Tractor Supply (NASDAQ:TSCO) Price Target Increased to $275.00 by Analysts at Telsey Advisory Group

Tractor Supply (NASDAQ:TSCO) had its price objective lifted by stock analysts at Telsey Advisory Group from $250.00 to $275.00 in a research note issued to investors on Friday, MarketBeat reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 11.18% from the company’s previous close.

Several other equities analysts have also weighed in on TSCO. Guggenheim increased their target price on Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. The Goldman Sachs Group increased their target price on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Evercore ISI cut their target price on Tractor Supply from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Tuesday. Truist Financial increased their target price on Tractor Supply from $256.00 to $277.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Finally, Wells Fargo & Company raised their price target on Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $241.65.

Tractor Supply Price Performance

Tractor Supply stock opened at $247.35 on Friday. The business’s 50-day simple moving average is $249.54 and its 200 day simple moving average is $224.28. The stock has a market cap of $26.70 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 3.72 and a beta of 0.84. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $268.02. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.06. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.43 earnings per share. As a group, research analysts anticipate that Tractor Supply will post 10.19 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the transaction, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the transaction, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at approximately $5,314,246. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert D. Mills sold 48,334 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total value of $11,224,604.82. Following the completion of the transaction, the executive vice president now directly owns 22,167 shares in the company, valued at $5,147,842.41. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,090 shares of company stock valued at $21,201,877. 0.24% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Tractor Supply by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 12,833,541 shares of the specialty retailer’s stock valued at $2,994,964,000 after acquiring an additional 46,672 shares during the period. Capital International Investors lifted its position in shares of Tractor Supply by 7.6% during the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock valued at $1,340,589,000 after acquiring an additional 439,954 shares during the period. Capital World Investors lifted its position in shares of Tractor Supply by 10.0% during the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock valued at $1,257,751,000 after acquiring an additional 531,170 shares during the period. Wellington Management Group LLP lifted its position in shares of Tractor Supply by 63.2% during the 4th quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock valued at $990,526,000 after acquiring an additional 1,784,304 shares during the period. Finally, State Street Corp lifted its position in shares of Tractor Supply by 0.8% during the 1st quarter. State Street Corp now owns 4,459,754 shares of the specialty retailer’s stock valued at $1,048,209,000 after acquiring an additional 34,281 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Company Profile

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.