Tractor Supply (NASDAQ:TSCO) PT Raised to $289.00

Tractor Supply (NASDAQ:TSCO) had its price target upped by equities research analysts at Truist Financial from $277.00 to $289.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Truist Financial’s target price suggests a potential upside of 5.51% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Evercore ISI reduced their price target on shares of Tractor Supply from $280.00 to $275.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Robert W. Baird upped their price target on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday. Stephens downgraded shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $226.00 to $240.00 in a research report on Tuesday, January 23rd. Wells Fargo & Company upped their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Finally, Guggenheim upped their price target on shares of Tractor Supply from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply has an average rating of “Hold” and an average price target of $248.17.

Tractor Supply Trading Up 3.3 %

TSCO stock opened at $273.90 on Friday. The company’s 50-day simple moving average is $252.44 and its 200-day simple moving average is $226.74. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $274.66. The firm has a market cap of $29.56 billion, a P/E ratio of 26.67, a PEG ratio of 3.97 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period in the prior year, the company posted $1.65 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, equities analysts forecast that Tractor Supply will post 10.23 EPS for the current fiscal year.

Insider Activity

In other news, EVP Robert D. Mills sold 48,334 shares of Tractor Supply stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the sale, the executive vice president now owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Robert D. Mills sold 48,334 shares of Tractor Supply stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the sale, the executive vice president now owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the sale, the chief executive officer now directly owns 95,192 shares in the company, valued at approximately $22,173,072.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,090 shares of company stock valued at $21,201,877. 0.24% of the stock is currently owned by company insiders.

Institutional Trading of Tractor Supply

Several institutional investors have recently added to or reduced their stakes in TSCO. Exchange Traded Concepts LLC increased its holdings in Tractor Supply by 160.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,373 shares of the specialty retailer’s stock valued at $482,000 after purchasing an additional 1,462 shares during the last quarter. Private Trust Co. NA increased its holdings in Tractor Supply by 10.0% in the 3rd quarter. Private Trust Co. NA now owns 734 shares of the specialty retailer’s stock valued at $149,000 after purchasing an additional 67 shares during the last quarter. Koshinski Asset Management Inc. increased its holdings in Tractor Supply by 4.7% in the 3rd quarter. Koshinski Asset Management Inc. now owns 1,993 shares of the specialty retailer’s stock valued at $405,000 after purchasing an additional 89 shares during the last quarter. Czech National Bank increased its holdings in Tractor Supply by 46.7% in the 3rd quarter. Czech National Bank now owns 19,027 shares of the specialty retailer’s stock valued at $3,863,000 after purchasing an additional 6,056 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in Tractor Supply by 0.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 47,497 shares of the specialty retailer’s stock valued at $9,644,000 after purchasing an additional 290 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.