Tractor Supply (TSCO) PT Raised to $115.00 at Barclays

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Tractor Supply (NASDAQ:TSCO) had its price objective increased by investment analysts at Barclays from $100.00 to $115.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the specialty retailer’s stock. Barclays‘s target price suggests a potential upside of 14.22% from the company’s current price.

A number of other brokerages have also commented on TSCO. Morgan Stanley boosted their price target on shares of Tractor Supply from $96.00 to $104.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Wedbush boosted their price target on shares of Tractor Supply from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Loop Capital boosted their price target on shares of Tractor Supply to $106.00 and gave the company a “hold” rating in a research note on Monday, April 15th. BidaskClub lowered shares of Tractor Supply from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $98.00 target price (up previously from $92.00) on shares of Tractor Supply in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $98.42.

TSCO stock traded down $0.36 during midday trading on Thursday, reaching $100.68. 1,070,065 shares of the company’s stock traded hands, compared to its average volume of 1,349,872. The firm has a market capitalization of $12.19 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. The company has a current ratio of 1.58, a quick ratio of 0.15 and a debt-to-equity ratio of 0.43. Tractor Supply has a 52 week low of $71.81 and a 52 week high of $107.98.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.07. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. Tractor Supply had a net margin of 6.68% and a return on equity of 36.16%. Tractor Supply’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS. On average, equities analysts predict that Tractor Supply will post 4.76 earnings per share for the current fiscal year.

In related news, COO Steve K. Barbarick sold 32,867 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $104.13, for a total transaction of $3,422,440.71. Following the completion of the transaction, the chief operating officer now owns 46,894 shares in the company, valued at $4,883,072.22. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gregory A. Sandfort sold 25,896 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $95.00, for a total transaction of $2,460,120.00. Following the transaction, the chief executive officer now owns 117,554 shares of the company’s stock, valued at approximately $11,167,630. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 375,062 shares of company stock valued at $37,903,170. 1.50% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc grew its position in Tractor Supply by 0.3% during the third quarter. Vanguard Group Inc now owns 12,358,247 shares of the specialty retailer’s stock valued at $1,123,118,000 after buying an additional 35,414 shares during the period. BlackRock Inc. grew its position in Tractor Supply by 2.8% during the first quarter. BlackRock Inc. now owns 9,346,711 shares of the specialty retailer’s stock valued at $913,734,000 after buying an additional 253,455 shares during the period. Oregon Public Employees Retirement Fund grew its position in Tractor Supply by 12,298.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,941,622 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 3,909,832 shares during the period. JPMorgan Chase & Co. grew its position in Tractor Supply by 73.0% during the third quarter. JPMorgan Chase & Co. now owns 2,339,567 shares of the specialty retailer’s stock valued at $212,619,000 after buying an additional 987,193 shares during the period. Finally, Geode Capital Management LLC grew its position in Tractor Supply by 11.3% during the fourth quarter. Geode Capital Management LLC now owns 1,931,675 shares of the specialty retailer’s stock valued at $160,949,000 after buying an additional 195,817 shares during the period. Institutional investors own 83.54% of the company’s stock.

About Tractor Supply

Tractor Supply Company operates rural lifestyle retail stores 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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