Tractor Supply (NASDAQ:TSCO) had its price target raised by research analysts at Barclays from $100.00 to $115.00 in a report released on Thursday, BenzingaRatingsTable reports. The firm presently has an “overweight” rating on the specialty retailer’s stock. Barclays‘s target price points to a potential upside of 14.25% from the stock’s previous close.
A number of other brokerages have also recently issued reports on TSCO. Morgan Stanley lifted their target price on shares of Tractor Supply from $96.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Wedbush boosted their price objective on shares of Tractor Supply from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Loop Capital boosted their price objective on shares of Tractor Supply to $106.00 and gave the company a “hold” rating in a research report on Monday, April 15th. BidaskClub lowered shares of Tractor Supply from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $98.00 price target (up previously from $92.00) on shares of Tractor Supply in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $98.42.
Shares of NASDAQ:TSCO opened at $100.66 on Thursday. The stock has a market capitalization of $11.97 billion, a PE ratio of 23.35, a PEG ratio of 1.84 and a beta of 1.11. The company has a current ratio of 1.58, a quick ratio of 0.15 and a debt-to-equity ratio of 0.43. Tractor Supply has a fifty-two week low of $70.52 and a fifty-two week high of $107.98.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. Tractor Supply had a net margin of 6.68% and a return on equity of 36.16%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. On average, equities analysts predict that Tractor Supply will post 4.76 earnings per share for the current fiscal year.
In other news, CEO Gregory A. Sandfort sold 25,896 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $95.00, for a total value of $2,460,120.00. Following the completion of the transaction, the chief executive officer now directly owns 117,554 shares in the company, valued at $11,167,630. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Benjamin F. Parrish, Jr. sold 2,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $99.05, for a total transaction of $198,100.00. Following the completion of the transaction, the executive vice president now owns 26,549 shares of the company’s stock, valued at $2,629,678.45. The disclosure for this sale can be found here. Insiders sold 379,236 shares of company stock valued at $38,304,166 over the last 90 days. Insiders own 1.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Bruderman Asset Management LLC acquired a new stake in Tractor Supply in the fourth quarter valued at $25,000. Icon Wealth Partners LLC acquired a new stake in Tractor Supply in the first quarter valued at $27,000. Rational Advisors LLC raised its holdings in Tractor Supply by 570.9% in the fourth quarter. Rational Advisors LLC now owns 369 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 314 shares in the last quarter. Liberty Wealth Management LLC acquired a new stake in Tractor Supply in the fourth quarter valued at $31,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in Tractor Supply in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 83.54% of the company’s stock.
About Tractor Supply
Tractor Supply Company operates rural lifestyle retail stores 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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