Tractor Supply (NASDAQ:TSCO) Upgraded at Mizuho

Mizuho upgraded shares of Tractor Supply (NASDAQ:TSCO) from a neutral rating to an outperform rating in a research note released on Monday, MarketBeat reports. They currently have $60.00 price target on the specialty retailer’s stock, up from their prior price target of $54.00.

TSCO has been the topic of several other reports. UBS Group increased their target price on shares of Tractor Supply from $54.40 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Benchmark lifted their price objective on Tractor Supply from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Citigroup lowered Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Loop Capital boosted their price objective on Tractor Supply from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Thursday, December 12th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $67.00 target price on shares of Tractor Supply in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.25.

Tractor Supply Stock Up 1.0 %

Shares of NASDAQ TSCO opened at $54.39 on Monday. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. The company has a market cap of $29.05 billion, a P/E ratio of 5.29, a P/E/G ratio of 3.58 and a beta of 0.84. Tractor Supply has a 52 week low of $43.83 and a 52 week high of $61.53. The business has a 50-day simple moving average of $55.26 and a two-hundred day simple moving average of $54.97.

Tractor Supply Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is currently 42.72%.

Institutional Trading of Tractor Supply

A number of institutional investors and hedge funds have recently modified their holdings of the business. First Hawaiian Bank purchased a new stake in shares of Tractor Supply during the fourth quarter valued at $337,000. Fulton Bank N.A. boosted its holdings in shares of Tractor Supply by 392.9% during the 4th quarter. Fulton Bank N.A. now owns 4,515 shares of the specialty retailer’s stock valued at $240,000 after acquiring an additional 3,599 shares during the last quarter. Park National Corp OH grew its stake in shares of Tractor Supply by 400.0% in the fourth quarter. Park National Corp OH now owns 10,835 shares of the specialty retailer’s stock worth $575,000 after acquiring an additional 8,668 shares during the period. Peoples Bank KS raised its holdings in shares of Tractor Supply by 400.0% during the fourth quarter. Peoples Bank KS now owns 570 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 456 shares during the last quarter. Finally, Bath Savings Trust Co lifted its position in Tractor Supply by 400.0% during the fourth quarter. Bath Savings Trust Co now owns 19,090 shares of the specialty retailer’s stock valued at $1,013,000 after purchasing an additional 15,272 shares during the period. Institutional investors own 98.72% of the company’s stock.

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.