Tractor Supply Company (NASDAQ:TSCO) Receives $63.95 Consensus Target Price from Analysts

by · The Cerbat Gem

Shares of Tractor Supply Company (NASDAQ:TSCO – Get Free Report) have been given an average recommendation of “Moderate Buy” by the twenty-two research firms that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $63.95.

A number of research analysts have recently weighed in on TSCO shares. DA Davidson set a $70.00 target price on shares of Tractor Supply in a research report on Friday, October 24th. Wolfe Research began coverage on Tractor Supply in a research note on Thursday, September 18th. They issued an “outperform” rating and a $70.00 price objective on the stock. Mizuho upped their price objective on shares of Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Citigroup lifted their price objective on shares of Tractor Supply from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $65.00 price target on shares of Tractor Supply in a report on Thursday, October 23rd.

Read Our Latest Stock Report on Tractor Supply

Tractor Supply Trading Down 2.0%

NASDAQ:TSCO opened at $53.66 on Friday. Tractor Supply has a 52 week low of $46.85 and a 52 week high of $63.99. The firm has a 50-day moving average price of $54.92 and a two-hundred day moving average price of $55.80. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30. The firm has a market cap of $28.35 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 2.82 and a beta of 0.72.

Tractor Supply (NASDAQ:TSCO – Get Free Report) last announced its earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, equities analysts expect that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.92 annualized dividend and a yield of 1.7%. Tractor Supply’s payout ratio is currently 44.23%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Tractor Supply by 1.6% in the second quarter. Vanguard Group Inc. now owns 67,679,109 shares of the specialty retailer’s stock worth $3,571,427,000 after buying an additional 1,047,687 shares in the last quarter. Wellington Management Group LLP increased its stake in Tractor Supply by 16.0% in the 1st quarter. Wellington Management Group LLP now owns 27,604,769 shares of the specialty retailer’s stock worth $1,521,023,000 after acquiring an additional 3,815,520 shares during the last quarter. Alliancebernstein L.P. increased its stake in Tractor Supply by 10.8% in the 1st quarter. Alliancebernstein L.P. now owns 24,664,907 shares of the specialty retailer’s stock worth $1,359,036,000 after acquiring an additional 2,408,373 shares during the last quarter. State Street Corp raised its stake in Tractor Supply by 0.7% in the second quarter. State Street Corp now owns 23,002,120 shares of the specialty retailer’s stock valued at $1,213,822,000 after purchasing an additional 150,392 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Tractor Supply by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 15,367,775 shares of the specialty retailer’s stock worth $808,341,000 after buying an additional 316,595 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

About Tractor Supply

(Get Free Report)

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.

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