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.
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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