Shares of Tractor Supply (NASDAQ:TSCO) have received a consensus recommendation of “Hold” from the thirty-one analysts that are currently covering the stock, MarketBeat Ratings reports. Nineteen equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $133.04.
TSCO has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on Tractor Supply from $130.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Royal Bank of Canada lifted their price objective on Tractor Supply from $138.00 to $162.00 in a research report on Friday, July 24th. DA Davidson initiated coverage on Tractor Supply in a research report on Friday, August 14th. They set a “neutral” rating and a $162.00 price objective for the company. Stephens lifted their price objective on Tractor Supply from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Finally, Nomura lifted their price objective on Tractor Supply from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th.
Shares of TSCO stock traded down $0.51 during mid-day trading on Wednesday, reaching $140.37. The stock had a trading volume of 1,153 shares, compared to its average volume of 1,576,405. Tractor Supply has a 12-month low of $63.89 and a 12-month high of $155.56. The company has a market cap of $16.37 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 1.90 and a beta of 1.01. The business has a 50-day simple moving average of $146.49 and a 200 day simple moving average of $117.85. The company has a current ratio of 1.40, a quick ratio of 0.62 and a debt-to-equity ratio of 0.34.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th were paid a $0.40 dividend. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, August 21st. Tractor Supply’s payout ratio is currently 34.19%.
In related news, EVP Benjamin F. Parrish, Jr. sold 120,619 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $148.10, for a total transaction of $17,863,673.90. Following the sale, the executive vice president now directly owns 67,262 shares in the company, valued at approximately $9,961,502.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Edna Morris sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $144.46, for a total value of $722,300.00. Following the sale, the director now owns 4,676 shares in the company, valued at $675,494.96. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado boosted its holdings in Tractor Supply by 11.4% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 195,264 shares of the specialty retailer’s stock worth $25,734,000 after buying an additional 19,988 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Tractor Supply by 1.3% in the first quarter. Alliancebernstein L.P. now owns 202,449 shares of the specialty retailer’s stock valued at $17,117,000 after acquiring an additional 2,581 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Tractor Supply by 6,115.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 104,789 shares of the specialty retailer’s stock valued at $13,810,000 after acquiring an additional 103,103 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Tractor Supply by 28.9% in the second quarter. Russell Investments Group Ltd. now owns 71,272 shares of the specialty retailer’s stock valued at $9,388,000 after acquiring an additional 15,968 shares during the period. Finally, Capital Asset Advisory Services LLC boosted its holdings in shares of Tractor Supply by 13.6% in the first quarter. Capital Asset Advisory Services LLC now owns 3,070 shares of the specialty retailer’s stock valued at $327,000 after acquiring an additional 368 shares during the period. Institutional investors and hedge funds own 84.91% of the company’s stock.
Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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