Tractor Supply (NASDAQ:TSCO) PT Lowered to $290.00

Tractor Supply (NASDAQ:TSCO) had its target price cut by equities research analysts at Evercore ISI from $295.00 to $290.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the specialty retailer’s stock. Evercore ISI’s target price indicates a potential upside of 8.94% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Barclays boosted their price target on shares of Tractor Supply from $234.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Wells Fargo & Company upped their price objective on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Mizuho restated a “neutral” rating and issued a $250.00 price objective (up previously from $245.00) on shares of Tractor Supply in a report on Friday, April 26th. Telsey Advisory Group upped their price objective on shares of Tractor Supply from $280.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, Piper Sandler upped their price objective on shares of Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $253.96.

Tractor Supply Trading Down 0.6 %

Shares of NASDAQ TSCO traded down $1.54 during midday trading on Tuesday, hitting $266.20. 117,392 shares of the company traded hands, compared to its average volume of 1,154,794. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $290.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. The stock has a 50-day moving average price of $275.20 and a 200 day moving average price of $250.94. The firm has a market cap of $28.70 billion, a P/E ratio of 25.92, a P/E/G ratio of 3.51 and a beta of 0.81.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $3.40 billion. During the same quarter in the previous year, the company earned $1.65 earnings per share. Tractor Supply’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, analysts expect that Tractor Supply will post 10.34 earnings per share for the current year.

Institutional Trading of Tractor Supply

Institutional investors and hedge funds have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply in the 1st quarter valued at $26,000. Private Wealth Management Group LLC purchased a new position in shares of Tractor Supply in the 4th quarter worth $27,000. Pinnacle Bancorp Inc. purchased a new position in shares of Tractor Supply in the 4th quarter worth $28,000. Rise Advisors LLC grew its stake in shares of Tractor Supply by 157.1% in the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after buying an additional 66 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in shares of Tractor Supply in the 1st quarter worth $28,000. 98.72% of the stock is currently owned by 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.