Citigroup Boosts Tractor Supply (NASDAQ:TSCO) Price Target to $194.00


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Tractor Supply (NASDAQ:TSCO) had its price target hoisted by stock analysts at Citigroup from $158.00 to $194.00 in a report issued on Tuesday, The Fly reports. Citigroup’s price target would indicate a potential upside of 1.35% from the stock’s current price.

A number of other equities analysts have also recently issued reports on TSCO. Morgan Stanley lifted their target price on Tractor Supply from $170.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 28th. Loop Capital raised their target price on shares of Tractor Supply from $150.00 to $190.00 and gave the stock a “hold” rating in a report on Friday, April 23rd. Wedbush boosted their price target on shares of Tractor Supply from $145.00 to $180.00 and gave the company a “neutral” rating in a report on Monday, April 26th. DA Davidson lifted their price objective on shares of Tractor Supply from $160.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, April 23rd. Finally, Telsey Advisory Group raised their target price on Tractor Supply from $200.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, April 26th. Eighteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $171.40.

TSCO stock traded down $1.43 during trading hours on Tuesday, hitting $191.41. 25,822 shares of the stock traded hands, compared to its average volume of 1,259,399. The stock has a 50-day simple moving average of $179.13 and a 200 day simple moving average of $154.94. The company has a market cap of $22.24 billion, a P/E ratio of 29.72, a P/E/G ratio of 2.03 and a beta of 0.96. Tractor Supply has a one year low of $101.60 and a one year high of $193.50. The company has a current ratio of 1.49, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, April 21st. The specialty retailer reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.56. Tractor Supply had a net margin of 7.62% and a return on equity of 46.65%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the previous year, the company posted $0.71 EPS. The business’s revenue was up 39.7% compared to the same quarter last year. Analysts forecast that Tractor Supply will post 6.69 earnings per share for the current year.

In other Tractor Supply news, EVP Robert D. Mills sold 5,892 shares of the company’s stock in a transaction that occurred on Tuesday, April 20th. The stock was sold at an average price of $185.00, for a total value of $1,090,020.00. Following the completion of the transaction, the executive vice president now owns 18,188 shares of the company’s stock, valued at approximately $3,364,780. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Christi C. Korzekwa sold 3,585 shares of the firm’s stock in a transaction that occurred on Wednesday, February 17th. The stock was sold at an average price of $165.00, for a total value of $591,525.00. Following the completion of the sale, the senior vice president now owns 14,976 shares of the company’s stock, valued at approximately $2,471,040. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of TSCO. OLD Mission Capital LLC bought a new stake in Tractor Supply in the 3rd quarter valued at $5,655,000. Schonfeld Strategic Advisors LLC boosted its position in shares of Tractor Supply by 669.6% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 26,782 shares of the specialty retailer’s stock valued at $3,839,000 after acquiring an additional 23,302 shares in the last quarter. Brinker Capital Investments LLC bought a new stake in Tractor Supply in the third quarter valued at about $2,300,000. Strs Ohio raised its position in Tractor Supply by 53.5% in the third quarter. Strs Ohio now owns 21,844 shares of the specialty retailer’s stock worth $3,131,000 after purchasing an additional 7,613 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in Tractor Supply by 9.7% during the fourth quarter. Private Trust Co. NA now owns 4,553 shares of the specialty retailer’s stock worth $640,000 after purchasing an additional 404 shares during the period. 88.26% of the stock is owned by hedge funds and other institutional investors.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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