Tractor Supply Company (NASDAQ:TSCO) Receives Average Rating of “Moderate Buy” from Brokerages

Tractor Supply Company (NASDAQ:TSCO) has received a consensus recommendation of “Moderate Buy” from the twenty-eight research firms that are covering the firm, MarketBeat.com reports. Fourteen equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $45.50.

TSCO has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $51.00 price objective on shares of Tractor Supply in a research report on Tuesday, April 21st. Citigroup dropped their price objective on Tractor Supply from $55.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Barclays dropped their price objective on Tractor Supply from $51.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 22nd. Daiwa Securities Group dropped their price objective on Tractor Supply from $52.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, Telsey Advisory Group dropped their price objective on Tractor Supply from $63.00 to $52.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 22nd.

Institutional Investors Weigh In On Tractor Supply

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSCO. Norges Bank purchased a new stake in Tractor Supply in the fourth quarter valued at about $303,862,000. Victory Capital Management Inc. raised its stake in Tractor Supply by 719.1% in the third quarter. Victory Capital Management Inc. now owns 4,508,661 shares of the specialty retailer’s stock valued at $256,408,000 after buying an additional 3,958,205 shares during the last quarter. Select Equity Group L.P. raised its stake in Tractor Supply by 41.9% in the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after buying an additional 3,753,414 shares during the last quarter. APG Asset Management N.V. raised its stake in Tractor Supply by 505.1% in the third quarter. APG Asset Management N.V. now owns 4,329,556 shares of the specialty retailer’s stock valued at $246,222,000 after buying an additional 3,614,097 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Tractor Supply by 18.4% in the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after buying an additional 2,706,819 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Price Performance

Shares of TSCO stock opened at $29.68 on Wednesday. Tractor Supply has a 1-year low of $28.36 and a 1-year high of $63.99. The stock’s 50-day moving average is $33.41 and its 200 day moving average is $44.61. The company has a market cap of $15.57 billion, a P/E ratio of 14.55, a PEG ratio of 2.25 and a beta of 0.47. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the business earned $0.34 EPS. Tractor Supply’s revenue for the quarter was up 3.6% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Research analysts predict that Tractor Supply will post 2.12 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Wednesday, May 27th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a yield of 3.2%. Tractor Supply’s dividend payout ratio (DPR) is presently 47.06%.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.