Tractor Supply (NASDAQ:TSCO) Price Target Raised to $240.00 at Barclays

Tractor Supply (NASDAQ:TSCO) had its price objective boosted by Barclays from $234.00 to $240.00 in a research report report published on Friday, Benzinga reports. They currently have an equal weight rating on the specialty retailer’s stock.

A number of other analysts have also recently commented on TSCO. Guggenheim upped their price target on Tractor Supply from $210.00 to $255.00 and gave the stock a buy rating in a research report on Friday, February 2nd. The Goldman Sachs Group raised their price objective on Tractor Supply from $230.00 to $262.00 and gave the stock a buy rating in a research note on Friday, February 2nd. Raymond James downgraded Tractor Supply from a strong-buy rating to an outperform rating and raised their price objective for the stock from $230.00 to $250.00 in a research note on Friday, February 2nd. Mizuho started coverage on Tractor Supply in a research note on Tuesday, March 19th. They issued a neutral rating and a $245.00 price objective on the stock. Finally, Wedbush reaffirmed a neutral rating and issued a $235.00 price objective on shares of Tractor Supply in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Tractor Supply currently has an average rating of Hold and a consensus price target of $250.00.

Tractor Supply Trading Up 1.5 %

NASDAQ:TSCO opened at $277.88 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $278.16. The company has a market cap of $29.99 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 3.47 and a beta of 0.84. The company has a 50 day simple moving average of $253.27 and a two-hundred day simple moving average of $227.47.

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

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were paid a dividend of $1.10 per share. 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 dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s dividend payout ratio (DPR) is currently 42.84%.

Insider Buying and Selling

In related news, EVP Colin Yankee sold 8,675 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the completion of the sale, the executive vice president now directly owns 9,673 shares of the company’s stock, valued at approximately $2,418,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Robert D. Mills sold 48,334 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the transaction, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Colin Yankee sold 8,675 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total value of $2,168,750.00. Following the completion of the transaction, the executive vice president now directly owns 9,673 shares of the company’s stock, valued at $2,418,250. The disclosure for this sale can be found here. In the last three months, insiders sold 90,090 shares of company stock valued at $21,201,877. Insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TSCO. Exchange Traded Concepts LLC raised its position in shares of Tractor Supply by 160.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,373 shares of the specialty retailer’s stock worth $482,000 after acquiring an additional 1,462 shares in the last quarter. Private Trust Co. NA grew its stake in Tractor Supply by 10.0% during the 3rd quarter. Private Trust Co. NA now owns 734 shares of the specialty retailer’s stock worth $149,000 after buying an additional 67 shares during the last quarter. Koshinski Asset Management Inc. grew its stake in Tractor Supply by 4.7% during the 3rd quarter. Koshinski Asset Management Inc. now owns 1,993 shares of the specialty retailer’s stock worth $405,000 after buying an additional 89 shares during the last quarter. Czech National Bank grew its stake in Tractor Supply by 46.7% during the 3rd quarter. Czech National Bank now owns 19,027 shares of the specialty retailer’s stock worth $3,863,000 after buying an additional 6,056 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in Tractor Supply by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 47,497 shares of the specialty retailer’s stock worth $9,644,000 after buying an additional 290 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

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.