Tractor Supply (NASDAQ:TSCO) Given New $59.00 Price Target at JPMorgan Chase & Co.

Tractor Supply (NASDAQ:TSCO) had its price target upped by equities researchers at JPMorgan Chase & Co. from $58.00 to $59.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 7.84% from the company’s previous close.

Several other equities analysts have also recently issued reports on TSCO. Wedbush restated a “neutral” rating and issued a $54.00 price target on shares of Tractor Supply in a research report on Friday, October 25th. Raymond James boosted their price target on Tractor Supply from $57.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. UBS Group boosted their price target on Tractor Supply from $54.40 to $56.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. DA Davidson boosted their price target on Tractor Supply from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Gordon Haskett cut Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $58.90.

Tractor Supply Stock Performance

Shares of Tractor Supply stock traded up $0.42 on Friday, hitting $54.71. The stock had a trading volume of 4,957,035 shares, compared to its average volume of 5,284,104. Tractor Supply has a 52-week low of $44.35 and a 52-week high of $61.53. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The stock has a market cap of $29.23 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 3.29 and a beta of 0.84. The company’s 50 day moving average price is $55.28 and its 200 day moving average price is $55.23.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($1.84). Tractor Supply had a net margin of 7.53% and a return on equity of 50.19%. On average, research analysts anticipate that Tractor Supply will post 2.05 EPS for the current year.

Institutional Investors Weigh In On Tractor Supply

Institutional investors and hedge funds have recently bought and sold shares of the stock. PrairieView Partners LLC increased its holdings in Tractor Supply by 400.0% in the 4th quarter. PrairieView Partners LLC now owns 500 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 400 shares in the last quarter. Future Financial Wealth Managment LLC increased its holdings in Tractor Supply by 400.0% in the 4th quarter. Future Financial Wealth Managment LLC now owns 500 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 400 shares in the last quarter. Archer Investment Corp increased its holdings in Tractor Supply by 400.0% in the 4th quarter. Archer Investment Corp now owns 500 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 400 shares in the last quarter. Kentucky Trust Co acquired a new stake in Tractor Supply in the 4th quarter valued at $27,000. Finally, First Personal Financial Services acquired a new stake in Tractor Supply in the 3rd quarter valued at $29,000. Hedge funds and other 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.