Tractor Supply (NASDAQ:TSCO) Given New $290.00 Price Target at Raymond James

Tractor Supply (NASDAQ:TSCO) had its price objective boosted by research analysts at Raymond James from $285.00 to $290.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the specialty retailer’s stock. Raymond James’ price objective would suggest a potential upside of 6.34% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Barclays upped their price objective on shares of Tractor Supply from $240.00 to $250.00 and gave the stock an “equal weight” rating in a report on Friday. Truist Financial lowered their price objective on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating for the company in a report on Friday. Mizuho increased their target price on Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Company lifted their price target on Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $335.00 price objective on shares of Tractor Supply in a research report on Thursday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $275.96.

Tractor Supply Trading Down 0.6 %

Tractor Supply stock traded down $1.58 during trading hours on Friday, reaching $272.71. The stock had a trading volume of 498,920 shares, compared to its average volume of 1,051,119. The stock has a market cap of $29.42 billion, a PE ratio of 26.25, a PEG ratio of 3.66 and a beta of 0.80. The company has a fifty day simple moving average of $282.05 and a 200-day simple moving average of $272.89. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $307.64.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.01. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.49 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. Analysts forecast that Tractor Supply will post 10.23 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the sale, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Valmark Advisers Inc. increased its holdings in shares of Tractor Supply by 31.1% in the 3rd quarter. Valmark Advisers Inc. now owns 2,212 shares of the specialty retailer’s stock worth $644,000 after buying an additional 525 shares during the last quarter. Traynor Capital Management Inc. lifted its stake in shares of Tractor Supply by 3.4% in the 3rd quarter. Traynor Capital Management Inc. now owns 13,983 shares of the specialty retailer’s stock valued at $4,068,000 after purchasing an additional 462 shares during the last quarter. abrdn plc boosted its holdings in shares of Tractor Supply by 0.3% in the 3rd quarter. abrdn plc now owns 116,036 shares of the specialty retailer’s stock worth $33,508,000 after purchasing an additional 402 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Tractor Supply by 8.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 30,602 shares of the specialty retailer’s stock valued at $8,903,000 after purchasing an additional 2,405 shares during the last quarter. Finally, TCI Wealth Advisors Inc. raised its holdings in Tractor Supply by 5.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 846 shares of the specialty retailer’s stock valued at $246,000 after buying an additional 41 shares during the period. 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.