Analysts Set Tractor Supply (NASDAQ:TSCO) Target Price at $58.90

Tractor Supply (NASDAQ:TSCO) has been given a consensus rating of “Moderate Buy” by the twenty-one research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $59.22.

TSCO has been the subject of a number of analyst reports. Mizuho lifted their price target on Tractor Supply from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Guggenheim reissued a “buy” rating and issued a $60.00 price target on shares of Tractor Supply in a research report on Friday, January 31st. Truist Financial reduced their target price on Tractor Supply from $63.00 to $60.00 and set a “buy” rating for the company in a report on Friday, January 31st. Barclays decreased their target price on Tractor Supply from $262.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Monday, December 30th. Finally, DA Davidson raised their price target on Tractor Supply from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, October 25th.

Tractor Supply Price Performance

Shares of TSCO opened at $53.06 on Friday. Tractor Supply has a 1 year low of $46.06 and a 1 year high of $61.53. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.43 and a quick ratio of 0.20. The business has a 50-day moving average of $55.03 and a 200-day moving average of $55.20. The company has a market capitalization of $28.33 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.28 by ($1.84). Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. As a group, equities research analysts anticipate that Tractor Supply will post 2.18 earnings per share for the current year.

Insider Activity

In other Tractor Supply news, CEO Harry A. Lawton III sold 88,095 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $54.59, for a total transaction of $4,809,106.05. Following the completion of the transaction, the chief executive officer now owns 488,852 shares of the company’s stock, valued at approximately $26,686,430.68. This trade represents a 15.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.58% of the company’s stock.

Institutional Trading of Tractor Supply

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Silvant Capital Management LLC raised its stake in shares of Tractor Supply by 20.9% in the third quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer’s stock worth $4,300,000 after purchasing an additional 2,556 shares during the last quarter. Blueshift Asset Management LLC raised its holdings in Tractor Supply by 32.7% in the 3rd quarter. Blueshift Asset Management LLC now owns 9,945 shares of the specialty retailer’s stock worth $2,893,000 after purchasing an additional 2,452 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Tractor Supply by 48.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,801 shares of the specialty retailer’s stock worth $2,851,000 after acquiring an additional 3,182 shares during the period. Mutual of America Capital Management LLC lifted its position in shares of Tractor Supply by 16.5% in the third quarter. Mutual of America Capital Management LLC now owns 27,336 shares of the specialty retailer’s stock valued at $7,953,000 after acquiring an additional 3,863 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Tractor Supply by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 631,406 shares of the specialty retailer’s stock worth $183,695,000 after purchasing an additional 8,142 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

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.