Tractor Supply (NASDAQ:TSCO – Free Report) had its price objective hoisted by UBS Group from $220.00 to $240.00 in a report issued on Friday, Benzinga reports. They currently have a neutral rating on the specialty retailer’s stock.
Other research analysts have also issued research reports about the stock. Truist Financial increased their price target on shares of Tractor Supply from $210.00 to $230.00 and gave the stock a buy rating in a research report on Thursday, December 21st. StockNews.com started coverage on shares of Tractor Supply in a research note on Thursday, October 5th. They set a hold rating on the stock. The Goldman Sachs Group raised their price objective on shares of Tractor Supply from $230.00 to $262.00 and gave the company a buy rating in a research note on Friday. Bank of America lowered shares of Tractor Supply from a neutral rating to an underperform rating and cut their target price for the stock from $207.00 to $171.00 in a report on Friday, December 15th. Finally, Stephens lowered shares of Tractor Supply from an overweight rating to an equal weight rating and raised their price objective for the stock from $226.00 to $240.00 in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $237.40.
Tractor Supply Trading Down 0.9 %
Tractor Supply (NASDAQ:TSCO – Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.06. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. Tractor Supply’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.43 earnings per share. Analysts expect that Tractor Supply will post 10.21 EPS for the current fiscal year.
Tractor Supply Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Monday, November 27th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Friday, November 24th. Tractor Supply’s dividend payout ratio (DPR) is 40.83%.
Hedge Funds Weigh In On Tractor Supply
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capital World Investors acquired a new position in Tractor Supply during the 2nd quarter worth approximately $773,292,000. Wellington Management Group LLP boosted its stake in shares of Tractor Supply by 9,370.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock valued at $573,038,000 after purchasing an additional 2,792,352 shares during the last quarter. Capital International Investors boosted its stake in shares of Tractor Supply by 63.9% in the 2nd quarter. Capital International Investors now owns 3,070,209 shares of the specialty retailer’s stock valued at $678,627,000 after purchasing an additional 1,197,419 shares during the last quarter. Norges Bank bought a new stake in shares of Tractor Supply in the 4th quarter valued at $264,936,000. Finally, Alliancebernstein L.P. boosted its stake in shares of Tractor Supply by 84.0% in the 4th quarter. Alliancebernstein L.P. now owns 2,159,008 shares of the specialty retailer’s stock valued at $485,712,000 after purchasing an additional 985,799 shares during the last quarter. 90.38% of the stock is currently owned by institutional investors and hedge funds.
Tractor Supply Company Profile
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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