Wells Fargo & Company Increases Tractor Supply (NASDAQ:TSCO) Price Target to $325.00

Tractor Supply (NASDAQ:TSCO) had its price target raised by investment analysts at Wells Fargo & Company from $295.00 to $325.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 7.13% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Loop Capital lifted their price target on shares of Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Friday, September 6th. UBS Group upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Evercore ISI cut shares of Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 target price on the stock. in a research report on Thursday, October 3rd. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 target price on shares of Tractor Supply in a research report on Thursday, July 25th. Finally, Melius Research started coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They issued a “buy” rating and a $315.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Tractor Supply currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.00.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $303.37 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $275.68 and a two-hundred day moving average price of $270.61. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $305.99. The company has a market capitalization of $32.72 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 3.73 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, meeting the consensus estimate of $3.93. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.28 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $3.83 EPS. As a group, research analysts expect that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction, 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 disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of Tractor Supply

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Henrickson Nauta Wealth Advisors Inc. increased its stake in shares of Tractor Supply by 3.2% in the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock worth $328,000 after buying an additional 35 shares during the last quarter. Signature Wealth Management Group increased its stake in shares of Tractor Supply by 0.5% in the second quarter. Signature Wealth Management Group now owns 6,999 shares of the specialty retailer’s stock worth $1,890,000 after buying an additional 38 shares during the last quarter. X Square Capital LLC increased its stake in shares of Tractor Supply by 1.6% in the second quarter. X Square Capital LLC now owns 2,579 shares of the specialty retailer’s stock worth $696,000 after buying an additional 41 shares during the last quarter. Eads & Heald Wealth Management increased its stake in shares of Tractor Supply by 0.6% in the second quarter. Eads & Heald Wealth Management now owns 7,040 shares of the specialty retailer’s stock worth $1,901,000 after buying an additional 42 shares during the last quarter. Finally, Whittier Trust Co. increased its stake in Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

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.