Tractor Supply (NASDAQ:TSCO) Price Target Raised to $289.00 at Truist Financial

Tractor Supply (NASDAQ:TSCO) had its target price increased by investment analysts at Truist Financial from $277.00 to $289.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. Truist Financial’s target price indicates a potential upside of 6.11% from the company’s current price.

A number of other brokerages have also recently weighed in on TSCO. Guggenheim increased their price target on shares of Tractor Supply from $210.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Robert W. Baird upped their price objective on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday. Telsey Advisory Group restated an “outperform” rating and set a $275.00 price objective on shares of Tractor Supply in a research report on Thursday. UBS Group increased their price target on shares of Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Finally, Stephens downgraded shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $226.00 to $240.00 in a report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Tractor Supply currently has a consensus rating of “Hold” and an average price target of $243.74.

Tractor Supply Stock Up 2.7 %

Shares of Tractor Supply stock traded up $7.11 during trading hours on Friday, hitting $272.37. The company had a trading volume of 772,439 shares, compared to its average volume of 1,161,713. The company’s 50-day moving average is $251.70 and its two-hundred day moving average is $226.10. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $274.66. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.50 and a quick ratio of 0.28. The company has a market cap of $29.40 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 3.88 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.13. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the prior year, the business posted $1.65 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts anticipate that Tractor Supply will post 10.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Colin Yankee sold 8,675 shares of Tractor Supply stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total value of $2,168,750.00. Following the completion of the sale, the executive vice president now owns 9,673 shares in the company, valued at $2,418,250. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Colin Yankee sold 8,675 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total transaction of $2,168,750.00. Following the completion of the transaction, the executive vice president now owns 9,673 shares of the company’s stock, valued at $2,418,250. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert D. Mills sold 48,334 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the completion of the sale, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,090 shares of company stock worth $21,201,877. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Tractor Supply

Institutional investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC raised its position in Tractor Supply by 160.5% in the third quarter. Exchange Traded Concepts LLC now owns 2,373 shares of the specialty retailer’s stock worth $482,000 after acquiring an additional 1,462 shares in the last quarter. Private Trust Co. NA grew its stake in Tractor Supply by 10.0% during the 3rd quarter. Private Trust Co. NA now owns 734 shares of the specialty retailer’s stock valued at $149,000 after acquiring an additional 67 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in Tractor Supply by 4.7% during the 3rd quarter. Koshinski Asset Management Inc. now owns 1,993 shares of the specialty retailer’s stock valued at $405,000 after acquiring an additional 89 shares in the last quarter. Czech National Bank grew its stake in Tractor Supply by 46.7% during the 3rd quarter. Czech National Bank now owns 19,027 shares of the specialty retailer’s stock valued at $3,863,000 after acquiring an additional 6,056 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in Tractor Supply by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 47,497 shares of the specialty retailer’s stock valued at $9,644,000 after acquiring an additional 290 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.