Telsey Advisory Group Increases Tractor Supply (NASDAQ:TSCO) Price Target to $305.00

Tractor Supply (NASDAQ:TSCO) had its price objective upped by Telsey Advisory Group from $280.00 to $305.00 in a research report sent to investors on Wednesday, Marketbeat.com reports. Telsey Advisory Group currently has an outperform rating on the specialty retailer’s stock. Telsey Advisory Group also issued estimates for Tractor Supply’s Q2 2024 earnings at $3.93 EPS, Q3 2024 earnings at $2.25 EPS, Q4 2024 earnings at $2.39 EPS, FY2024 earnings at $10.40 EPS, Q1 2025 earnings at $1.99 EPS, Q2 2025 earnings at $4.33 EPS, Q3 2025 earnings at $2.49 EPS and FY2025 earnings at $11.43 EPS.

Several other analysts have also weighed in on the stock. Mizuho reiterated a neutral rating and set a $250.00 target price (up from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Wedbush restated a neutral rating and set a $235.00 target price on shares of Tractor Supply in a research report on Tuesday, April 23rd. Evercore ISI upped their price target on Tractor Supply from $275.00 to $280.00 and gave the company an outperform rating in a research report on Friday, April 26th. Stephens lowered Tractor Supply from an overweight rating to an equal weight rating and increased their price objective for the stock from $226.00 to $240.00 in a research note on Tuesday, January 23rd. Finally, Truist Financial boosted their target price on shares of Tractor Supply from $277.00 to $289.00 and gave the company a buy rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $253.54.

Tractor Supply Trading Up 1.3 %

Shares of TSCO opened at $270.21 on Wednesday. The stock’s 50-day moving average price is $255.26 and its 200 day moving average price is $228.55. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $279.38. The firm has a market capitalization of $29.16 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 3.42 and a beta of 0.82.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. Tractor Supply’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.65 earnings per share. As a group, research analysts predict that Tractor Supply will post 10.3 earnings per share for the current year.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, February 23rd. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 dividend on an annualized basis and a yield of 1.63%. Tractor Supply’s dividend payout ratio is presently 42.84%.

Insider Transactions at Tractor Supply

In related news, EVP Colin Yankee sold 8,675 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total value of $2,168,750.00. Following the transaction, the executive vice president now directly owns 9,673 shares in the company, valued at $2,418,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Colin Yankee sold 8,675 shares of Tractor Supply stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the completion of the sale, the executive vice president now directly owns 9,673 shares of the company’s stock, valued at $2,418,250. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Harry A. Lawton III sold 20,500 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $232.93, for a total value of $4,775,065.00. Following the completion of the transaction, the chief executive officer now directly owns 95,192 shares in the company, valued at approximately $22,173,072.56. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock worth $21,201,877 in the last quarter. 0.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new position in shares of Tractor Supply during the first quarter worth $26,000. Rise Advisors LLC lifted its holdings in Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 66 shares in the last quarter. Private Wealth Management Group LLC acquired a new position in Tractor Supply in the fourth quarter valued at about $27,000. OFI Invest Asset Management bought a new stake in shares of Tractor Supply in the third quarter worth about $25,000. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of Tractor Supply in the fourth quarter worth about $28,000. 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.