Tractor Supply ( TSCO ) has its Outperform rating reaffirmed by Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on the stock Supply of tractors (NASDAQ: TSCO – Free report) in a report released Thursday morning, Benzinga reports Telsey Advisory Group currently has a $335.00 target price on the specialty retailer’s stock.

TSCO has been the subject of several other reports. JPMorgan Chase & Co. raised their target price on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Wells Fargo & Company boosted their target price on shares of Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Citigroup downgraded Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Wedbush reiterated a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a report on Friday, July 26th. Finally, Piper Sandler upped their target price on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Two research analysts have rated the stock with a “sell”, nine have assigned a “hold” rating and twelve have assigned a “buy” rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $277.70, according to MarketBeat.com.

Read our latest tractor supply report

Productivity of the stock of tractors

NASDAQ TSCO opened at $272.77 on Thursday. The company’s 50-day average price is $282.24. USA, and the 200-day moving average price is $273.19. The company has a market cap of $29.41 billion, a P/E ratio of 26.56, a PEG ratio of 3.66 and a beta of 0.80. Tractor Supply has a 1 year low of $185.00. US and a 1-year high of $307.64. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43, and a quick ratio of 0.25.

Supply of tractors (NASDAQ: TSCO – Get a free report) last published its earnings results on Thursday, October 24th. The specialty retailer reported $2.24 EPS for the quarter, topping the consensus estimate of $2.23 by $0.01. The company had revenue of $3.47 billion for the quarter, compared to analysts’ estimates of $3.49 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. sell-side analysts expect that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply declares a dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were given a $1.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents an annual dividend of $4.40 and a dividend yield of 1.61%. Tractor Supply’s payout ratio is 42.84%.

Insider trading

In related news, the CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, and the total transaction amounting to $6,957,000.48. Following the transaction, the CFO now directly owns 9,683 shares in the company, valued at $2,862,682.12. This deal represents a 0.00% reduction in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available via this is a hyperlink. In other news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction amounting to $141,669.00. Following the completion of the transaction, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. This represents a 0.00% reduction in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed via SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, and the total transaction amounting to $6,957,000.48. Following the completion of the transaction, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 0.00% reduction in their position. Information about this sale can be found here. Company insiders own 0.24% of the company’s shares.

Hedge funds affect the supply of tractors

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSCO. Future Financial Wealth Managment LLC purchased a new stake in Tractor Supply during the 1st quarter valued at $26,000. LRI Investments LLC purchased a new position in shares of Tractor Supply during the first quarter valued at $28,000. J.Safra Asset Management Corp raised its stake in Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 98 shares during the period. Whittier Trust Co. raised its position in shares of Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Tractor Supply in the 2nd quarter valued at approximately $33,000. 98.72% of shares belong to institutional investors.

Tractor Supply Company Profile

(Get a free report)

Tractor Supply Company operates as a rural retailer in the United States. The company offers a variety of products including feed and equipment for cattle and horses, poultry, fencing, and sprayers and chemicals; feed, treats and equipment for dogs, cats and other small animals, as well as products for the health of dogs; seasonal and recreational products, including tractors and riders, lawn and garden, bird feed, power equipment and other recreational products; trucks, tools and hardware, such as truck accessories, trailers, generators, lubricants, batteries, and equipment and tools; and clothing, gifts and decorative products consists of clothing, shoes, toys, snacks and decorative products.

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