Tractor Supply (NASDAQ:TSCO) PT Raised to $293.00

Tractor Supply (NASDAQ:TSCO) had its price objective hoisted by equities researchers at Truist Financial from $289.00 to $293.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. Truist Financial’s price objective would indicate a potential upside of 11.80% from the company’s current price.

TSCO has been the subject of several other research reports. Morgan Stanley raised their price objective on Tractor Supply from $195.00 to $235.00 and gave the company an “underweight” rating in a research report on Friday, April 26th. Mizuho reissued a “neutral” rating and set a $250.00 price objective (up previously from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Barclays raised their price objective on Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Wedbush reissued a “neutral” rating and set a $235.00 price objective on shares of Tractor Supply in a research report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. raised their price objective on Tractor Supply from $241.00 to $263.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Tractor Supply has an average rating of “Hold” and a consensus target price of $254.54.

Tractor Supply Trading Up 1.8 %

Shares of Tractor Supply stock traded up $4.63 on Friday, hitting $262.07. The stock had a trading volume of 47,630 shares, compared to its average volume of 1,148,485. The stock has a market cap of $28.25 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 3.42 and a beta of 0.81. The stock’s 50-day simple moving average is $273.95 and its two-hundred day simple moving average is $256.96. Tractor Supply has a one year low of $185.00 and a one year high of $290.38. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, missing the consensus estimate of $3.94 by ($0.01). The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.83 EPS. As a group, sell-side analysts predict that Tractor Supply will post 10.33 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TSCO. Mutual Advisors LLC grew its stake in shares of Tractor Supply by 19.5% during the 4th quarter. Mutual Advisors LLC now owns 2,088 shares of the specialty retailer’s stock valued at $449,000 after acquiring an additional 340 shares during the period. Pacer Advisors Inc. grew its stake in shares of Tractor Supply by 15.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,252 shares of the specialty retailer’s stock valued at $1,774,000 after acquiring an additional 1,126 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Tractor Supply by 744.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 36,656 shares of the specialty retailer’s stock valued at $7,882,000 after acquiring an additional 32,316 shares during the period. PFG Investments LLC lifted its holdings in Tractor Supply by 30.3% in the 4th quarter. PFG Investments LLC now owns 1,607 shares of the specialty retailer’s stock worth $346,000 after purchasing an additional 374 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Tractor Supply by 112.0% in the 4th quarter. Blue Trust Inc. now owns 390 shares of the specialty retailer’s stock worth $79,000 after purchasing an additional 206 shares in the last quarter. 98.72% of the stock is currently owned by 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.