Tractor Supply (NASDAQ:TSCO) Reaches New 1-Year High at $287.99

Tractor Supply (NASDAQ:TSCO)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $287.99 and last traded at $287.41, with a volume of 297756 shares. The stock had previously closed at $280.25.

Wall Street Analysts Forecast Growth

TSCO has been the topic of several recent analyst reports. Evercore ISI lifted their target price on Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Telsey Advisory Group boosted their price objective on shares of Tractor Supply from $280.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Robert W. Baird upped their price target on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Wedbush reaffirmed a “neutral” rating and set a $235.00 price target on shares of Tractor Supply in a research report on Tuesday, April 23rd. Finally, Truist Financial increased their price objective on shares of Tractor Supply from $277.00 to $289.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Tractor Supply has an average rating of “Hold” and an average target price of $253.96.

Tractor Supply Price Performance

The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $31.22 billion, a PE ratio of 28.14, a P/E/G ratio of 3.65 and a beta of 0.83. The stock has a fifty day simple moving average of $269.06 and a 200-day simple moving average of $245.97.

Tractor Supply (NASDAQ:TSCO) last released its 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. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 EPS. Equities analysts anticipate that Tractor Supply will post 10.34 earnings per share for the current year.

Tractor Supply Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s dividend payout ratio (DPR) is currently 42.84%.

Institutional Trading of Tractor Supply

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply in the first quarter valued at about $26,000. LRI Investments LLC bought a new position in shares of Tractor Supply in the first quarter valued at $28,000. Rise Advisors LLC increased its holdings in shares of Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 66 shares in the last quarter. 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 purchasing an additional 98 shares during the period. Finally, Private Wealth Management Group LLC acquired a new stake in Tractor Supply during the 4th quarter valued at $27,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

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.