Tractor Supply (NASDAQ:TSCO) Price Target Raised to $335.00 at Telsey Advisory Group

Tractor Supply (NASDAQ:TSCO) had its price objective increased by investment analysts at Telsey Advisory Group from $300.00 to $335.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the specialty retailer’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 10.63% from the company’s previous close.

Other analysts also recently issued reports about the company. Loop Capital raised their target price on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Citigroup raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Benchmark reiterated a “buy” rating and issued a $280.00 target price on shares of Tractor Supply in a report on Monday, September 30th. Truist Financial raised their price target on shares of Tractor Supply from $293.00 to $325.00 and gave the stock a “buy” rating in a report on Monday. Finally, Wells Fargo & Company upped their price objective on Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $270.91.

Tractor Supply Trading Up 0.7 %

TSCO stock opened at $302.80 on Thursday. The business’s 50-day moving average is $278.47 and its 200 day moving average is $271.47. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $307.64. The stock has a market cap of $32.66 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 3.81 and a beta of 0.80. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, hitting the consensus estimate of $3.93. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the previous year, the business earned $3.83 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, sell-side analysts anticipate that Tractor Supply will post 10.23 EPS for the current fiscal year.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the company’s 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 transaction, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction on Monday, August 12th. The shares were 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 owns 5,170 shares in the company, valued at approximately $1,356,349.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction on 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 sale, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wedmont Private Capital boosted its stake in shares of Tractor Supply by 3.6% during the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock worth $331,000 after acquiring an additional 45 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Tractor Supply by 527.7% in the second quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock valued at $7,155,000 after purchasing an additional 22,279 shares during the last quarter. Congress Asset Management Co. MA lifted its position in Tractor Supply by 7.2% during the first quarter. Congress Asset Management Co. MA now owns 163,875 shares of the specialty retailer’s stock worth $42,889,000 after buying an additional 10,980 shares during the period. Ballentine Partners LLC lifted its position in Tractor Supply by 2.1% during the second quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock worth $1,216,000 after buying an additional 93 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in Tractor Supply by 3.4% during the first quarter. Janney Montgomery Scott LLC now owns 143,749 shares of the specialty retailer’s stock worth $37,622,000 after purchasing an additional 4,788 shares during the period. 98.72% of the stock is owned by hedge funds and other institutional investors.

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.