Tractor Supply (NASDAQ:TSCO) PT Raised to $200.00 at Guggenheim


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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.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, January 27th. The specialty retailer reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.13. The company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Tractor Supply had a return on equity of 46.65% and a net margin of 7.62%. Tractor Supply’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 earnings per share. As a group, sell-side analysts expect that Tractor Supply will post 6.69 EPS for the current year.

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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Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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