Wells Fargo & Co Boosts Tractor Supply (NASDAQ:TSCO) Price Target to $125.00

Tractor Supply (NASDAQ:TSCO) had its price objective upped by Wells Fargo & Co from $115.00 to $125.00 in a report published on Thursday morning, The Fly reports. They currently have an outperform rating on the specialty retailer’s stock.

TSCO has been the subject of several other reports. Bank of America set a $7.00 price objective on Deutsche Bank and gave the company a sell rating in a report on Thursday, April 11th. Barclays reissued a buy rating on shares of Netflix in a report on Thursday, May 16th. Telsey Advisory Group boosted their price objective on Tractor Supply from $92.00 to $98.00 and gave the company a market perform rating in a report on Monday, April 22nd. Piper Jaffray Companies began coverage on TowneBank in a report on Tuesday, July 16th. They issued a neutral rating and a $27.00 price objective for the company. Finally, Morgan Stanley set a $10.00 price objective on Ford Motor and gave the company a hold rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $104.53.

NASDAQ:TSCO opened at $112.47 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.15 and a current ratio of 1.58. Tractor Supply has a one year low of $75.84 and a one year high of $114.25. The stock has a 50-day simple moving average of $108.15. The firm has a market capitalization of $13.57 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 2.08 and a beta of 1.09.



Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.07. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. Tractor Supply had a return on equity of 36.16% and a net margin of 6.68%. Tractor Supply’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 earnings per share. As a group, equities research analysts expect that Tractor Supply will post 4.77 EPS for the current fiscal year.

In other news, COO Steve K. Barbarick sold 36,108 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $104.10, for a total transaction of $3,758,842.80. Following the completion of the transaction, the chief operating officer now directly owns 60,258 shares of the company’s stock, valued at $6,272,857.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Steve K. Barbarick sold 32,867 shares of the company’s stock in a transaction that occurred 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 directly owns 46,894 shares of the company’s stock, valued at $4,883,072.22. The disclosure for this sale can be found here. Insiders have sold 79,943 shares of company stock valued at $8,322,943 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Several large investors have recently bought and sold shares of TSCO. Icon Wealth Partners LLC bought a new position in shares of Tractor Supply during the first quarter valued at approximately $27,000. Liberty Wealth Management LLC bought a new position in Tractor Supply in the 4th quarter worth approximately $31,000. Psagot Investment House Ltd. bought a new position in Tractor Supply in the 4th quarter worth approximately $35,000. Lindbrook Capital LLC grew its holdings in Tractor Supply by 79.7% in 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 in the last quarter. Finally, Pinnacle Financial Partners Inc. bought a new position in Tractor Supply in the 1st quarter worth approximately $49,000. 82.02% of the stock is 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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The Fly

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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