Tractor Supply’s (TSCO) “Neutral” Rating Reaffirmed at Wedbush

Wedbush reaffirmed their neutral rating on shares of Tractor Supply (NASDAQ:TSCO) in a research report report published on Friday, Benzinga reports. Wedbush currently has a $270.00 price target on the specialty retailer’s stock. Wedbush also issued estimates for Tractor Supply’s Q1 2025 earnings at $1.86 EPS, Q2 2025 earnings at $4.26 EPS, Q3 2025 earnings at $2.43 EPS, Q4 2025 earnings at $2.47 EPS and FY2025 earnings at $11.02 EPS.

A number of other equities analysts have also weighed in on TSCO. JPMorgan Chase & Co. lifted their price objective on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. UBS Group upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Evercore ISI lowered Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price objective on the stock. in a research report on Thursday, October 3rd. Benchmark reaffirmed a “buy” rating and set a $280.00 target price on shares of Tractor Supply in a report on Monday, October 21st. Finally, Loop Capital increased their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Tractor Supply presently has an average rating of “Hold” and a consensus target price of $277.70.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO traded down $1.52 during trading on Friday, hitting $272.77. The stock had a trading volume of 826,163 shares, compared to its average volume of 1,052,698. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $307.64. The stock has a market capitalization of $29.41 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 3.66 and a beta of 0.80. The stock has a 50-day simple moving average of $282.24 and a two-hundred day simple moving average of $273.05.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $2.24 EPS for the quarter, beating the consensus estimate of $2.23 by $0.01. The business had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. On average, equities research analysts expect that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is 42.84%.

Insider Buying and Selling

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Institutional Trading of Tractor Supply

Several institutional investors have recently made changes to their positions in the company. Brookstone Capital Management raised its position in Tractor Supply by 20.1% in the first quarter. Brookstone Capital Management now owns 1,776 shares of the specialty retailer’s stock valued at $465,000 after purchasing an additional 297 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply in the first quarter valued at about $26,000. Wealthcare Advisory Partners LLC purchased a new position in Tractor Supply during the first quarter worth about $332,000. Hennessy Advisors Inc. acquired a new stake in shares of Tractor Supply during the first quarter valued at about $3,245,000. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of Tractor Supply in the 1st quarter valued at approximately $257,000. 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.