Tractor Supply Company (NASDAQ:TSCO) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts’ consensus rating is “Hold”, based on 28 brokerages: 13 hold, 12 buy, and 3 sell ratings. Their average 12-month price target is $38.54.
• Tractor Supply’s latest quarter beat estimates, with EPS of $0.43 versus $0.41 expected and revenue of $3.91 billion versus $3.82 billion; revenue grew 5.1% year over year.
• The company declared a quarterly dividend of $0.24 per share, equivalent to $0.96 annually and a 2.6% yield.

Shares of Tractor Supply Company (NASDAQ:TSCO - Get Free Report) have been assigned an average recommendation of "Hold" from the twenty-eight brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $38.54.

Several equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Tractor Supply from a "sell" rating to a "hold" rating in a research note on Saturday, October 31st. Stephens lowered shares of Tractor Supply to an "underperform" rating in a research report on Friday. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $36.00 price objective (up from $35.00) on shares of Tractor Supply in a report on Monday, October 19th. Argus set a $41.00 price objective on shares of Tractor Supply in a research report on Tuesday, July 28th. Finally, Weiss Ratings lowered shares of Tractor Supply from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, November 9th.

Hedge Funds Weigh In On Tractor Supply

Hedge funds have recently bought and sold shares of the business. Elevation Wealth Partners LLC raised its position in Tractor Supply by 1,253.4% during the second quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer's stock worth $25,000 after acquiring an additional 727 shares during the period. Comprehensive Financial Planning Inc. PA purchased a new position in Tractor Supply in the 2nd quarter valued at about $26,000. Community Financial Services Group LLC boosted its holdings in Tractor Supply by 3,240.0% in the 2nd quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer's stock worth $27,000 after buying an additional 810 shares during the last quarter. Bullseye Investment Management LLC acquired a new stake in Tractor Supply in the 2nd quarter worth about $31,000. Finally, Pingora Partners LLC acquired a new stake in Tractor Supply in the 2nd quarter worth about $32,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Stock Performance

NASDAQ TSCO traded down $0.18 on Friday, reaching $36.45. 6,976,332 shares of the company's stock traded hands, compared to its average volume of 13,655,350. The firm has a market cap of $18.90 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 2.83 and a beta of 0.49. The stock has a 50 day moving average price of $33.59 and a 200-day moving average price of $37.46. Tractor Supply has a fifty-two week low of $28.36 and a fifty-two week high of $56.37. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.20 and a current ratio of 1.38.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. Tractor Supply had a return on equity of 40.05% and a net margin of 6.13%. The business had revenue of $3.91 billion during the quarter, compared to analysts' expectations of $3.82 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts predict that Tractor Supply will post 1.95 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 8th. Investors of record on Monday, November 23rd will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $0.96 dividend on an annualized basis and a yield of 2.6%. Tractor Supply's dividend payout ratio is presently 51.61%.

About Tractor Supply

Tractor Supply Company is a U.S. retailer focused on the needs of rural communities, farmers, ranchers, and outdoor enthusiasts. Its stores and e-commerce business sell products for livestock and pets, including animal feed and supplies, as well as equine goods, fencing, tools, hardware, lawn and garden products, workwear, and seasonal merchandise. The company also operates Petsense, a specialty pet-supply retailer. Tractor Supply serves customers across the United States through its retail stores and digital channels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.