Tractor Supply (NASDAQ:TSCO) Stock Rating Reaffirmed by Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Tractor Supply (NASDAQ:TSCO) in a research note released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a $275.00 price target 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.

Several other research analysts have also recently weighed in on TSCO. Truist Financial raised their target price on Tractor Supply from $256.00 to $277.00 and gave the company a buy rating in a research note on Tuesday, April 2nd. Wells Fargo & Company raised their target price on Tractor Supply from $250.00 to $285.00 and gave the company an overweight rating in a research note on Monday, March 25th. Stephens cut Tractor Supply from an overweight rating to an equal weight rating and raised their target price for the company from $226.00 to $240.00 in a research note on Tuesday, January 23rd. Wedbush reaffirmed a neutral rating and set a $235.00 target price on shares of Tractor Supply in a research note on Tuesday, April 23rd. Finally, Guggenheim raised their target price on Tractor Supply from $210.00 to $255.00 and gave the company a buy rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $248.17.

Tractor Supply Trading Up 3.3 %

NASDAQ:TSCO opened at $273.90 on Thursday. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $274.66. The stock has a market cap of $29.56 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 3.97 and a beta of 0.84. The business has a fifty day moving average of $252.44 and a 200-day moving average of $226.74. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.28 and a current ratio of 1.40.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the prior year, the business posted $1.65 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts predict that Tractor Supply will post 10.23 earnings per share 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 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 dividend yield of 1.61%. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

Insider Transactions at Tractor Supply

In other news, EVP Robert D. Mills sold 48,334 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the completion of the sale, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Harry A. Lawton III sold 20,500 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the completion of the sale, the chief executive officer now directly owns 95,192 shares of the company’s stock, valued at approximately $22,173,072.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total value of $11,224,604.82. Following the transaction, the executive vice president now directly owns 22,167 shares in the company, valued at approximately $5,147,842.41. The disclosure for this sale can be found here. Insiders sold 90,090 shares of company stock valued at $21,201,877 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of Tractor Supply

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSCO. Future Financial Wealth Managment LLC acquired a new stake in shares of Tractor Supply during the 1st quarter worth approximately $26,000. Rise Advisors LLC grew its holdings in shares of Tractor Supply by 157.1% during the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 66 shares in the last quarter. Private Wealth Management Group LLC acquired a new stake in shares of Tractor Supply during the 4th quarter worth approximately $27,000. OFI Invest Asset Management bought a new position in shares of Tractor Supply during the 3rd quarter worth approximately $25,000. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Tractor Supply during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.