Brokerages Set Tractor Supply Company (NASDAQ:TSCO) Target Price at $62.85

Tractor Supply Company (NASDAQ:TSCO) has been assigned an average recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $62.4762.

A number of research analysts recently weighed in on the stock. TD Cowen lowered their price objective on shares of Tractor Supply from $62.00 to $55.00 and set a “hold” rating on the stock in a research report on Tuesday. Citigroup reissued a “buy” rating and set a $61.00 price target (down from $66.00) on shares of Tractor Supply in a report on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of Tractor Supply in a research note on Monday, December 29th. Jefferies Financial Group upgraded Tractor Supply from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Finally, UBS Group set a $57.00 target price on Tractor Supply and gave the company a “neutral” rating in a report on Friday.

Tractor Supply Stock Down 0.1%

TSCO stock opened at $50.97 on Friday. Tractor Supply has a 1-year low of $46.85 and a 1-year high of $63.99. The business has a fifty day moving average price of $52.37 and a 200-day moving average price of $55.86. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.14. The stock has a market capitalization of $26.93 billion, a P/E ratio of 24.50, a P/E/G ratio of 2.39 and a beta of 0.74.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, beating 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 company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the firm posted $0.45 earnings per share. Tractor Supply’s 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. Equities analysts forecast that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, November 24th. Tractor Supply’s dividend payout ratio is 44.23%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. GPS Wealth Strategies Group LLC increased its stake in shares of Tractor Supply by 1.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 17,908 shares of the specialty retailer’s stock worth $945,000 after purchasing an additional 175 shares in the last quarter. Financial Network Wealth Advisors LLC grew its holdings in Tractor Supply by 8.0% during the third quarter. Financial Network Wealth Advisors LLC now owns 2,465 shares of the specialty retailer’s stock valued at $140,000 after purchasing an additional 182 shares during the period. Bennett Selby Investments LP increased its position in Tractor Supply by 1.3% in the second quarter. Bennett Selby Investments LP now owns 14,932 shares of the specialty retailer’s stock worth $788,000 after buying an additional 191 shares in the last quarter. Mount Vernon Associates Inc. MD raised its stake in shares of Tractor Supply by 0.3% in the second quarter. Mount Vernon Associates Inc. MD now owns 67,570 shares of the specialty retailer’s stock worth $3,566,000 after buying an additional 200 shares during the period. Finally, Perigon Wealth Management LLC raised its stake in shares of Tractor Supply by 0.6% in the third quarter. Perigon Wealth Management LLC now owns 34,036 shares of the specialty retailer’s stock worth $1,936,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

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.