Telsey Advisory Group Boosts Tractor Supply (NASDAQ:TSCO) Price Target to $335.00

Tractor Supply (NASDAQ:TSCO) had its price objective increased by investment analysts at Telsey Advisory Group from $300.00 to $335.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Telsey Advisory Group’s target price suggests a potential upside of 10.63% from the stock’s previous close.

TSCO has been the subject of a number of other reports. Benchmark reaffirmed a “buy” rating and issued a $280.00 price target on shares of Tractor Supply in a research note on Monday, September 30th. Truist Financial upped their target price on Tractor Supply from $293.00 to $325.00 and gave the stock a “buy” rating in a research report on Monday. Evercore ISI cut Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target on the stock. in a research report on Thursday, October 3rd. Citigroup raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Finally, UBS Group raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $270.91.

Tractor Supply Trading Up 0.7 %

Shares of NASDAQ TSCO opened at $302.80 on Thursday. The stock has a market capitalization of $32.66 billion, a P/E ratio of 29.20, a PEG ratio of 3.81 and a beta of 0.80. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $307.64. The stock’s 50 day moving average price is $278.47 and its two-hundred day moving average price is $271.47. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.93. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. Tractor Supply’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.83 EPS. On average, analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Tractor Supply

In other news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Tractor Supply by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after purchasing an additional 368,859 shares during the last quarter. Marshall Wace LLP increased its position in Tractor Supply by 2,921.4% in the 2nd quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock worth $96,451,000 after buying an additional 345,402 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Tractor Supply by 11,952.8% during the first quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock worth $63,121,000 after buying an additional 239,176 shares during the last quarter. Employees Retirement System of Texas bought a new stake in shares of Tractor Supply in the second quarter valued at approximately $38,070,000. Finally, Swedbank AB acquired a new stake in shares of Tractor Supply in the first quarter worth $34,262,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

About Tractor Supply

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.