Tractor Supply (NASDAQ:TSCO) Given Neutral Rating at Mizuho

Mizuho reissued their neutral rating on shares of Tractor Supply (NASDAQ:TSCO - Free Report) in a research report report published on Friday, Benzinga reports. The firm currently has a $250.00 price target on the specialty retailer's stock, up from their previous price target of $245.00.

A number of other equities research analysts have also recently commented on TSCO. Guggenheim lifted their target price on Tractor Supply from $210.00 to $255.00 and gave the stock a buy rating in a research note on Friday, February 2nd. Benchmark reaffirmed a buy rating and issued a $256.00 price objective on shares of Tractor Supply in a research report on Monday. Stephens downgraded shares of Tractor Supply from an overweight rating to an equal weight rating and increased their target price for the company from $226.00 to $240.00 in a research report on Tuesday, January 23rd. Robert W. Baird lifted 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. Finally, Barclays increased their price objective on Tractor Supply from $234.00 to $240.00 and gave the company an equal weight rating in a report on Friday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $248.17.

Tractor Supply Stock Up 3.3 %

TSCO stock traded up $8.64 during trading on Friday, reaching $273.90. The stock had a trading volume of 1,599,523 shares, compared to its average volume of 1,172,440. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $29.56 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 3.88 and a beta of 0.84. Tractor Supply has a one year low of $185.00 and a one year high of $274.66. The company's 50 day moving average is $252.44 and its two-hundred day moving average is $226.59.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.13. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.40 billion. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The company's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.65 EPS. Equities research analysts forecast that Tractor Supply will post 10.2 EPS for the current year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, February 23rd. 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 1.61%. Tractor Supply's payout ratio is presently 43.61%.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the sale, the chief financial officer now owns 20,678 shares in the company, valued at $5,314,246. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the transaction, the chief financial officer now directly owns 20,678 shares in the company, valued at $5,314,246. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Colin Yankee sold 8,675 shares of the company's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the completion of the sale, the executive vice president now directly owns 9,673 shares of the company's stock, valued at approximately $2,418,250. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock valued at $21,201,877 in the last quarter. Corporate insiders own 0.24% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TSCO. OFI Invest Asset Management purchased a new position in Tractor Supply in the 3rd quarter worth approximately $25,000. Future Financial Wealth Managment LLC purchased a new position in shares of Tractor Supply in the first quarter worth $26,000. Private Wealth Management Group LLC bought a new stake in Tractor Supply during the 4th quarter valued at $27,000. Pinnacle Bancorp Inc. purchased a new stake in Tractor Supply during the 4th quarter valued at $28,000. Finally, Rise Advisors LLC boosted its position in Tractor Supply by 157.1% during the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer's stock valued at $28,000 after buying an additional 66 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Company Profile

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.