Barclays Issues Positive Forecast for Tractor Supply (NASDAQ:TSCO) Stock Price

Tractor Supply (NASDAQ:TSCO) had its price objective increased by equities researchers at Barclays from $250.00 to $262.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the specialty retailer’s stock. Barclays‘s target price indicates a potential downside of 7.24% from the company’s current price.

Several other equities research analysts have also recently weighed in on TSCO. Evercore ISI upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Gordon Haskett downgraded Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. DA Davidson raised their target price on Tractor Supply from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Telsey Advisory Group reissued an “outperform” rating and issued a $335.00 target price on shares of Tractor Supply in a report on Friday. Finally, Mizuho increased their target price on Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tractor Supply currently has a consensus rating of “Moderate Buy” and an average price target of $283.14.

Tractor Supply Trading Down 0.0 %

Shares of NASDAQ TSCO traded down $0.01 during midday trading on Monday, reaching $282.46. The stock had a trading volume of 1,069,727 shares, compared to its average volume of 897,132. The firm has a market cap of $30.18 billion, a price-to-earnings ratio of 27.48, a price-to-earnings-growth ratio of 3.54 and a beta of 0.83. Tractor Supply has a twelve month low of $207.00 and a twelve month high of $307.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The company’s 50 day moving average price is $285.15 and its 200 day moving average price is $276.01.

Tractor Supply shares are going to split on the morning of Friday, December 20th. The 5-1 split was announced on Thursday, December 5th. The newly created shares will be payable to shareholders after the closing bell on Thursday, December 19th.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction dated 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 owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 70.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.58% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Tractor Supply by 3.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,740,864 shares of the specialty retailer’s stock valued at $1,379,260,000 after buying an additional 161,503 shares during the period. State Street Corp increased its position in Tractor Supply by 1.1% during the third quarter. State Street Corp now owns 4,518,341 shares of the specialty retailer’s stock worth $1,314,521,000 after buying an additional 47,951 shares in the last quarter. Geode Capital Management LLC increased its position in Tractor Supply by 1.5% during the third quarter. Geode Capital Management LLC now owns 2,885,688 shares of the specialty retailer’s stock worth $837,156,000 after buying an additional 43,998 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Tractor Supply by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,123,280 shares of the specialty retailer’s stock valued at $303,278,000 after purchasing an additional 110,342 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Tractor Supply by 3.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 830,193 shares of the specialty retailer’s stock valued at $241,528,000 after purchasing an additional 29,730 shares during the period. Hedge funds and other institutional investors 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.