Tractor Supply (NASDAQ:TSCO) PT Raised to $335.00

Tractor Supply (NASDAQ:TSCO) had its price target hoisted by stock analysts at Telsey Advisory Group from $300.00 to $335.00 in a research report issued on Thursday, Marketbeat.com reports. The firm currently has an “outperform” rating on the specialty retailer’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 12.56% from the company’s current price.

Several other equities research analysts also recently weighed in on TSCO. Loop Capital increased their price target on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Benchmark reaffirmed a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a research report on Monday, September 30th. JPMorgan Chase & Co. increased their price target on Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wells Fargo & Company increased their target price on shares of Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, UBS Group raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $272.50.

Tractor Supply Price Performance

NASDAQ TSCO opened at $297.62 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. The stock’s fifty day moving average price is $279.96 and its 200 day moving average price is $271.93. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $307.64. The company has a market cap of $32.09 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.81 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting the consensus estimate of $3.93. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $3.83 EPS. As a group, equities research analysts forecast that Tractor Supply will post 10.23 earnings per share for the current year.

Insider Activity at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the transaction, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the transaction, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the transaction, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TSCO. HighPoint Advisor Group LLC acquired a new stake in shares of Tractor Supply during the 4th quarter worth approximately $510,000. Nomura Holdings Inc. acquired a new stake in shares of Tractor Supply during the 4th quarter worth approximately $468,000. GAMMA Investing LLC increased its holdings in shares of Tractor Supply by 42.4% during the 1st quarter. GAMMA Investing LLC now owns 1,158 shares of the specialty retailer’s stock worth $303,000 after buying an additional 345 shares during the last quarter. Rise Advisors LLC increased its holdings in shares of Tractor Supply by 157.1% during the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after buying an additional 66 shares during the last quarter. Finally, Czech National Bank increased its holdings in shares of Tractor Supply by 0.5% during the 1st quarter. Czech National Bank now owns 19,022 shares of the specialty retailer’s stock worth $4,978,000 after buying an additional 86 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Company Profile

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.