Telsey Advisory Group Reiterates “Outperform” Rating for Tractor Supply (NASDAQ:TSCO)

Telsey Advisory Group restated their outperform rating on shares of Tractor Supply (NASDAQ:TSCO) in a report published on Friday,Benzinga reports. Telsey Advisory Group currently has a $335.00 target price on the specialty retailer’s stock. Telsey Advisory Group also issued estimates for Tractor Supply’s Q1 2025 earnings at $1.86 EPS, Q2 2025 earnings at $4.23 EPS, Q3 2025 earnings at $2.45 EPS, FY2025 earnings at $11.09 EPS and FY2026 earnings at $12.20 EPS.

Several other analysts have also issued reports on TSCO. Barclays increased their price objective on Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Raymond James raised their target price on shares of Tractor Supply from $285.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Evercore ISI raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Truist Financial dropped their price objective on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Gordon Haskett lowered Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tractor Supply currently has a consensus rating of “Moderate Buy” and an average price target of $282.59.

Tractor Supply Price Performance

TSCO opened at $282.46 on Friday. The stock has a fifty day moving average of $285.15 and a 200-day moving average of $276.01. The firm has a market capitalization of $30.18 billion, a P/E ratio of 27.48, a PEG ratio of 3.54 and a beta of 0.83. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. Tractor Supply has a 12-month low of $207.00 and a 12-month high of $307.64.

Tractor Supply shares are going to split before the market opens on Friday, December 20th. The 5-1 split was announced on Thursday, December 5th. The newly issued shares will be payable to shareholders after the closing bell on Thursday, December 19th.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s dividend payout ratio is presently 42.80%.

Insider Activity

In other news, CFO Kurt D. Barton sold 23,532 shares of the firm’s 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 sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This trade represents a 70.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tractor Supply

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC bought a new stake in shares of Tractor Supply in the third quarter worth $29,000. First Personal Financial Services bought a new position in shares of Tractor Supply in the third quarter valued at about $29,000. Whittier Trust Co. boosted its holdings in shares of Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 42 shares during the period. Providence Capital Advisors LLC bought a new stake in Tractor Supply in the 3rd quarter valued at $32,000. Finally, OFI Invest Asset Management bought a new position in Tractor Supply during the second quarter worth about $33,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

About Tractor Supply

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.