus estimate of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter last year, the company posted $1.65 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, research analysts predict that Tractor Supply will post 10.26 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 dividend on an annualized basis and a yield of 1.58%. Tractor Supply’s payout ratio is currently 42.84%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 725 shares of Tractor Supply stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $238.09, for a total value of $172,615.25. Following the transaction, the senior vice president now directly owns 5,710 shares in the company, valued at $1,359,493.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the transaction, the chief financial officer now directly owns 20,678 shares in the company, valued at $5,314,246. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Matthew L. Rubin sold 725 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $238.09, for a total transaction of $172,615.25. Following the transaction, the senior vice president now owns 5,710 shares in the company, valued at $1,359,493.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,090 shares of company stock worth $21,201,877. 0.58% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. WCM Investment Management LLC acquired a new position in shares of Tractor Supply during the fourth quarter worth about $782,000. LPL Financial LLC increased its stake in shares of Tractor Supply by 4.6% during the third quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock worth $23,122,000 after acquiring an additional 5,014 shares during the period. Impax Asset Management Group plc increased its stake in shares of Tractor Supply by 2,120.1% during the fourth quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer’s stock worth $26,194,000 after acquiring an additional 116,330 shares during the period. Simon Quick Advisors LLC increased its stake in shares of Tractor Supply by 21.1% during the third quarter. Simon Quick Advisors LLC now owns 1,551 shares of the specialty retailer’s stock worth $315,000 after acquiring an additional 270 shares during the period. Finally, International Assets Investment Management LLC grew its position in Tractor Supply by 32,987.5% during the fourth quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock worth $58,128,000 after buying an additional 269,508 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

About Tractor Supply

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.