Tractor Supply (NASDAQ:TSCO) Price Target Increased to $234.00 by Analysts at Barclays

Tractor Supply (NASDAQ:TSCO) had its price objective increased by Barclays from $192.00 to $234.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the specialty retailer’s stock. Barclays‘s price target suggests a potential downside of 5.41% from the stock’s current price.

A number of other brokerages have also issued reports on TSCO. Telsey Advisory Group raised their price target on Tractor Supply from $245.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. UBS Group lifted their target price on Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Morgan Stanley reaffirmed an “underweight” rating and set a $195.00 target price on shares of Tractor Supply in a research report on Tuesday, January 16th. The Goldman Sachs Group lifted their target price on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Truist Financial lifted their target price on Tractor Supply from $256.00 to $277.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Tractor Supply currently has an average rating of “Hold” and a consensus price target of $240.57.

Tractor Supply Trading Up 1.0 %

Shares of TSCO stock traded up $2.55 on Wednesday, reaching $247.39. 1,202,176 shares of the company’s stock were exchanged, compared to its average volume of 1,151,234. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $268.02. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $26.70 billion, a PE ratio of 24.52, a P/E/G ratio of 3.64 and a beta of 0.84. The company’s fifty day simple moving average is $248.95 and its 200 day simple moving average is $223.95.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.06. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the company earned $2.43 EPS. Tractor Supply’s quarterly revenue was down 8.6% compared to the same quarter last year. As a group, analysts forecast that Tractor Supply will post 10.19 EPS for the current year.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 401 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total transaction of $93,056.06. Following the transaction, the chief financial officer now directly owns 25,013 shares in the company, valued at approximately $5,804,516.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Kurt D. Barton sold 401 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $232.06, for a total transaction of $93,056.06. Following the transaction, the chief financial officer now directly owns 25,013 shares in the company, valued at approximately $5,804,516.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Harry A. Lawton III sold 20,500 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total value of $4,775,065.00. Following the transaction, the chief executive officer now owns 95,192 shares in the company, valued at $22,173,072.56. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock worth $21,201,877 in the last ninety days. 0.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. WCM Investment Management LLC acquired a new stake in Tractor Supply during the 4th quarter worth about $782,000. LPL Financial LLC lifted its position in Tractor Supply by 4.6% during the 3rd quarter. LPL Financial LLC now owns 113,873 shares of the specialty retailer’s stock worth $23,122,000 after acquiring an additional 5,014 shares during the period. Impax Asset Management Group plc lifted its position in Tractor Supply by 2,120.1% during the 4th quarter. Impax Asset Management Group plc now owns 121,817 shares of the specialty retailer’s stock worth $26,194,000 after acquiring an additional 116,330 shares during the period. Simon Quick Advisors LLC lifted its position in Tractor Supply by 21.1% during the 3rd quarter. Simon Quick Advisors LLC now owns 1,551 shares of the specialty retailer’s stock worth $315,000 after acquiring an additional 270 shares during the period. Finally, International Assets Investment Management LLC lifted its position in Tractor Supply by 32,987.5% during the 4th quarter. International Assets Investment Management LLC now owns 270,325 shares of the specialty retailer’s stock worth $58,128,000 after acquiring an additional 269,508 shares during the period. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

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.