Tractor Supply (NASDAQ:TSCO) Stock Lifted to “Hold” by Zacks Research

Zacks Research upgraded shares of Tractor Supply (NASDAQ:TSCO) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks reports.

TSCO has been the topic of several other reports. Piper Sandler set a $31.00 price target on Tractor Supply and gave the company a “neutral” rating in a report on Friday, July 24th. UBS Group set a $33.00 price objective on Tractor Supply and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Morgan Stanley reissued a “negative” rating and issued a $35.00 target price on shares of Tractor Supply in a research report on Friday, July 24th. Loop Capital reduced their price target on shares of Tractor Supply from $41.00 to $35.00 and set a “hold” rating for the company in a research report on Tuesday, June 16th. Finally, Citigroup reiterated a “buy” rating on shares of Tractor Supply in a research note on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $39.31.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $32.29 on Monday. Tractor Supply has a 12 month low of $28.36 and a 12 month high of $58.21. The stock has a market cap of $16.93 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 3.39 and a beta of 0.52. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. The company’s fifty day moving average price is $33.61 and its 200-day moving average price is $34.41.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The business had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.Tractor Supply’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, equities analysts expect that Tractor Supply will post 1.93 EPS for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is 50.00%.

Insider Buying and Selling at Tractor Supply

In other news, Director Edna Morris bought 1,560 shares of Tractor Supply stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of $32.44 per share, with a total value of $50,606.40. Following the completion of the acquisition, the director owned 279,720 shares of the company’s stock, valued at $9,074,116.80. This trade represents a 0.56% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andre Hawaux bought 3,150 shares of the stock in a transaction dated Monday, August 3rd. The shares were purchased at an average price of $31.83 per share, with a total value of $100,264.50. Following the completion of the transaction, the director directly owned 3,150 shares in the company, valued at approximately $100,264.50. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 20,310 shares of company stock worth $652,411. Insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Tractor Supply

Large investors have recently made changes to their positions in the company. Polaris Financial Partners bought a new stake in Tractor Supply during the 3rd quarter valued at $106,000. CX Institutional increased its stake in shares of Tractor Supply by 5.3% during the third quarter. CX Institutional now owns 10,301 shares of the specialty retailer’s stock valued at $322,000 after buying an additional 518 shares during the period. State Street Corp raised its holdings in shares of Tractor Supply by 2.9% in the second quarter. State Street Corp now owns 23,500,716 shares of the specialty retailer’s stock valued at $742,858,000 after acquiring an additional 665,648 shares in the last quarter. Anchor Investment Management LLC raised its holdings in shares of Tractor Supply by 11.4% in the second quarter. Anchor Investment Management LLC now owns 84,763 shares of the specialty retailer’s stock valued at $2,679,000 after acquiring an additional 8,676 shares in the last quarter. Finally, Bullseye Investment Management LLC purchased a new stake in Tractor Supply in the second quarter worth about $31,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a retailer focused on the needs of farmers, ranchers, homeowners, gardeners, pet owners and other customers who lead rural and suburban lifestyles. The company operates under the Tractor Supply banner and serves communities across the United States through stores and digital channels.

Its merchandise includes agricultural and livestock supplies, animal feed, fencing, hardware, tools, workwear, outdoor power equipment, lawn and garden products, home improvement goods, automotive products and seasonal merchandise.