Telsey Advisory Group Increases Tractor Supply (NASDAQ:TSCO) Price Target to $275.00

Tractor Supply (NASDAQ:TSCO - Free Report) had its target price increased by Telsey Advisory Group from $250.00 to $275.00 in a research report released on Friday, MarketBeat reports. The firm currently has an outperform rating on the specialty retailer's stock.

Several other analysts have also weighed in on TSCO. Evercore ISI cut their price objective on Tractor Supply from $280.00 to $275.00 and set an outperform rating for the company in a report on Tuesday. Guggenheim upped their price objective on Tractor Supply from $210.00 to $255.00 and gave the company a buy rating in a report on Friday, February 2nd. The Goldman Sachs Group upped their price objective on Tractor Supply from $230.00 to $262.00 and gave the company a buy rating in a report on Friday, February 2nd. UBS Group upped their target price on Tractor Supply from $220.00 to $240.00 and gave the company a neutral rating in a report on Friday, February 2nd. Finally, Truist Financial upped their target price on Tractor Supply from $256.00 to $277.00 and gave the company a buy rating in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $241.65.

Tractor Supply Stock Performance

TSCO stock traded up $5.44 during trading on Friday, reaching $252.79. 1,284,767 shares of the company's stock were exchanged, compared to its average volume of 1,153,565. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $268.02. The company's fifty day moving average price is $249.89 and its 200-day moving average price is $224.62. The firm has a market cap of $27.28 billion, a PE ratio of 25.05, a P/E/G ratio of 3.72 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The firm's quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.43 EPS. On average, research analysts expect that Tractor Supply will post 10.19 EPS for the current fiscal year.

Tractor Supply Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were given a $1.10 dividend. This is a positive change from Tractor Supply's previous quarterly dividend of $1.03. This represents a $4.40 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply's dividend payout ratio is presently 43.61%.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of the company's stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the transaction, the chief financial officer now directly owns 25,013 shares of the company's stock, valued at approximately $5,804,516.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Harry A. Lawton III sold 20,500 shares of the company's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the completion of the sale, the chief executive officer now owns 95,192 shares in the company, valued at approximately $22,173,072.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kurt D. Barton sold 401 shares of the company's stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the sale, the chief financial officer now owns 25,013 shares of the company's stock, valued at approximately $5,804,516.78. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock valued at $21,201,877 in the last three months. Insiders own 0.24% of the company's stock.

Institutional Trading of Tractor Supply

Several large investors have recently made changes to their positions in TSCO. WCM Investment Management LLC bought a new stake in Tractor Supply during the 4th quarter valued at approximately $782,000. LPL Financial LLC lifted its position in shares of Tractor Supply by 4.6% in the 3rd quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer's stock worth $23,122,000 after acquiring an additional 5,014 shares during the period. Impax Asset Management Group plc lifted its position in shares of Tractor Supply by 2,120.1% in the 4th quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer's stock worth $26,194,000 after acquiring an additional 116,330 shares during the period. Simon Quick Advisors LLC lifted its position in shares of Tractor Supply by 21.1% in the 3rd quarter. Simon Quick Advisors LLC now owns 1,551 shares of the specialty retailer's stock worth $315,000 after acquiring an additional 270 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Tractor Supply by 32,987.5% in the 4th quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer's stock worth $58,128,000 after acquiring an additional 269,508 shares during the period. Institutional investors own 98.72% of the company's stock.

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.