Wedbush Reaffirms Neutral Rating for Tractor Supply (NASDAQ:TSCO)

Tractor Supply (NASDAQ:TSCO)‘s stock had its “neutral” rating reissued by research analysts at Wedbush in a research report issued on Friday, Benzinga reports. They presently have a $270.00 price objective on the specialty retailer’s stock. Wedbush’s price objective would indicate a potential upside of 1.86% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Raymond James raised their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Robert W. Baird lifted their target price on Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Wells Fargo & Company lifted their target price on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday. TD Cowen lifted their target price on Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Tractor Supply in a report on Thursday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Tractor Supply currently has an average rating of “Hold” and an average price target of $256.00.

Tractor Supply Trading Up 3.0 %

Shares of TSCO stock traded up $7.62 during mid-day trading on Friday, reaching $265.06. 331,474 shares of the stock traded hands, compared to its average volume of 1,150,336. The stock’s fifty day simple moving average is $273.95 and its two-hundred day simple moving average is $256.96. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $290.38. The company has a market cap of $28.58 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 3.42 and a beta of 0.81. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.94 by ($0.01). Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter last year, the business earned $3.83 earnings per share. Tractor Supply’s revenue was up 1.6% compared to the same quarter last year. On average, research analysts anticipate that Tractor Supply will post 10.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TSCO. Future Financial Wealth Managment LLC bought a new position in shares of Tractor Supply during the 1st quarter worth $26,000. LRI Investments LLC bought a new position in shares of Tractor Supply during the 1st quarter worth $28,000. Rise Advisors LLC grew its stake in shares of Tractor Supply by 157.1% during the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 66 shares during the period. J.Safra Asset Management Corp grew its stake in shares of Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 98 shares during the period. Finally, Private Wealth Management Group LLC bought a new position in shares of Tractor Supply during the 4th quarter worth $27,000. Institutional investors own 98.72% of the company’s stock.

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.