Tractor Supply (NASDAQ:TSCO) had its price objective increased by investment analysts at Guggenheim from $180.00 to $200.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Guggenheim’s price target points to a potential upside of 11.37% from the company’s current price.
TSCO has been the topic of several other research reports. Raymond James upped their target price on Tractor Supply from $170.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Friday, January 29th. Telsey Advisory Group raised their target price on Tractor Supply from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, January 29th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on Tractor Supply in a report on Monday, March 15th. They set a “neutral” rating and a $158.00 price objective on the stock. Morgan Stanley raised their price objective on Tractor Supply from $155.00 to $156.00 and gave the company an “equal weight” rating in a report on Friday, January 29th. Finally, The Goldman Sachs Group raised their price objective on Tractor Supply from $170.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, February 25th. Eighteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $150.08.
NASDAQ:TSCO traded up $1.44 on Tuesday, reaching $179.58. The company’s stock had a trading volume of 38,477 shares, compared to its average volume of 1,267,084. Tractor Supply has a 1-year low of $86.43 and a 1-year high of $180.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 1.49. The firm has a market cap of $20.87 billion, a PE ratio of 27.79, a PEG ratio of 2.03 and a beta of 0.96. The business’s 50-day moving average price is $169.44 and its two-hundred day moving average price is $150.76.
In other Tractor Supply news, SVP Christi C. Korzekwa sold 3,585 shares of Tractor Supply stock in a transaction dated Wednesday, February 17th. The stock was sold at an average price of $165.00, for a total transaction of $591,525.00. Following the completion of the transaction, the senior vice president now owns 14,976 shares in the company, valued at approximately $2,471,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John P. Ordus sold 14,047 shares of Tractor Supply stock in a transaction dated Friday, January 15th. The shares were sold at an average price of $159.75, for a total value of $2,244,008.25. Following the transaction, the executive vice president now owns 9,584 shares of the company’s stock, valued at approximately $1,531,044. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC purchased a new position in shares of Tractor Supply in the 4th quarter worth approximately $29,000. Accel Wealth Management purchased a new position in shares of Tractor Supply in the 4th quarter worth approximately $31,000. Carroll Financial Associates Inc. boosted its stake in shares of Tractor Supply by 212.3% in the 1st quarter. Carroll Financial Associates Inc. now owns 228 shares of the specialty retailer’s stock worth $40,000 after buying an additional 155 shares during the last quarter. Jacobi Capital Management LLC boosted its stake in shares of Tractor Supply by 43.8% in the 4th quarter. Jacobi Capital Management LLC now owns 243 shares of the specialty retailer’s stock worth $34,000 after buying an additional 74 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of Tractor Supply by 124.3% in the 4th quarter. Arkadios Wealth Advisors now owns 249 shares of the specialty retailer’s stock worth $35,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 88.26% 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 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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