Tractor Supply (NASDAQ:TSCO) Price Target Raised to $325.00

Tractor Supply (NASDAQ:TSCO) had its price objective increased by equities researchers at DA Davidson from $300.00 to $325.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. DA Davidson’s price objective indicates a potential upside of 18.76% from the stock’s current price. DA Davidson also issued estimates for Tractor Supply’s Q3 2024 earnings at $2.23 EPS, FY2024 earnings at $10.33 EPS and FY2025 earnings at $11.47 EPS.

A number of other analysts also recently commented on TSCO. Loop Capital increased their price target on Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Barclays increased their price target on shares of Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research report on Friday. Telsey Advisory Group reiterated an “outperform” rating and issued a $335.00 target price on shares of Tractor Supply in a research note on Thursday. Wells Fargo & Company lifted their price target on shares of Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Piper Sandler raised their target price on Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Tractor Supply presently has an average rating of “Moderate Buy” and a consensus target price of $275.74.

Tractor Supply Stock Down 0.2 %

NASDAQ TSCO traded down $0.64 on Friday, reaching $273.65. The company had a trading volume of 422,565 shares, compared to its average volume of 1,050,751. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. The company’s fifty day moving average is $282.05 and its 200 day moving average is $272.89. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $307.64. The stock has a market capitalization of $29.52 billion, a P/E ratio of 26.39, a P/E/G ratio of 3.66 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.49 billion. Sell-side analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the sale, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TSCO. Future Financial Wealth Managment LLC bought a new position in shares of Tractor Supply during the 1st quarter valued at $26,000. LRI Investments LLC bought a new position in Tractor Supply during the 1st quarter worth approximately $28,000. J.Safra Asset Management Corp boosted its stake in shares of Tractor Supply by 700.0% during the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 98 shares during the period. Whittier Trust Co. increased its stake in shares of Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in Tractor Supply during the 2nd quarter valued at $33,000. 98.72% of the stock is currently owned by institutional investors.

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.