Tractor Supply (NASDAQ:TSCO) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Tractor Supply (NASDAQ:TSCO) had its target price increased by research analysts at Wells Fargo & Company from $60.00 to $63.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 12.42% from the company’s current price.

TSCO has been the subject of a number of other research reports. Stephens initiated coverage on shares of Tractor Supply in a report on Wednesday, April 9th. They set an “equal weight” rating and a $56.00 price objective for the company. Citigroup decreased their price target on shares of Tractor Supply from $59.00 to $51.00 and set a “neutral” rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on Tractor Supply from $59.00 to $56.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Wall Street Zen downgraded Tractor Supply from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Finally, Mizuho cut their price objective on Tractor Supply from $62.00 to $58.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Tractor Supply has an average rating of “Moderate Buy” and a consensus target price of $57.95.

Tractor Supply Trading Down 0.5%

Shares of NASDAQ TSCO opened at $56.04 on Tuesday. Tractor Supply has a fifty-two week low of $46.85 and a fifty-two week high of $61.53. The firm has a market capitalization of $29.71 billion, a P/E ratio of 27.83, a P/E/G ratio of 3.03 and a beta of 0.75. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.41 and a quick ratio of 0.17. The company’s 50 day simple moving average is $52.39 and its 200 day simple moving average is $53.13.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Tractor Supply had a net margin of 7.24% and a return on equity of 47.56%. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same period last year, the company earned $1.83 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts predict that Tractor Supply will post 2.17 EPS for the current year.

Insider Activity at Tractor Supply

In related news, EVP Jonathan S. Estep sold 35,825 shares of the company’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $56.00, for a total transaction of $2,006,200.00. Following the sale, the executive vice president owned 74,605 shares in the company, valued at approximately $4,177,880. This represents a 32.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Matthew L. Rubin sold 2,810 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $51.76, for a total value of $145,445.60. Following the completion of the transaction, the senior vice president owned 29,722 shares of the company’s stock, valued at approximately $1,538,410.72. This represents a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,445 shares of company stock valued at $5,669,742. 0.65% of the stock is owned by insiders.

Institutional Trading of Tractor Supply

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSCO. Proficio Capital Partners LLC lifted its holdings in Tractor Supply by 956.9% during the 4th quarter. Proficio Capital Partners LLC now owns 9,269 shares of the specialty retailer’s stock valued at $492,000 after purchasing an additional 8,392 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Tractor Supply by 421.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 272,165 shares of the specialty retailer’s stock valued at $14,441,000 after purchasing an additional 219,983 shares during the period. Frank Rimerman Advisors LLC lifted its stake in shares of Tractor Supply by 416.5% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,640 shares of the specialty retailer’s stock worth $299,000 after buying an additional 4,548 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Tractor Supply by 660.0% during the 4th quarter. Natixis Advisors LLC now owns 527,271 shares of the specialty retailer’s stock worth $27,977,000 after buying an additional 457,896 shares during the period. Finally, Choate Investment Advisors grew its stake in Tractor Supply by 389.7% in the 4th quarter. Choate Investment Advisors now owns 4,740 shares of the specialty retailer’s stock valued at $252,000 after buying an additional 3,772 shares during the last quarter. 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.