Mizuho Issues Positive Forecast for Tractor Supply (NASDAQ:TSCO) Stock Price

Tractor Supply (NASDAQ:TSCO) had its price target upped by Mizuho from $60.00 to $62.00 in a research report report published on Thursday,Benzinga reports. Mizuho currently has an outperform rating on the specialty retailer’s stock.

Several other equities research analysts have also commented on the stock. Raymond James raised their price target on shares of Tractor Supply from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Wedbush restated a “neutral” rating and issued a $54.00 target price on shares of Tractor Supply in a research report on Friday, October 25th. Robert W. Baird set a $64.00 price target on Tractor Supply in a research report on Thursday, October 17th. Piper Sandler raised their price target on Tractor Supply from $60.00 to $66.40 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Bank of America lifted their price objective on shares of Tractor Supply from $44.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, six have issued 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, the stock has an average rating of “Moderate Buy” and an average target price of $58.58.

Tractor Supply Stock Down 0.2 %

TSCO stock opened at $57.38 on Thursday. The stock has a market cap of $30.65 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 3.31 and a beta of 0.84. The firm’s 50-day simple moving average is $55.06 and its 200 day simple moving average is $55.07. Tractor Supply has a fifty-two week low of $44.35 and a fifty-two week high of $61.53. 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 Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were given a dividend of $0.22 per share. The ex-dividend date was Monday, November 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.53%. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Hedge Funds Weigh In On Tractor Supply

Hedge funds have recently modified their holdings of the stock. Swmg LLC boosted its position in shares of Tractor Supply by 402.2% in the 4th quarter. Swmg LLC now owns 8,627 shares of the specialty retailer’s stock valued at $496,000 after purchasing an additional 6,909 shares during the period. West Bancorporation Inc. lifted its stake in Tractor Supply by 384.1% during the fourth quarter. West Bancorporation Inc. now owns 4,250 shares of the specialty retailer’s stock valued at $226,000 after buying an additional 3,372 shares in the last quarter. Caprock Group LLC boosted its holdings in shares of Tractor Supply by 390.3% in the fourth quarter. Caprock Group LLC now owns 21,464 shares of the specialty retailer’s stock worth $1,139,000 after buying an additional 17,086 shares during the period. New Wave Wealth Advisors LLC purchased a new position in shares of Tractor Supply in the fourth quarter worth approximately $37,000. Finally, Southern Capital Advisors LLC raised its holdings in shares of Tractor Supply by 401.9% during the fourth quarter. Southern Capital Advisors LLC now owns 10,981 shares of the specialty retailer’s stock valued at $583,000 after acquiring an additional 8,793 shares during the period. 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.