Tractor Supply (NASDAQ:TSCO) Given Outperform Rating at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Tractor Supply (NASDAQ:TSCO) in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a $67.00 target price on the specialty retailer’s stock. Telsey Advisory Group also issued estimates for Tractor Supply’s Q4 2024 earnings at $0.46 EPS, FY2024 earnings at $2.06 EPS, Q1 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.51 EPS and FY2026 earnings at $2.45 EPS.

A number of other brokerages have also recently issued reports on TSCO. Evercore ISI raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Mizuho lifted their price objective on Tractor Supply from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday. Citigroup cut shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Raymond James boosted their target price on Tractor Supply from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Loop Capital increased their price objective on Tractor Supply from $53.00 to $58.00 and gave the company a “hold” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $58.58.

Tractor Supply Stock Up 1.0 %

Shares of NASDAQ:TSCO opened at $57.94 on Friday. The stock has a market cap of $30.95 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 3.31 and a beta of 0.84. The firm’s 50 day moving average price is $55.12 and its 200 day moving average price is $55.11. Tractor Supply has a fifty-two week low of $44.35 and a fifty-two week high of $61.53. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81.

Tractor Supply Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.88 dividend on an annualized basis and a yield of 1.52%. Tractor Supply’s payout ratio is 42.80%.

Hedge Funds Weigh In On Tractor Supply

A number of hedge funds and other institutional investors have recently bought and sold shares of TSCO. Future Financial Wealth Managment LLC acquired a new stake in Tractor Supply during the 3rd quarter worth $29,000. First Personal Financial Services bought a new stake in Tractor Supply in the 3rd quarter valued at approximately $29,000. Providence Capital Advisors LLC acquired a new position in Tractor Supply during the 3rd quarter worth approximately $32,000. DT Investment Partners LLC raised its holdings in shares of Tractor Supply by 120.0% in the third quarter. DT Investment Partners LLC now owns 132 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 72 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in Tractor Supply by 2,383.3% during the third quarter. Assetmark Inc. now owns 149 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 143 shares during the last quarter. 98.72% of the stock is owned by 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.