Equities researchers at Goldman Sachs Group started coverage on shares of Tractor Supply (NASDAQ:TSCO) in a report issued on Thursday, MarketBeat.com reports. The brokerage set a “buy” rating and a $122.00 price target on the specialty retailer’s stock. Goldman Sachs Group’s target price points to a potential upside of 7.99% from the company’s previous close.
A number of other equities analysts have also weighed in on the stock. Bank of America set a $7.00 price target on shares of Deutsche Bank and gave the stock a “sell” rating in a research report on Thursday, April 11th. Loop Capital upped their price target on shares of Tractor Supply to $106.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. Piper Jaffray Companies upped their price target on shares of Tractor Supply from $102.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. BidaskClub lowered shares of Amyris from a “hold” rating to a “sell” rating in a research report on Thursday, June 27th. Finally, Morgan Stanley set a $10.00 price target on shares of Ford Motor and gave the stock a “hold” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company. Tractor Supply currently has a consensus rating of “Hold” and a consensus target price of $101.72.
Shares of NASDAQ TSCO opened at $112.97 on Thursday. The firm’s 50 day simple moving average is $106.53. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.58 and a quick ratio of 0.15. The company has a market capitalization of $13.63 billion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 2.02 and a beta of 1.09. Tractor Supply has a 12-month low of $75.84 and a 12-month high of $113.54.
In other news, COO Steve K. Barbarick sold 32,867 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $104.13, for a total value of $3,422,440.71. Following the transaction, the chief operating officer now owns 46,894 shares of the company’s stock, valued at $4,883,072.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory A. Sandfort sold 74,667 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $105.00, for a total transaction of $7,840,035.00. Following the completion of the transaction, the chief executive officer now directly owns 166,325 shares in the company, valued at approximately $17,464,125. The disclosure for this sale can be found here. Insiders sold 154,610 shares of company stock worth $16,162,978 in the last three months. Insiders own 1.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Icon Wealth Partners LLC purchased a new stake in Tractor Supply during the first quarter valued at $27,000. Liberty Wealth Management LLC purchased a new position in Tractor Supply during the 4th quarter worth approximately $31,000. Psagot Investment House Ltd. purchased a new position in Tractor Supply during the 4th quarter worth approximately $35,000. Lindbrook Capital LLC raised its position in Tractor Supply by 79.7% during the 1st quarter. Lindbrook Capital LLC now owns 451 shares of the specialty retailer’s stock worth $44,000 after buying an additional 200 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. purchased a new position in Tractor Supply during the 1st quarter worth approximately $49,000. 81.89% of the stock is currently owned by institutional investors.
About Tractor Supply
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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