UBS Group Raises Tractor Supply (NASDAQ:TSCO) Price Target to $280.00

Tractor Supply (NASDAQ:TSCO) had its price target hoisted by UBS Group from $272.00 to $280.00 in a research report released on Friday, Benzinga reports. UBS Group currently has a neutral rating on the specialty retailer’s stock.

TSCO has been the topic of several other research reports. Wells Fargo & Company boosted their price target on Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Loop Capital boosted their target price on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Citigroup cut shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Benchmark restated a “buy” rating and set a $280.00 price objective on shares of Tractor Supply in a research note on Monday, October 21st. Finally, Piper Sandler upped their target price on shares of Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $277.70.

Tractor Supply Stock Performance

Shares of TSCO opened at $272.77 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $307.64. The firm has a fifty day simple moving average of $282.24 and a 200 day simple moving average of $273.33. The stock has a market capitalization of $29.42 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 3.42 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.93. Tractor Supply had a return on equity of 50.19% and a net margin of 7.53%. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the previous year, the business earned $3.83 earnings per share. Tractor Supply’s quarterly revenue was up 1.6% on a year-over-year basis. Research analysts forecast that Tractor Supply will post 10.25 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is 42.80%.

Insiders Place Their Bets

In other news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.

Institutional Trading of Tractor Supply

A number of institutional investors and hedge funds have recently made changes to their positions in TSCO. Brookstone Capital Management increased its stake in shares of Tractor Supply by 20.1% in the 1st quarter. Brookstone Capital Management now owns 1,776 shares of the specialty retailer’s stock valued at $465,000 after purchasing an additional 297 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply during the first quarter worth about $26,000. Wealthcare Advisory Partners LLC acquired a new position in Tractor Supply during the first quarter worth about $332,000. Hennessy Advisors Inc. bought a new position in shares of Tractor Supply in the first quarter worth about $3,245,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Tractor Supply in the 1st quarter valued at approximately $257,000. Institutional investors 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.