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

Mizuho reiterated their neutral rating on shares of Tractor Supply (NASDAQ:TSCO) in a research report report published on Friday, Benzinga reports. The brokerage currently has a $250.00 price objective on the specialty retailer’s stock, up from their prior price objective of $245.00.

A number of other research analysts also recently commented on TSCO. Evercore ISI lowered their price objective on shares of Tractor Supply from $280.00 to $275.00 and set an outperform rating on the stock in a research report on Tuesday, April 16th. Stephens cut shares of Tractor Supply from an overweight rating to an equal weight rating and boosted their price target for the company from $226.00 to $240.00 in a report on Tuesday, January 23rd. Wedbush reaffirmed a neutral rating and issued a $235.00 price target on shares of Tractor Supply in a research note on Tuesday. Guggenheim lifted their price objective on Tractor Supply from $210.00 to $255.00 and gave the company a buy rating in a research report on Friday, February 2nd. Finally, Barclays upped their target price on Tractor Supply from $234.00 to $240.00 and gave the stock an equal weight rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Tractor Supply presently has a consensus rating of Hold and an average price target of $248.17.

Tractor Supply Stock Up 3.3 %

TSCO stock opened at $273.90 on Friday. The company’s 50 day simple moving average is $252.44 and its 200-day simple moving average is $226.59. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $274.66. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.28. The firm has a market capitalization of $29.56 billion, a P/E ratio of 26.67, a P/E/G ratio of 3.97 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period in the previous year, the firm earned $1.65 earnings per share. Tractor Supply’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts anticipate that Tractor Supply will post 10.23 EPS for the current year.

Tractor Supply Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders 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 represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s dividend payout ratio is currently 42.84%.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Kurt D. Barton sold 401 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the transaction, the chief financial officer now owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kurt D. Barton sold 4,335 shares of Tractor Supply stock in a transaction that occurred on Friday, March 15th. The shares were 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 $5,314,246. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,090 shares of company stock worth $21,201,877. Company insiders own 0.24% of the company’s stock.

Institutional Trading of Tractor Supply

A number of large investors have recently bought and sold shares of the stock. Citizens National Bank Trust Department grew its holdings in shares of Tractor Supply by 0.5% in the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock worth $2,086,000 after purchasing an additional 45 shares during the last quarter. Lindbrook Capital LLC boosted its position in Tractor Supply by 10.9% in the first quarter. Lindbrook Capital LLC now owns 459 shares of the specialty retailer’s stock valued at $120,000 after buying an additional 45 shares in the last quarter. Wedmont Private Capital grew its stake in Tractor Supply by 3.6% during the first quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock worth $331,000 after buying an additional 45 shares during the last quarter. Wahed Invest LLC increased its holdings in shares of Tractor Supply by 2.8% during the fourth quarter. Wahed Invest LLC now owns 1,783 shares of the specialty retailer’s stock worth $383,000 after buying an additional 49 shares in the last quarter. Finally, Allen Capital Group LLC raised its stake in shares of Tractor Supply by 0.6% in the third quarter. Allen Capital Group LLC now owns 8,869 shares of the specialty retailer’s stock valued at $1,805,000 after acquiring an additional 53 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.