Tractor Supply (NASDAQ:TSCO) PT Raised to $270.00

Tractor Supply (NASDAQ:TSCO) had its price objective upped by stock analysts at TD Cowen from $250.00 to $270.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. TD Cowen’s price objective would indicate a potential downside of 1.42% from the stock’s current price.

TSCO has been the subject of several other research reports. Benchmark reissued a “buy” rating and issued a $256.00 price target on shares of Tractor Supply in a research note on Monday, April 22nd. Stephens cut Tractor Supply from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $226.00 to $240.00 in a research report on Tuesday, January 23rd. Morgan Stanley upped their target price on Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a research report on Friday. Wedbush reaffirmed a “neutral” rating and set a $235.00 target price on shares of Tractor Supply in a research report on Tuesday, April 23rd. Finally, Raymond James cut Tractor Supply from a “strong-buy” rating to an “outperform” rating and upped their target price for the stock from $230.00 to $250.00 in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $248.17.

Tractor Supply Trading Up 3.3 %

Shares of NASDAQ TSCO opened at $273.90 on Friday. The stock has a market cap of $29.56 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 3.97 and a beta of 0.84. The business has a 50 day simple moving average of $252.44 and a 200 day simple moving average of $226.74. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $274.66. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.28 and a current ratio of 1.40.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, beating the consensus estimate of $1.70 by $0.13. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.65 EPS. On average, research analysts predict that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Insider Activity at Tractor Supply

In related news, CFO Kurt D. Barton sold 401 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the transaction, the chief financial officer now directly owns 25,013 shares in the company, valued at $5,804,516.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Kurt D. Barton sold 401 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the completion of the transaction, the chief financial officer now directly owns 25,013 shares in the company, valued at $5,804,516.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kurt D. Barton sold 4,335 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the transaction, the chief financial officer now owns 20,678 shares of the company’s stock, valued at $5,314,246. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,090 shares of company stock worth $21,201,877. 0.24% of the stock is owned by corporate insiders.

Institutional Trading of Tractor Supply

Large investors have recently bought and sold shares of the stock. WCM Investment Management LLC bought a new stake in Tractor Supply in the fourth quarter valued at $782,000. LPL Financial LLC grew its position in Tractor Supply by 4.6% in the third quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock valued at $23,122,000 after acquiring an additional 5,014 shares during the period. Impax Asset Management Group plc grew its position in Tractor Supply by 2,120.1% in the fourth quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer’s stock valued at $26,194,000 after acquiring an additional 116,330 shares during the period. Simon Quick Advisors LLC grew its position in Tractor Supply by 21.1% in the third quarter. Simon Quick Advisors LLC now owns 1,551 shares of the specialty retailer’s stock valued at $315,000 after acquiring an additional 270 shares during the period. Finally, International Assets Investment Management LLC grew its position in Tractor Supply by 32,987.5% in the fourth quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock valued at $58,128,000 after acquiring an additional 269,508 shares during the period. 98.72% of the stock is currently owned by institutional investors.

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.