Tractor Supply’s (TSCO) Buy Rating Reiterated at Benchmark

Tractor Supply (NASDAQ:TSCO)‘s stock had its “buy” rating reaffirmed by investment analysts at Benchmark in a report issued on Monday, Benzinga reports. They presently have a $256.00 price target on the specialty retailer’s stock. Benchmark’s target price points to a potential upside of 0.02% from the company’s current price.

Other equities analysts have also issued research reports about the company. Telsey Advisory Group raised their price objective on Tractor Supply from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Barclays raised their price objective on Tractor Supply from $192.00 to $234.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Mizuho began coverage on Tractor Supply in a research report on Tuesday, March 19th. They set a “neutral” rating and a $245.00 price objective for the company. The Goldman Sachs Group raised their price objective on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Wedbush lifted their price target on Tractor Supply from $200.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $241.65.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $255.96 on Monday. The stock has a market cap of $27.63 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 3.80 and a beta of 0.84. The firm’s fifty day simple moving average is $250.69 and its 200 day simple moving average is $225.60. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $268.02. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.06. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.43 earnings per share. As a group, research analysts predict that Tractor Supply will post 10.2 EPS for the current year.

Insider Buying and Selling at Tractor Supply

In related news, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the sale, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the sale, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Matthew L. Rubin sold 725 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $238.09, for a total transaction of $172,615.25. Following the completion of the sale, the senior vice president now directly owns 5,710 shares of the company’s stock, valued at $1,359,493.90. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock worth $21,201,877 in the last three months. 0.58% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tractor Supply

Institutional investors have recently added to or reduced their stakes in the stock. WCM Investment Management LLC bought a new position in shares of Tractor Supply during the 4th quarter valued at approximately $782,000. LPL Financial LLC boosted its position in shares of Tractor Supply by 4.6% during the 3rd quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock valued at $23,122,000 after acquiring an additional 5,014 shares during the last quarter. Impax Asset Management Group plc boosted its position in shares of Tractor Supply by 2,120.1% during the 4th quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer’s stock valued at $26,194,000 after acquiring an additional 116,330 shares during the last quarter. Simon Quick Advisors LLC boosted its position in shares of Tractor Supply by 21.1% during the 3rd quarter. Simon Quick Advisors LLC now owns 1,551 shares of the specialty retailer’s stock valued at $315,000 after acquiring an additional 270 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Tractor Supply by 32,987.5% during the 4th quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock valued at $58,128,000 after acquiring an additional 269,508 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

About Tractor Supply

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.