Tractor Supply’s (TSCO) Buy Rating Reiterated at Benchmark

Benchmark reissued their buy rating on shares of Tractor Supply (NASDAQ:TSCO) in a report issued on Monday, Benzinga reports. They currently have a $256.00 price objective on the specialty retailer’s stock.

A number of other research firms have also recently weighed in on TSCO. Stephens cut shares of Tractor Supply from an overweight rating to an equal weight rating and upped their target price for the company from $226.00 to $240.00 in a research note on Tuesday, January 23rd. UBS Group upped their target price on shares of Tractor Supply from $220.00 to $240.00 and gave the company a neutral rating in a research note on Friday, February 2nd. Guggenheim upped their target price on shares of Tractor Supply from $210.00 to $255.00 and gave the company a buy rating in a research note on Friday, February 2nd. Wedbush upped their price objective on shares of Tractor Supply from $200.00 to $235.00 and gave the stock a neutral rating in a research note on Friday, February 2nd. Finally, Morgan Stanley reaffirmed an underweight rating and set a $195.00 price objective on shares of Tractor Supply in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $241.65.

Tractor Supply Stock Up 0.8 %

TSCO stock opened at $258.13 on Monday. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.82. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $268.02. The company has a fifty day simple moving average of $251.14 and a 200 day simple moving average of $225.83. The firm has a market cap of $27.86 billion, a PE ratio of 25.58, a PEG ratio of 3.81 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.06. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The business’s revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.43 EPS. Sell-side analysts anticipate that Tractor Supply will post 10.2 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were given a dividend of $1.10 per share. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, February 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.70%. Tractor Supply’s dividend payout ratio is currently 43.61%.

Insider Transactions at Tractor Supply

In related news, CFO Kurt D. Barton sold 401 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were 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 owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Kurt D. Barton sold 401 shares of Tractor Supply stock in a transaction dated Tuesday, February 13th. The shares were 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 owns 25,013 shares of the company’s stock, valued at approximately $5,804,516.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Colin Yankee sold 8,675 shares of Tractor Supply stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total transaction 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 approximately $2,418,250. The disclosure for this sale can be found here. Insiders sold 90,090 shares of company stock valued at $21,201,877 over the last quarter. Corporate insiders own 0.58% of the company’s stock.

Institutional Trading of Tractor Supply

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Citizens National Bank Trust Department raised its stake in Tractor Supply by 0.5% in the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock worth $2,086,000 after purchasing an additional 45 shares in the last quarter. Wedmont Private Capital increased its holdings in Tractor Supply by 3.6% in the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock valued at $331,000 after buying an additional 45 shares during the period. Wahed Invest LLC increased its holdings in Tractor Supply by 2.8% in the 4th quarter. Wahed Invest LLC now owns 1,783 shares of the specialty retailer’s stock valued at $383,000 after buying an additional 49 shares during the period. Allen Capital Group LLC increased its holdings in Tractor Supply by 0.6% in the 3rd quarter. Allen Capital Group LLC now owns 8,869 shares of the specialty retailer’s stock valued at $1,805,000 after buying an additional 53 shares during the period. Finally, Fidelis Capital Partners LLC increased its holdings in Tractor Supply by 5.0% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock valued at $240,000 after buying an additional 53 shares during the period. Institutional investors and hedge funds 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.