Tractor Supply (NASDAQ:TSCO) PT Lowered to $290.00

Tractor Supply (NASDAQ:TSCO) had its price target decreased by investment analysts at Evercore ISI from $295.00 to $290.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Evercore ISI’s target price would suggest a potential upside of 8.94% from the stock’s previous close.

TSCO has been the topic of several other research reports. Raymond James lifted their target price on Tractor Supply from $250.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Piper Sandler lifted their price target on Tractor Supply from $265.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Telsey Advisory Group lifted their price target on Tractor Supply from $280.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. TD Cowen lifted their price target on Tractor Supply from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Wells Fargo & Company lifted their price target on Tractor Supply from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Monday, March 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Tractor Supply presently has an average rating of “Hold” and a consensus target price of $253.96.

Tractor Supply Trading Down 0.6 %

TSCO traded down $1.54 during trading on Tuesday, reaching $266.20. The company had a trading volume of 117,392 shares, compared to its average volume of 1,154,794. The firm’s 50-day simple moving average is $275.20 and its 200 day simple moving average is $250.94. The company has a market cap of $28.70 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 3.51 and a beta of 0.81. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $290.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the previous year, the business posted $1.65 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts anticipate that Tractor Supply will post 10.34 earnings per share for the current year.

Hedge Funds Weigh In On Tractor Supply

A number of institutional investors and hedge funds have recently bought and sold shares of TSCO. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply in the first quarter worth $26,000. Private Wealth Management Group LLC acquired a new position in Tractor Supply in the fourth quarter worth $27,000. Pinnacle Bancorp Inc. acquired a new position in Tractor Supply in the fourth quarter worth $28,000. Rise Advisors LLC boosted its stake in Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 66 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in Tractor Supply in the first quarter worth $28,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.