Tractor Supply (NASDAQ:TSCO) Given Outperform Rating at Telsey Advisory Group

Tractor Supply (NASDAQ:TSCO)‘s stock had its “outperform” rating restated by analysts at Telsey Advisory Group in a research note issued to investors on Thursday, Benzinga reports. They currently have a $335.00 price objective on the specialty retailer’s stock. Telsey Advisory Group’s target price suggests a potential upside of 14.69% from the company’s current price.

Several other brokerages also recently issued reports on TSCO. Piper Sandler raised their price objective on shares of Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Benchmark reissued a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a report on Monday. Truist Financial upped their price objective on Tractor Supply from $293.00 to $325.00 and gave the company a “buy” rating in a research note on Monday, October 14th. UBS Group upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Robert W. Baird set a $320.00 price target on Tractor Supply in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply has a consensus rating of “Moderate Buy” and an average price target of $272.50.

Tractor Supply Trading Up 0.2 %

NASDAQ:TSCO opened at $292.09 on Thursday. The company has a market capitalization of $31.51 billion, a PE ratio of 28.17, a P/E/G ratio of 3.66 and a beta of 0.80. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $307.64. The stock’s 50 day moving average price is $281.82 and its 200 day moving average price is $272.88. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same period last year, the firm posted $3.83 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, research analysts anticipate that Tractor Supply will post 10.23 EPS for the current year.

Insider Activity at Tractor Supply

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the sale, the senior vice president now directly owns 5,170 shares in the company, valued at approximately $1,356,349.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the sale, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tractor Supply

Several hedge funds have recently modified their holdings of the stock. Future Financial Wealth Managment LLC purchased a new stake in Tractor Supply during the first quarter valued at about $26,000. LRI Investments LLC purchased a new stake in shares of Tractor Supply during the 1st quarter worth about $28,000. J.Safra Asset Management Corp increased its position in 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 purchasing an additional 98 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Tractor Supply by 60.9% in the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 42 shares during the period. Finally, OFI Invest Asset Management purchased a new position in Tractor Supply in the second quarter valued at about $33,000. 98.72% of the stock is owned by institutional investors and hedge funds.

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.