DA Davidson Boosts Tractor Supply (NASDAQ:TSCO) Price Target to $219.00

Tractor Supply (NASDAQ:TSCOGet Rating) had its price objective lifted by DA Davidson from $215.00 to $219.00 in a report published on Monday morning, The Fly reports. DA Davidson currently has a neutral rating on the specialty retailer’s stock.

A number of other equities analysts have also recently issued reports on TSCO. BNP Paribas raised shares of Tractor Supply from a neutral rating to an outperform rating in a report on Thursday, January 12th. JPMorgan Chase & Co. dropped their price target on shares of Tractor Supply from $224.00 to $219.00 and set a neutral rating on the stock in a research note on Friday, October 21st. Wells Fargo & Company raised their price target on shares of Tractor Supply from $250.00 to $255.00 and gave the company an overweight rating in a research note on Monday, December 5th. Truist Financial lowered their price objective on shares of Tractor Supply from $252.00 to $237.00 and set a buy rating on the stock in a research note on Friday, October 21st. Finally, Credit Suisse Group initiated coverage on shares of Tractor Supply in a research note on Monday, December 19th. They set an outperform rating and a $260.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Tractor Supply has an average rating of Moderate Buy and an average price target of $239.67.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $215.48 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.21 and a current ratio of 1.48. Tractor Supply has a one year low of $166.49 and a one year high of $241.54. The company’s 50-day simple moving average is $218.98 and its 200-day simple moving average is $205.46. The stock has a market capitalization of $23.80 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 1.99 and a beta of 0.87.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 6th. Stockholders of record on Monday, November 21st were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, November 18th. This represents a $3.68 annualized dividend and a dividend yield of 1.71%. Tractor Supply’s payout ratio is 39.96%.

Insider Transactions at Tractor Supply

In other news, EVP Robert D. Mills sold 10,512 shares of Tractor Supply stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $220.00, for a total transaction of $2,312,640.00. Following the sale, the executive vice president now directly owns 16,137 shares in the company, valued at approximately $3,550,140. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Tractor Supply news, Director Edna Morris sold 3,566 shares of the business’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $217.27, for a total value of $774,784.82. Following the transaction, the director now directly owns 2,713 shares in the company, valued at $589,453.51. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Robert D. Mills sold 10,512 shares of the business’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $220.00, for a total transaction of $2,312,640.00. Following the completion of the transaction, the executive vice president now owns 16,137 shares in the company, valued at $3,550,140. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,999 shares of company stock worth $4,175,901. 0.23% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tractor Supply

Large investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Tractor Supply during the second quarter worth approximately $29,000. Wagner Wealth Management LLC bought a new stake in shares of Tractor Supply during the second quarter worth approximately $30,000. Romano Brothers AND Company bought a new stake in shares of Tractor Supply during the fourth quarter worth approximately $31,000. Guardian Wealth Advisors LLC bought a new stake in shares of Tractor Supply during the third quarter worth approximately $34,000. Finally, Align Wealth Management LLC bought a new stake in shares of Tractor Supply during the fourth quarter worth approximately $37,000. 84.13% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Company Profile

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Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.

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