Shares of Tractor Supply (NASDAQ:TSCO) have been assigned an average rating of “Hold” from the twenty-seven brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $72.22.

TSCO has been the topic of a number of recent research reports. Moffett Nathanson initiated coverage on shares of Tractor Supply in a report on Monday, December 4th. They issued a “neutral” rating on the stock. TheStreet upgraded shares of Tractor Supply from a “c+” rating to a “b” rating in a report on Wednesday, December 20th. Loop Capital set a $55.00 target price on shares of Tractor Supply and gave the company a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research lowered shares of Tractor Supply from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Finally, BidaskClub upgraded shares of Tractor Supply from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 6th.

In related news, CMO Steve K. Barbarick sold 43,076 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $69.03, for a total value of $2,973,536.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edna Morris sold 1,054 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total transaction of $70,691.78. Following the completion of the transaction, the director now owns 10,949 shares in the company, valued at approximately $734,349.43. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sentry Investment Management LLC raised its holdings in Tractor Supply by 3.1% in the second quarter. Sentry Investment Management LLC now owns 8,957 shares of the specialty retailer’s stock valued at $486,000 after buying an additional 268 shares during the period. Arizona State Retirement System raised its holdings in Tractor Supply by 1.9% in the fourth quarter. Arizona State Retirement System now owns 47,260 shares of the specialty retailer’s stock valued at $3,533,000 after buying an additional 860 shares during the period. Alps Advisors Inc. raised its holdings in Tractor Supply by 14.3% in the third quarter. Alps Advisors Inc. now owns 7,626 shares of the specialty retailer’s stock valued at $483,000 after buying an additional 953 shares during the period. Dupont Capital Management Corp raised its holdings in Tractor Supply by 14.9% in the fourth quarter. Dupont Capital Management Corp now owns 8,172 shares of the specialty retailer’s stock valued at $611,000 after buying an additional 1,061 shares during the period. Finally, Mutual of America Capital Management LLC raised its holdings in Tractor Supply by 4.0% in the third quarter. Mutual of America Capital Management LLC now owns 27,672 shares of the specialty retailer’s stock valued at $1,751,000 after buying an additional 1,069 shares during the period. Hedge funds and other institutional investors own 92.99% of the company’s stock.

Shares of Tractor Supply (NASDAQ TSCO) traded down $0.55 during midday trading on Friday, reaching $65.39. 612,111 shares of the company were exchanged, compared to its average volume of 2,171,148. The firm has a market cap of $8,459.27, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.17. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $82.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.24 and a current ratio of 1.95.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.04. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.93 billion. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. analysts predict that Tractor Supply will post 4.1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.65%. Tractor Supply’s payout ratio is currently 32.73%.

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About Tractor Supply

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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