Benchmark reissued their buy rating on shares of Tractor Supply (NASDAQ:TSCO – Free Report) in a research report released on Monday, Benzinga reports. Benchmark currently has a $256.00 price target on the specialty retailer’s stock.
Other analysts also recently issued reports about the company. StockNews.com began coverage on Tractor Supply in a research note on Thursday, May 18th. They set a hold rating for the company. Truist Financial lowered their target price on Tractor Supply from $280.00 to $275.00 in a research note on Wednesday, July 12th. Wells Fargo & Company lowered their target price on Tractor Supply from $270.00 to $255.00 and set an overweight rating for the company in a research note on Tuesday, July 18th. Raymond James lowered their target price on Tractor Supply from $270.00 to $255.00 in a research note on Monday, July 17th. Finally, Guggenheim lowered their target price on Tractor Supply from $265.00 to $245.00 in a research note on Thursday, June 29th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply has an average rating of Moderate Buy and an average price target of $250.50.
Tractor Supply Trading Down 0.5 %
NASDAQ:TSCO opened at $214.66 on Monday. The business’s 50-day moving average is $217.68 and its two-hundred day moving average is $227.15. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.47 and a quick ratio of 0.18. Tractor Supply has a 12 month low of $181.40 and a 12 month high of $251.17. The firm has a market capitalization of $23.52 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 2.14 and a beta of 0.81.
Tractor Supply Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Tuesday, May 30th were paid a $1.03 dividend. The ex-dividend date was Friday, May 26th. This represents a $4.12 dividend on an annualized basis and a yield of 1.92%. Tractor Supply’s payout ratio is currently 42.43%.
Insider Buying and Selling at Tractor Supply
In other Tractor Supply news, CMO Jonathan S. Estep sold 12,074 shares of Tractor Supply stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $226.20, for a total value of $2,731,138.80. Following the completion of the transaction, the chief marketing officer now directly owns 7,972 shares in the company, valued at $1,803,266.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CMO Jonathan S. Estep sold 12,074 shares of Tractor Supply stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $226.20, for a total transaction of $2,731,138.80. Following the sale, the chief marketing officer now owns 7,972 shares of the company’s stock, valued at $1,803,266.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kurt D. Barton sold 9,091 shares of Tractor Supply stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $227.35, for a total value of $2,066,838.85. Following the sale, the chief financial officer now directly owns 27,061 shares in the company, valued at approximately $6,152,318.35. The disclosure for this sale can be found here. Insiders sold a total of 29,147 shares of company stock worth $6,612,685 over the last ninety days. Company insiders own 0.24% of the company’s stock.
Institutional Investors Weigh In On Tractor Supply
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Tractor Supply by 0.4% during the first quarter. Vanguard Group Inc. now owns 12,833,541 shares of the specialty retailer’s stock valued at $2,994,964,000 after buying an additional 46,672 shares during the last quarter. State Street Corp raised its holdings in Tractor Supply by 0.8% during the first quarter. State Street Corp now owns 4,459,754 shares of the specialty retailer’s stock worth $1,048,209,000 after purchasing an additional 34,281 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Tractor Supply by 99,846.1% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,249,710 shares of the specialty retailer’s stock worth $939,611,000 after purchasing an additional 4,245,458 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Tractor Supply by 2.9% during the first quarter. JPMorgan Chase & Co. now owns 2,820,992 shares of the specialty retailer’s stock worth $663,049,000 after purchasing an additional 79,240 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Tractor Supply by 5.9% during the first quarter. Geode Capital Management LLC now owns 2,496,347 shares of the specialty retailer’s stock worth $585,604,000 after purchasing an additional 138,258 shares in the last quarter. Institutional investors own 84.91% 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 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.
Read More
- Five stocks we like better than Tractor Supply
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- 3 Housing Stocks to Avoid as Interest Rates Rise
- Stock Dividend Cuts Happen Are You Ready?
- AMC: Is a Big Squeeze in the Coming Attractions?
- How to Effectively Use the MarketBeat Ratings Screener
- Rivian: A Roaring Rise Or Time To Cash Out?
Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.
