Tractor Supply (NASDAQ:TSCO) Given New $263.00 Price Target at JPMorgan Chase & Co.

Tractor Supply (NASDAQ:TSCO) had its price objective hoisted by JPMorgan Chase & Co. from $241.00 to $263.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the specialty retailer’s stock.

Several other equities analysts have also recently commented on the stock. TD Cowen boosted their price objective on shares of Tractor Supply from $250.00 to $270.00 and gave the company a buy rating in a research note on Friday, April 26th. Barclays upped their price target on shares of Tractor Supply from $234.00 to $240.00 and gave the stock an equal weight rating in a report on Friday, April 26th. Morgan Stanley lifted their price objective on Tractor Supply from $195.00 to $235.00 and gave the company an underweight rating in a research note on Friday, April 26th. Truist Financial upped their target price on Tractor Supply from $277.00 to $289.00 and gave the stock a buy rating in a research note on Friday, April 26th. Finally, UBS Group lifted their price target on Tractor Supply from $220.00 to $240.00 and gave the company a neutral rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $253.54.

Tractor Supply Price Performance

TSCO opened at $269.54 on Friday. The company has a market capitalization of $29.09 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 3.41 and a beta of 0.82. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average price of $256.34 and a 200-day moving average price of $229.78. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $279.38.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.40 billion. During the same period in the previous year, the company posted $1.65 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts expect that Tractor Supply will post 10.3 EPS for the current year.

Insider Activity at Tractor Supply

In other news, EVP Robert D. Mills sold 48,334 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the transaction, the executive vice president now owns 22,167 shares in the company, valued at approximately $5,147,842.41. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Tractor Supply news, EVP Robert D. Mills sold 48,334 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total value of $11,224,604.82. Following the sale, the executive vice president now owns 22,167 shares in the company, valued at $5,147,842.41. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the transaction, the chief executive officer now owns 95,192 shares of the company’s stock, valued at $22,173,072.56. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock worth $21,201,877 over the last quarter. Corporate insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On Tractor Supply

Several hedge funds have recently added to or reduced their stakes in TSCO. Future Financial Wealth Managment LLC bought a new position in Tractor Supply in the 1st quarter worth about $26,000. Rise Advisors LLC raised its holdings 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 buying an additional 66 shares during the last quarter. Private Wealth Management Group LLC bought a new position in shares of Tractor Supply in the fourth quarter worth approximately $27,000. OFI Invest Asset Management purchased a new stake in shares of Tractor Supply during the third quarter valued at approximately $25,000. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of Tractor Supply during the fourth quarter valued at approximately $28,000. 98.72% of the stock is owned by 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.