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

Shares of Tractor Supply (NASDAQ:TSCO) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-two ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $289.90.

Several brokerages recently weighed in on TSCO. Benchmark raised their price target on shares of Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Wedbush restated a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a research note on Friday, October 25th. Robert W. Baird set a $320.00 price objective on Tractor Supply in a research report on Thursday, October 17th. Gordon Haskett downgraded Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Finally, Barclays raised their price target on shares of Tractor Supply from $250.00 to $262.00 and gave the company an “equal weight” rating in a report on Monday, December 9th.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $265.19 on Friday. The company has a 50 day simple moving average of $282.60 and a two-hundred day simple moving average of $275.93. Tractor Supply has a fifty-two week low of $209.00 and a fifty-two week high of $307.64. The company has a market capitalization of $28.33 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 3.58 and a beta of 0.83. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48.

Shares of Tractor Supply are going to split on the morning of Friday, December 20th. The 5-1 split was announced on Thursday, December 5th. The newly minted shares will be issued to shareholders after the closing bell on Thursday, December 19th.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the sale, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 70.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.58% of the company’s stock.

Institutional Trading of Tractor Supply

Hedge funds have recently modified their holdings of the stock. Marshall Wace LLP lifted its holdings in Tractor Supply by 2,921.4% in the second quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock valued at $96,451,000 after acquiring an additional 345,402 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Tractor Supply by 29,058.6% in the 3rd quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock valued at $67,865,000 after purchasing an additional 232,469 shares during the period. Clearbridge Investments LLC boosted its holdings in Tractor Supply by 67.4% during the second quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock worth $109,002,000 after buying an additional 162,533 shares in the last quarter. Wellington Management Group LLP grew its holdings in Tractor Supply by 3.5% in the third quarter. Wellington Management Group LLP now owns 4,740,864 shares of the specialty retailer’s stock valued at $1,379,260,000 after purchasing an additional 161,503 shares during the period. Finally, Benjamin Edwards Inc. increased its position in shares of Tractor Supply by 1,501.1% in the third quarter. Benjamin Edwards Inc. now owns 171,050 shares of the specialty retailer’s stock valued at $49,773,000 after buying an additional 160,367 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

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.