Telsey Advisory Group Reaffirms “Outperform” Rating for Tractor Supply (NASDAQ:TSCO)

Telsey Advisory Group restated their outperform rating on shares of Tractor Supply (NASDAQ:TSCO) in a report published on Thursday, MarketBeat Ratings reports. Telsey Advisory Group currently has 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.

TSCO has been the subject of a number of other research reports. Wedbush reiterated a neutral rating and issued a $235.00 price objective on shares of Tractor Supply in a report on Tuesday, April 23rd. UBS Group increased their price objective on Tractor Supply from $220.00 to $240.00 and gave the stock a neutral rating in a report on Friday, February 2nd. Stephens downgraded Tractor Supply from an overweight rating to an equal weight rating and increased their price objective for the stock from $226.00 to $240.00 in a report on Tuesday, January 23rd. Evercore ISI decreased their price objective on Tractor Supply from $280.00 to $275.00 and set an outperform rating for the company in a report on Tuesday, April 16th. Finally, Raymond James downgraded Tractor Supply from a strong-buy rating to an outperform rating and increased their price objective for the stock from $230.00 to $250.00 in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $248.17.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $273.90 on Thursday. The stock has a fifty day moving average of $252.44 and a 200 day moving average of $226.74. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $274.66. The firm has a market capitalization of $29.56 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 3.97 and a beta of 0.84. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly 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 return on equity of 52.99% and a net margin of 7.66%. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the firm posted $1.65 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. As a group, research analysts expect that Tractor Supply will post 10.23 earnings per share for the current year.

Tractor Supply Increases Dividend

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

Insider Buying and Selling

In other Tractor Supply news, EVP Robert D. Mills sold 48,334 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at $5,147,842.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tractor Supply news, EVP Robert D. Mills sold 48,334 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at $5,147,842.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kurt D. Barton sold 401 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the transaction, the chief financial officer now directly owns 25,013 shares in the company, valued at $5,804,516.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,090 shares of company stock worth $21,201,877. 0.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. AE Wealth Management LLC lifted its position in shares of Tractor Supply by 13.4% during the 3rd quarter. AE Wealth Management LLC now owns 8,125 shares of the specialty retailer’s stock valued at $1,650,000 after buying an additional 960 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Tractor Supply by 160.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,373 shares of the specialty retailer’s stock valued at $482,000 after buying an additional 1,462 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Tractor Supply by 10.0% during the 3rd quarter. Private Trust Co. NA now owns 734 shares of the specialty retailer’s stock valued at $149,000 after buying an additional 67 shares in the last quarter. Koshinski Asset Management Inc. lifted its position in shares of Tractor Supply by 4.7% during the 3rd quarter. Koshinski Asset Management Inc. now owns 1,993 shares of the specialty retailer’s stock valued at $405,000 after buying an additional 89 shares in the last quarter. Finally, Czech National Bank lifted its holdings in Tractor Supply by 46.7% in the 3rd quarter. Czech National Bank now owns 19,027 shares of the specialty retailer’s stock worth $3,863,000 after purchasing an additional 6,056 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other 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.