Tractor Supply (NASDAQ:TSCO) PT Raised to $280.00 at Evercore ISI

Tractor Supply (NASDAQ:TSCO) had its price target lifted by analysts at Evercore ISI from $275.00 to $280.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Evercore ISI’s target price would indicate a potential upside of 2.23% from the company’s previous close.

A number of other equities research analysts also recently weighed in on TSCO. Barclays boosted their price target on shares of Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday. Robert W. Baird boosted their price target on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday. Telsey Advisory Group reissued an “outperform” rating and set a $275.00 price target on shares of Tractor Supply in a research note on Thursday. Truist Financial boosted their price target on shares of Tractor Supply from $277.00 to $289.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company boosted their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Tractor Supply currently has a consensus rating of “Hold” and a consensus price target of $248.17.

Tractor Supply Trading Up 3.3 %

Shares of NASDAQ TSCO opened at $273.90 on Friday. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $274.66. The company has a market cap of $29.56 billion, a PE ratio of 26.67, a P/E/G ratio of 3.97 and a beta of 0.84. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average of $252.44 and a two-hundred day moving average of $226.74.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. As a group, equities analysts expect that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 401 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the sale, the chief financial officer now directly owns 25,013 shares of the company’s stock, valued at $5,804,516.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the sale, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at $5,314,246. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kurt D. Barton sold 401 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total transaction of $93,056.06. Following the sale, the chief financial officer now directly owns 25,013 shares in the company, valued at $5,804,516.78. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock valued at $21,201,877 over the last 90 days. 0.24% of the stock is owned by corporate insiders.

Institutional Trading of Tractor Supply

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of Tractor Supply by 9,370.6% during 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 acquired a new stake in shares of Tractor Supply during the 4th quarter worth about $260,560,000. Invesco Ltd. lifted its stake in shares of Tractor Supply by 76.7% during 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 lifted its stake 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 worth $1,257,751,000 after buying an additional 531,170 shares during the last quarter. Finally, Capital International Investors lifted its stake 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 worth $1,340,589,000 after buying an additional 439,954 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

About Tractor Supply

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.