Tractor Supply’s (TSCO) Neutral Rating Reiterated at Wedbush

Tractor Supply (NASDAQ:TSCO)‘s stock had its “neutral” rating restated by investment analysts at Wedbush in a research report issued on Tuesday, Benzinga reports. They currently have a $235.00 price target on the specialty retailer’s stock. Wedbush’s target price would indicate a potential downside of 7.25% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Telsey Advisory Group upped their price target on Tractor Supply from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday. UBS Group upped their price target on Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Truist Financial upped their price target on Tractor Supply from $256.00 to $277.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Raymond James lowered Tractor Supply from a “strong-buy” rating to an “outperform” rating and increased their target price for the stock from $230.00 to $250.00 in a research report on Friday, February 2nd. Finally, Barclays increased their target price on Tractor Supply from $192.00 to $234.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Tractor Supply currently has an average rating of “Hold” and an average price target of $241.65.

Tractor Supply Trading Up 0.2 %

NASDAQ TSCO opened at $253.38 on Tuesday. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $268.02. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.82. The stock has a 50-day moving average of $250.24 and a 200-day moving average of $225.24. The firm has a market cap of $27.35 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 3.80 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.06. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. Tractor Supply’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.43 EPS. As a group, sell-side analysts forecast that Tractor Supply will post 10.2 EPS for the current year.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CEO Harry A. Lawton III sold 20,500 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the sale, the chief executive officer now directly owns 95,192 shares in the company, valued at approximately $22,173,072.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Kurt D. Barton sold 401 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total value of $93,056.06. Following the transaction, the chief financial officer now directly owns 25,013 shares in the company, valued at approximately $5,804,516.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Harry A. Lawton III sold 20,500 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total value of $4,775,065.00. Following the completion of the transaction, the chief executive officer now owns 95,192 shares in the company, valued at $22,173,072.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,090 shares of company stock worth $21,201,877. Insiders own 0.58% of the company’s stock.

Hedge Funds Weigh In On Tractor Supply

A number of institutional investors and hedge funds have recently modified their holdings of TSCO. Wellington Management Group LLP boosted its stake in shares of Tractor Supply by 9,370.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,822,151 shares of the specialty retailer’s stock worth $573,038,000 after buying an additional 2,792,352 shares during the last quarter. Norges Bank purchased a new position in shares of Tractor Supply in the 4th quarter worth $260,560,000. Invesco Ltd. boosted its stake in shares of Tractor Supply by 76.7% in the 3rd quarter. Invesco Ltd. now owns 2,024,182 shares of the specialty retailer’s stock worth $411,010,000 after buying an additional 878,874 shares during the last quarter. Capital World Investors boosted its stake in shares of Tractor Supply by 10.0% in the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after buying an additional 531,170 shares during the last quarter. Finally, Capital International Investors boosted its stake in shares of Tractor Supply by 7.6% in the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock worth $1,340,589,000 after buying an additional 439,954 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

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.