Tractor Supply (NASDAQ:TSCO) PT Raised to $290.00

Tractor Supply (NASDAQ:TSCO) had its price target lifted by equities research analysts at Raymond James from $285.00 to $290.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the specialty retailer’s stock. Raymond James’ target price suggests a potential upside of 6.32% from the stock’s current price.

Several other analysts also recently weighed in on TSCO. JPMorgan Chase & Co. lifted their target price on Tractor Supply from $260.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Robert W. Baird set a $320.00 price objective on shares of Tractor Supply in a report on Thursday, October 17th. UBS Group raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. DA Davidson raised their target price on shares of Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Barclays lifted their price target on shares of Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday. 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 currently has an average rating of “Hold” and a consensus price target of $277.70.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $272.77 on Friday. The business’s 50 day moving average price is $282.24 and its 200-day moving average price is $273.19. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $307.64. The company has a market cap of $29.41 billion, a P/E ratio of 26.56, a P/E/G ratio of 3.66 and a beta of 0.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43.

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

Insiders Place Their Bets

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

Institutional Trading of Tractor Supply

Several institutional investors and hedge funds have recently bought and sold shares of the business. Henrickson Nauta Wealth Advisors Inc. increased its stake in shares of Tractor Supply by 3.2% in the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock worth $328,000 after acquiring an additional 35 shares during the period. Private Advisor Group LLC boosted its holdings in Tractor Supply by 0.5% in the third quarter. Private Advisor Group LLC now owns 7,693 shares of the specialty retailer’s stock valued at $2,238,000 after purchasing an additional 37 shares during the last quarter. Signature Wealth Management Group grew its position in Tractor Supply by 0.5% during the 2nd quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock worth $1,890,000 after purchasing an additional 38 shares during the period. X Square Capital LLC raised its stake in shares of Tractor Supply by 1.6% during the 2nd quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock valued at $696,000 after buying an additional 41 shares during the last quarter. Finally, TCI Wealth Advisors Inc. lifted its holdings in shares of Tractor Supply by 5.1% in 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 and hedge funds.

Tractor Supply Company Profile

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.