Tractor Supply (NASDAQ:TSCO) PT Raised to $275.00

Tractor Supply (NASDAQ:TSCO) had its target price lifted by Telsey Advisory Group from $250.00 to $275.00 in a research note released on Friday morning, MarketBeat.com reports. They currently have an outperform rating on the specialty retailer’s stock. Telsey Advisory Group also issued estimates for Tractor Supply’s Q1 2025 earnings at $1.91 EPS, Q2 2025 earnings at $4.32 EPS, Q3 2025 earnings at $2.53 EPS and Q4 2025 earnings at $2.62 EPS.

TSCO has been the topic of several other research reports. Truist Financial upped their target price on Tractor Supply from $256.00 to $277.00 and gave the company a buy rating in a research report on Tuesday, April 2nd. Evercore ISI decreased their target price on Tractor Supply from $280.00 to $275.00 and set an outperform rating on the stock in a research report on Tuesday. UBS Group upped their target price on Tractor Supply from $220.00 to $240.00 and gave the company a neutral rating in a research report on Friday, February 2nd. Wedbush boosted their price target on Tractor Supply from $200.00 to $235.00 and gave the company a neutral rating in a research note on Friday, February 2nd. Finally, Benchmark reiterated a buy rating and issued a $256.00 price target on shares of Tractor Supply in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $241.65.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $252.79 on Friday. The business’s 50 day moving average price is $249.89 and its two-hundred day moving average price is $224.62. The company has a market cap of $27.28 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 3.71 and a beta of 0.84. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $268.02.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, beating the consensus estimate of $2.22 by $0.06. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the business earned $2.43 earnings per share. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, analysts predict that Tractor Supply will post 10.2 EPS for the current year.

Tractor Supply Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.74%. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s dividend payout ratio is presently 43.61%.

Insider Activity

In other news, EVP Jonathan S. Estep sold 7,120 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.26, for a total value of $1,653,691.20. Following the completion of the transaction, the executive vice president now directly owns 13,605 shares in the company, valued at approximately $3,159,897.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the sale, the chief financial officer now directly owns 20,678 shares in the company, valued at $5,314,246. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan S. Estep sold 7,120 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $232.26, for a total value of $1,653,691.20. Following the completion of the sale, the executive vice president now owns 13,605 shares of the company’s stock, valued at $3,159,897.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,090 shares of company stock worth $21,201,877. Insiders own 0.24% of the company’s stock.

Institutional Trading of Tractor Supply

Institutional investors and hedge funds have recently bought and sold shares of the stock. American National Bank & Trust Co. VA acquired a new stake in Tractor Supply during the 1st quarter worth about $625,000. FCG Investment Co acquired a new stake in Tractor Supply during the 1st quarter worth about $256,000. Insight Folios Inc grew its holdings in Tractor Supply by 4.0% during the 1st quarter. Insight Folios Inc now owns 2,660 shares of the specialty retailer’s stock worth $696,000 after acquiring an additional 103 shares during the period. RBA Wealth Management LLC acquired a new stake in Tractor Supply during the 1st quarter worth about $3,406,000. Finally, First Trust Direct Indexing L.P. grew its holdings in Tractor Supply by 11.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 2,908 shares of the specialty retailer’s stock worth $761,000 after acquiring an additional 306 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

About Tractor Supply

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.