Tractor Supply (NASDAQ:TSCO) was upgraded by investment analysts at Wolfe Research from a “market perform” rating to an “outperform” rating in a report released on Wednesday, The Fly reports.
Several other analysts have also recently weighed in on the company. Moffett Nathanson began coverage on Tractor Supply in a report on Monday, December 4th. They set a “neutral” rating for the company. Oppenheimer restated a “hold” rating on shares of Tractor Supply in a research report on Friday, December 1st. Morgan Stanley boosted their target price on Tractor Supply from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 16th. KeyCorp restated a “hold” rating on shares of Tractor Supply in a research report on Friday, November 10th. Finally, Robert W. Baird restated a “buy” rating and set a $66.00 target price on shares of Tractor Supply in a research report on Friday, November 10th. Seventeen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $66.26.
Shares of Tractor Supply (TSCO) traded up $1.30 during trading hours on Wednesday, reaching $70.50. The company’s stock had a trading volume of 2,290,400 shares, compared to its average volume of 2,219,017. The company has a market cap of $9,090.00, a PE ratio of 20.53, a P/E/G ratio of 1.51 and a beta of 1.32. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $78.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.00 and a quick ratio of 0.17.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global X MANAGEMENT CO LLC lifted its stake in Tractor Supply by 191.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 1,173 shares in the last quarter. Commonwealth Bank of Australia raised its stake in shares of Tractor Supply by 15.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 317 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of Tractor Supply during the 2nd quarter worth approximately $139,000. Bristlecone Advisors LLC bought a new stake in shares of Tractor Supply during the 3rd quarter worth approximately $173,000. Finally, Bronfman E.L. Rothschild L.P. raised its stake in shares of Tractor Supply by 33.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock worth $180,000 after purchasing an additional 828 shares in the last quarter. Hedge funds and other institutional investors own 92.33% of the company’s stock.
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Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
