Tractor Supply (NASDAQ:TSCO) had its price target boosted by investment analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from $158.00 to $194.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell’s price target points to a potential upside of 2.09% from the company’s current price.
A number of other analysts also recently issued reports on the company. Morgan Stanley lifted their target price on Tractor Supply from $170.00 to $190.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 28th. Guggenheim boosted their target price on shares of Tractor Supply from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, April 13th. Piper Sandler upped their target price on shares of Tractor Supply from $175.00 to $203.00 and gave the company an “overweight” rating in a report on Monday, April 26th. DA Davidson raised their price objective on Tractor Supply from $160.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, April 23rd. Finally, Royal Bank of Canada upped their price objective on shares of Tractor Supply to $211.00 in a report on Friday, April 23rd. Eighteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $169.96.
Shares of Tractor Supply stock traded down $2.82 during trading on Tuesday, reaching $190.02. The stock had a trading volume of 10,953 shares, compared to its average volume of 1,259,399. The company has a current ratio of 1.49, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $22.08 billion, a price-to-earnings ratio of 29.61, a P/E/G ratio of 2.03 and a beta of 0.96. The stock has a fifty day moving average price of $179.13 and a two-hundred day moving average price of $154.94. Tractor Supply has a 52 week low of $101.60 and a 52 week high of $193.50.
In other Tractor Supply news, EVP Robert D. Mills sold 5,892 shares of the company’s stock in a transaction dated Tuesday, April 20th. The stock was sold at an average price of $185.00, for a total value of $1,090,020.00. Following the completion of the transaction, the executive vice president now owns 18,188 shares of the company’s stock, valued at approximately $3,364,780. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Christi C. Korzekwa sold 3,585 shares of the stock in a transaction dated Wednesday, February 17th. The shares were sold at an average price of $165.00, for a total value of $591,525.00. Following the completion of the transaction, the senior vice president now owns 14,976 shares of the company’s stock, valued at $2,471,040. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of TSCO. Perigon Wealth Management LLC bought a new position in Tractor Supply during the 4th quarter worth $29,000. Accel Wealth Management bought a new stake in Tractor Supply in the fourth quarter valued at approximately $31,000. Jackson Grant Investment Advisers Inc. acquired a new stake in Tractor Supply during the 1st quarter valued at approximately $33,000. Jacobi Capital Management LLC increased its position in shares of Tractor Supply by 43.8% during the fourth quarter. Jacobi Capital Management LLC now owns 243 shares of the specialty retailer’s stock worth $34,000 after buying an additional 74 shares during the period. Finally, Arkadios Wealth Advisors raised its stake in Tractor Supply by 124.3% during the fourth quarter. Arkadios Wealth Advisors now owns 249 shares of the specialty retailer’s stock worth $35,000 after buying an additional 138 shares during the last quarter. 88.26% of the stock is currently owned by institutional investors.
Tractor Supply Company Profile
Tractor Supply Company operates as a rural lifestyle retailer 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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