Analysts Set Tractor Supply (NASDAQ:TSCO) PT at $251.25

Tractor Supply (NASDAQ:TSCO) has been given an average rating of “Moderate Buy” by the twenty-four research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $253.54.

A number of research analysts recently weighed in on the company. Barclays boosted their target price on Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Piper Sandler increased their price objective on shares of Tractor Supply from $265.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Guggenheim lifted their target price on shares of Tractor Supply from $210.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. The Goldman Sachs Group increased their price target on shares of Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Benchmark restated a “buy” rating and set a $256.00 price objective on shares of Tractor Supply in a report on Monday, April 22nd.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $270.21 on Friday. The firm has a market capitalization of $29.16 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 3.41 and a beta of 0.82. The company has a current ratio of 1.40, a quick ratio of 0.19 and a debt-to-equity ratio of 0.83. The firm’s fifty day moving average price is $255.80 and its two-hundred day moving average price is $229.15. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $279.38.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $3.40 billion. During the same period in the previous year, the business earned $1.65 EPS. Tractor Supply’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, research analysts anticipate that Tractor Supply will post 10.3 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 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 sale, the chief executive officer now owns 95,192 shares of the company’s stock, valued at approximately $22,173,072.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Kurt D. Barton sold 401 shares of the company’s stock in a transaction that occurred 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 completion of 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 filing with the SEC, which is available through the SEC website. Also, CEO Harry A. Lawton III sold 20,500 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the completion of the transaction, the chief executive officer now directly owns 95,192 shares of the company’s stock, valued at approximately $22,173,072.56. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock worth $21,201,877 over the last three months. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. SPC Financial Inc. grew its position in Tractor Supply by 74.4% during the 1st quarter. SPC Financial Inc. now owns 6,307 shares of the specialty retailer’s stock worth $1,651,000 after acquiring an additional 2,691 shares during the last quarter. 9258 Wealth Management LLC acquired a new stake in shares of Tractor Supply during the first quarter valued at about $239,000. Bancreek Capital Management LP boosted its stake in shares of Tractor Supply by 1.4% during the first quarter. Bancreek Capital Management LP now owns 27,656 shares of the specialty retailer’s stock valued at $7,238,000 after purchasing an additional 378 shares in the last quarter. Avidian Wealth Solutions LLC bought a new stake in shares of Tractor Supply during the first quarter worth about $211,000. Finally, Mediolanum International Funds Ltd acquired a new position in shares of Tractor Supply in the first quarter valued at approximately $17,995,000. 98.72% of the stock is currently 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.