Tractor Supply (NASDAQ:TSCO) Upgraded at Zacks Research

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

Other equities analysts have also recently issued research reports about the company. Telsey Advisory Group reduced their target price on Tractor Supply from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, July 24th. DA Davidson lowered their price target on Tractor Supply from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. TD Cowen reiterated a “hold” rating on shares of Tractor Supply in a research report on Wednesday, July 15th. Truist Financial set a $32.00 price objective on Tractor Supply and gave the company a “hold” rating in a research note on Tuesday, June 16th. Finally, Piper Sandler set a $31.00 price objective on Tractor Supply and gave the company a “neutral” rating in a report on Friday, July 24th. Thirteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Tractor Supply has an average rating of “Hold” and a consensus price target of $39.31.

Tractor Supply Stock Performance

TSCO opened at $32.52 on Monday. The firm’s fifty day simple moving average is $33.64 and its two-hundred day simple moving average is $34.32. Tractor Supply has a 52-week low of $28.36 and a 52-week high of $58.21. The company has a market cap of $17.06 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 3.48 and a beta of 0.52. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The company had revenue of $4.54 billion for 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%.The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Equities analysts anticipate that Tractor Supply will post 1.93 earnings per share for the current fiscal year.

Tractor Supply Dividend Announcement

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

Insider Buying and Selling at Tractor Supply

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

Institutional Investors Weigh In On Tractor Supply

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Tractor Supply during the 2nd quarter worth $1,500,967,000. State Street Corp lifted its position in 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 buying an additional 665,648 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Tractor Supply by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 5,267,878 shares of the specialty retailer’s stock worth $238,639,000 after buying an additional 89,295 shares during the period. Van ECK Associates Corp boosted its stake in Tractor Supply by 2,983.6% during the second quarter. Van ECK Associates Corp now owns 5,144,955 shares of the specialty retailer’s stock worth $162,632,000 after buying an additional 4,978,105 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Tractor Supply by 3.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,944,848 shares of the specialty retailer’s stock valued at $156,307,000 after acquiring an additional 150,285 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

About Tractor Supply

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.