Tractor Supply (NASDAQ:TSCO) Given New $194.00 Price Target at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell

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.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, April 21st. The specialty retailer reported $1.55 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.56. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Tractor Supply had a net margin of 7.62% and a return on equity of 46.65%. The business’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period last year, the business earned $0.71 EPS. On average, equities analysts forecast that Tractor Supply will post 6.69 EPS for the current fiscal year.

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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Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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