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

Tractor Supply Company (NASDAQ:TSCO) has received a consensus rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $64.5789.

TSCO has been the subject of several analyst reports. Robert W. Baird raised their price target on shares of Tractor Supply from $65.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Wells Fargo & Company restated an “overweight” rating and set a $65.00 price objective on shares of Tractor Supply in a research report on Thursday, October 23rd. Morgan Stanley upgraded shares of Tractor Supply from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $50.00 to $60.00 in a report on Friday, October 24th. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to an “outperform” rating and boosted their target price for the company from $60.00 to $65.00 in a research note on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Tractor Supply in a report on Monday.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $50.35 on Wednesday. Tractor Supply has a 12 month low of $46.85 and a 12 month high of $63.99. The firm has a market capitalization of $26.61 billion, a P/E ratio of 24.21, a P/E/G ratio of 2.62 and a beta of 0.72. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $53.55 and a two-hundred day simple moving average of $56.09.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the firm earned $0.45 EPS. Tractor Supply’s quarterly revenue was up 7.2% compared to the same quarter last year. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, equities analysts forecast that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, November 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 44.23%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its position in shares of Tractor Supply by 123.4% during the 2nd quarter. Invesco Ltd. now owns 15,079,313 shares of the specialty retailer’s stock valued at $795,735,000 after acquiring an additional 8,329,462 shares during the period. Norges Bank bought a new stake in Tractor Supply during the second quarter valued at about $274,959,000. Victory Capital Management Inc. increased its position in Tractor Supply by 719.1% in the third quarter. Victory Capital Management Inc. now owns 4,508,661 shares of the specialty retailer’s stock worth $256,408,000 after buying an additional 3,958,205 shares in the last quarter. Select Equity Group L.P. raised its stake in shares of Tractor Supply by 41.9% in the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock worth $670,887,000 after buying an additional 3,753,414 shares during the period. Finally, APG Asset Management N.V. raised its stake in shares of Tractor Supply by 505.1% in the third quarter. APG Asset Management N.V. now owns 4,329,556 shares of the specialty retailer’s stock worth $246,222,000 after buying an additional 3,614,097 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.