Tractor Supply (NASDAQ:TSCO) Price Target Raised to $62.00 at Mizuho

Tractor Supply (NASDAQ:TSCO) had its price objective upped by equities research analysts at Mizuho from $60.00 to $62.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the specialty retailer’s stock. Mizuho’s price target would suggest a potential upside of 7.88% from the company’s previous close.

Several other analysts have also commented on TSCO. Loop Capital lifted their price objective on shares of Tractor Supply from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Thursday, December 12th. Evercore ISI raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Truist Financial lowered their price objective on shares of Tractor Supply from $65.00 to $63.40 and set a “buy” rating on the stock in a research report on Friday, October 25th. Barclays lowered their price objective on shares of Tractor Supply from $262.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Monday, December 30th. Finally, Gordon Haskett lowered shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Tractor Supply presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.10.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $57.47 on Thursday. The firm has a market cap of $30.70 billion, a price-to-earnings ratio of 27.95, a P/E/G ratio of 3.27 and a beta of 0.84. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. Tractor Supply has a 52 week low of $44.35 and a 52 week high of $61.53. The firm’s 50-day simple moving average is $55.02 and its two-hundred day simple moving average is $55.06.

Hedge Funds Weigh In On Tractor Supply

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC purchased a new position in Tractor Supply in the 3rd quarter worth approximately $29,000. First Personal Financial Services purchased a new position in Tractor Supply in the 3rd quarter worth approximately $29,000. Providence Capital Advisors LLC purchased a new position in Tractor Supply in the 3rd quarter worth approximately $32,000. DT Investment Partners LLC grew its stake in Tractor Supply by 120.0% in the 3rd quarter. DT Investment Partners LLC now owns 132 shares of the specialty retailer’s stock worth $38,000 after buying an additional 72 shares in the last quarter. Finally, Assetmark Inc. grew its stake in Tractor Supply by 2,383.3% in the 3rd quarter. Assetmark Inc. now owns 149 shares of the specialty retailer’s stock worth $43,000 after buying an additional 143 shares in the last quarter. Hedge funds and other 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.