Mizuho Increases Tractor Supply (NASDAQ:TSCO) Price Target to $270.00

Tractor Supply (NASDAQ:TSCO) had its target price boosted by Mizuho from $250.00 to $270.00 in a report released on Friday morning, Benzinga reports. Mizuho currently has a neutral rating on the specialty retailer’s stock.

A number of other equities analysts have also recently commented on TSCO. Benchmark reiterated a “buy” rating and issued a $280.00 target price on shares of Tractor Supply in a research report on Monday, October 21st. UBS Group upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. DA Davidson lifted their target price on shares of Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday. Telsey Advisory Group reiterated an “outperform” rating and issued a $335.00 target price on shares of Tractor Supply in a research report on Thursday. Finally, Loop Capital lifted their target price on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $277.70.

Tractor Supply Stock Performance

Tractor Supply stock opened at $272.77 on Friday. The firm’s fifty day moving average price is $282.24 and its 200-day moving average price is $273.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The stock has a market cap of $29.42 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 3.42 and a beta of 0.80. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $307.64.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, meeting the consensus estimate of $3.93. The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Tractor Supply had a net margin of 7.53% and a return on equity of 50.19%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $3.83 EPS. On average, equities research analysts expect that Tractor Supply will post 10.25 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Monday, August 26th. Tractor Supply’s payout ratio is 42.80%.

Insider Activity

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

Hedge Funds Weigh In On Tractor Supply

Several large investors have recently modified their holdings of the stock. JFS Wealth Advisors LLC raised its position in shares of Tractor Supply by 3,249.3% in the 3rd quarter. JFS Wealth Advisors LLC now owns 2,244 shares of the specialty retailer’s stock worth $653,000 after purchasing an additional 2,177 shares during the last quarter. SteelPeak Wealth LLC raised its position in shares of Tractor Supply by 14.0% in the 3rd quarter. SteelPeak Wealth LLC now owns 2,927 shares of the specialty retailer’s stock worth $852,000 after purchasing an additional 359 shares during the last quarter. Diversify Wealth Management LLC raised its position in shares of Tractor Supply by 14.2% in the 3rd quarter. Diversify Wealth Management LLC now owns 1,976 shares of the specialty retailer’s stock worth $577,000 after purchasing an additional 246 shares during the last quarter. First Trust Direct Indexing L.P. raised its position in shares of Tractor Supply by 19.3% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,266 shares of the specialty retailer’s stock worth $1,241,000 after purchasing an additional 689 shares during the last quarter. Finally, Valmark Advisers Inc. raised its position in shares of Tractor Supply by 31.1% in the 3rd quarter. Valmark Advisers Inc. now owns 2,212 shares of the specialty retailer’s stock worth $644,000 after purchasing an additional 525 shares during the last quarter. Hedge funds and other 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.