Robert W. Baird Raises Tractor Supply (NASDAQ:TSCO) Price Target to $285.00

Tractor Supply (NASDAQ:TSCO) had its price objective upped by Robert W. Baird from $260.00 to $285.00 in a report released on Friday, Benzinga reports. Robert W. Baird currently has an outperform rating on the specialty retailer’s stock.

TSCO has been the topic of a number of other reports. Evercore ISI cut their price target on Tractor Supply from $280.00 to $275.00 and set an outperform rating on the stock in a research note on Tuesday, April 16th. Telsey Advisory Group reiterated an outperform rating and issued a $275.00 target price on shares of Tractor Supply in a report on Thursday. Raymond James downgraded Tractor Supply from a strong-buy rating to an outperform rating and increased their price target for the stock from $230.00 to $250.00 in a report on Friday, February 2nd. Mizuho assumed coverage on shares of Tractor Supply in a research report on Tuesday, March 19th. They set a neutral rating and a $245.00 price objective for the company. Finally, Wells Fargo & Company upped their price target on Tractor Supply from $250.00 to $285.00 and gave the stock an overweight rating in a research note on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $248.17.

Tractor Supply Stock Up 3.3 %

Shares of NASDAQ TSCO opened at $273.90 on Friday. The company has a market cap of $29.56 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 3.97 and a beta of 0.84. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.83. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $274.66. The stock has a 50-day moving average price of $252.44 and a two-hundred day moving average price of $226.59.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the prior year, the company earned $1.65 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, analysts forecast that Tractor Supply will post 10.23 earnings per share 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 paid a $1.10 dividend. The ex-dividend date 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 dividend yield of 1.61%. Tractor Supply’s payout ratio is presently 42.84%.

Insider Transactions at Tractor Supply

In related news, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the sale, the chief financial officer now directly owns 20,678 shares in the company, valued at approximately $5,314,246. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kurt D. Barton sold 401 shares of the stock in a transaction on 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 in the company, valued at approximately $5,804,516.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,090 shares of company stock worth $21,201,877. 0.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tractor Supply

Several hedge funds and other institutional investors have recently modified their holdings of the stock. OFI Invest Asset Management bought a new stake in Tractor Supply during the 3rd quarter worth approximately $25,000. Future Financial Wealth Managment LLC purchased a new stake 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 fourth quarter valued at $27,000. Pinnacle Bancorp Inc. purchased a new position in Tractor Supply during the fourth quarter worth about $28,000. Finally, Rise Advisors LLC increased its stake in Tractor Supply by 157.1% in the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 66 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

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.