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


Shares of Tractor Supply (NASDAQ:TSCO – Get Rating) have been assigned an average rating of “Buy” from the twenty-four ratings firms that are presently covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $231.04.

Several research firms recently commented on TSCO. StockNews.com began coverage on shares of Tractor Supply in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $235.00 price target for the company in a research report on Wednesday, January 19th. Wells Fargo & Company increased their price target on shares of Tractor Supply from $230.00 to $265.00 in a research report on Wednesday, January 5th. Morgan Stanley increased their price target on shares of Tractor Supply from $215.00 to $235.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 18th. Finally, Trust Financial started coverage on shares of Tractor Supply in a research report on Thursday, January 13th. They set a “buy” rating and a $270.00 price target for the company.

In other Tractor Supply news, EVP Colin Yankee sold 2,323 shares of the firm’s stock in a transaction dated Thursday, February 3rd. The shares were sold at an average price of $219.42, for a total transaction of $509,712.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Harry A. Lawton III sold 20,049 shares of the firm’s stock in a transaction dated Thursday, February 10th. The shares were sold at an average price of $222.35, for a total transaction of $4,457,895.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,031 shares of company stock valued at $6,416,873. 0.23% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in TSCO. BlackRock Inc. boosted its holdings in shares of Tractor Supply by 3.1% in the third quarter. BlackRock Inc. Now owns 11,093,754 shares of the specialty retailer’s stock worth $2,247,707,000 after buying an additional 331,051 shares during the last quarter. State Street Corp boosted its holdings in shares of Tractor Supply by 3.5% in the fourth quarter. State Street Corp now owns 4,982,370 shares of the specialty retailer’s stock worth $1,188,793,000 after buying an additional 170,276 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Tractor Supply by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 2,159,527 shares of the specialty retailer’s stock valued at $514,039,000 after purchasing an additional 58,409 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Tractor Supply by 149.1% during the third quarter. UBS Asset Management Americas Inc. Now owns 2,113,836 shares of the specialty retailer’s stock valued at $428,284,000 after purchasing an additional 1,265,148 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Tractor Supply by 0.4% during the second quarter. Bank of America Corp. DE now owns 1,789,715 shares of the specialty retailer’s stock valued at $332,995,000 after purchasing an additional 7,834 shares in the last quarter. Hedge funds and other institutional investors own 84.26% of the company’s stock.

TSCO stock opened at $237.38 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.51 and a current ratio of 1.57. Tractor Supply has a 52 week low of $170.82 and a 52 week high of $241.54. The firm’s fifty day moving average is $222.72 and its 200 day moving average is $220.42. The firm has a market cap of $26.62 billion, a P/E ratio of 27.54, a P/E/G ratio of 2.58 and a beta of 0.98.

Tractor Supply (NASDAQ:TSCO – Get Rating) last released its earnings results on Thursday, January 27th. The specialty retailer reported $1.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.09. Tractor Supply had a net margin of 7.83% and a return on equity of 50.77%. The company had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter last year, the firm earned $1.64 EPS. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, analysts forecast that Tractor Supply will post 9.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 8th. Investors of record on Monday, February 21st were given a dividend of $0.92 per share. This is a boost from Tractor Supply’s previous quarterly dividend of $0.52. This represents a $3.68 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Thursday, February 17th. Tractor Supply’s dividend payout ratio (DPR) is 42.69%.

Tractor Supply Company Profile (Get Rating)

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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