Evercore ISI Increases Tractor Supply (NASDAQ:TSCO) Price Target to $295.00

Tractor Supply (NASDAQ:TSCO) had its target price hoisted by analysts at Evercore ISI from $290.00 to $295.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the specialty retailer’s stock. Evercore ISI’s target price would indicate a potential upside of 4.77% from the stock’s previous close.

A number of other analysts have also issued reports on TSCO. Mizuho reiterated a “neutral” rating and issued a $250.00 price target (up previously from $245.00) on shares of Tractor Supply in a report on Friday, April 26th. Barclays upped their target price on Tractor Supply from $234.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. TD Cowen upped 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. Morgan Stanley upped their target price on Tractor Supply from $195.00 to $235.00 and gave the stock an “underweight” rating in a report on Friday, April 26th. Finally, Telsey Advisory Group upped their target price on Tractor Supply from $280.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $254.17.

Tractor Supply Stock Up 0.5 %

Shares of NASDAQ TSCO opened at $281.56 on Thursday. 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 firm has a market capitalization of $30.35 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 3.77 and a beta of 0.83. The stock has a 50 day moving average price of $271.93 and a 200 day moving average price of $247.66. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $290.38.

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 analysts’ consensus estimates of $1.70 by $0.13. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. Tractor Supply’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.65 earnings per share. Sell-side analysts expect that Tractor Supply will post 10.34 earnings per share for the current year.

Institutional Investors Weigh In On Tractor Supply

Several hedge funds have recently modified their holdings of the company. Citizens National Bank Trust Department boosted its stake in shares of Tractor Supply by 0.5% during the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock worth $2,086,000 after acquiring an additional 45 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of Tractor Supply by 10.9% during the 1st quarter. Lindbrook Capital LLC now owns 459 shares of the specialty retailer’s stock worth $120,000 after acquiring an additional 45 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Tractor Supply by 3.6% during the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock worth $331,000 after acquiring an additional 45 shares in the last quarter. Wahed Invest LLC boosted its stake in shares of Tractor Supply by 2.8% during the 4th quarter. Wahed Invest LLC now owns 1,783 shares of the specialty retailer’s stock worth $383,000 after acquiring an additional 49 shares in the last quarter. Finally, Fidelis Capital Partners LLC boosted its stake in shares of Tractor Supply by 5.0% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock worth $240,000 after acquiring an additional 53 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other 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.