Telsey Advisory Group Reiterates Outperform Rating for Tractor Supply (NASDAQ:TSCO)

Telsey Advisory Group reiterated their outperform rating on shares of Tractor Supply (NASDAQ:TSCO) in a research report report published on Thursday, Marketbeat reports. They currently have a $275.00 price target on the specialty retailer’s stock. Telsey Advisory Group also issued estimates for Tractor Supply’s Q1 2025 earnings at $1.91 EPS, Q2 2025 earnings at $4.32 EPS, Q3 2025 earnings at $2.53 EPS and Q4 2025 earnings at $2.62 EPS.

A number of other analysts also recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the company an overweight rating in a report on Monday, March 25th. Benchmark restated a buy rating and set a $256.00 target price on shares of Tractor Supply in a research report on Monday, April 22nd. Barclays upped their target price on shares of Tractor Supply from $192.00 to $234.00 and gave the company an equal weight rating in a research report on Wednesday, April 17th. The Goldman Sachs Group upped their target price on shares of Tractor Supply from $230.00 to $262.00 and gave the company a buy rating in a research report on Friday, February 2nd. Finally, Raymond James cut shares of Tractor Supply from a strong-buy rating to an outperform rating and upped their target price for the company from $230.00 to $250.00 in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $248.17.

Tractor Supply Stock Up 3.3 %

TSCO opened at $273.90 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $274.66. The firm’s fifty day moving average is $252.44 and its 200 day moving average is $226.90. The stock has a market cap of $29.56 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 3.47 and a beta of 0.84.

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

Tractor Supply Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, February 23rd. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. Tractor Supply’s dividend payout ratio (DPR) is currently 42.84%.

Insider Activity

In other news, SVP Matthew L. Rubin sold 725 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $238.09, for a total transaction 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 legal filing with the SEC, which is available through the SEC website. In related news, SVP Matthew L. Rubin sold 725 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $238.09, for a total transaction of $172,615.25. Following the completion of the sale, the senior vice president now owns 5,710 shares of the company’s stock, valued at $1,359,493.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the sale, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,090 shares of company stock worth $21,201,877. Corporate insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On Tractor Supply

A number of hedge funds and other institutional investors have recently bought and sold shares of TSCO. Wellington Management Group LLP raised its holdings in shares of Tractor Supply by 9,370.6% in the third quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock worth $573,038,000 after buying an additional 2,792,352 shares during the last quarter. Norges Bank purchased a new position in shares of Tractor Supply in the fourth quarter worth $260,560,000. Invesco Ltd. raised its holdings in shares of Tractor Supply by 76.7% in the third quarter. Invesco Ltd. now owns 2,024,182 shares of the specialty retailer’s stock worth $411,010,000 after buying an additional 878,874 shares during the last quarter. Capital World Investors raised its holdings in shares of Tractor Supply by 10.0% in the fourth quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after buying an additional 531,170 shares during the last quarter. Finally, Capital International Investors raised its holdings in shares of Tractor Supply by 7.6% in the fourth quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock worth $1,340,589,000 after buying an additional 439,954 shares during 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.