UBS Group Increases Tractor Supply (NASDAQ:TSCO) Price Target to $280.00

Tractor Supply (NASDAQ:TSCO) had its price objective increased by research analysts at UBS Group from $272.00 to $280.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. UBS Group’s price objective would indicate a potential upside of 2.65% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Barclays raised their price target on Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a report on Friday. Loop Capital raised their target price on shares of Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Truist Financial dropped their price target on shares of Tractor Supply from $325.00 to $317.00 and set a “buy” rating for the company in a research note on Friday. Benchmark reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Tractor Supply in a research note on Monday, October 21st. Finally, Melius Research started coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They set a “buy” rating and a $315.00 target price for the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Tractor Supply currently has a consensus rating of “Hold” and a consensus price target of $277.70.

Tractor Supply Trading Down 0.6 %

Shares of NASDAQ TSCO opened at $272.77 on Friday. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $307.64. 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 company has a 50-day moving average of $282.24 and a two-hundred day moving average of $273.19. The company has a market cap of $29.41 billion, a PE ratio of 26.56, a P/E/G ratio of 3.66 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.01. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. As a group, equities analysts expect that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Insider Activity at Tractor Supply

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

Hedge Funds Weigh In On Tractor Supply

A number of large investors have recently modified their holdings of TSCO. Brookstone Capital Management raised its holdings in Tractor Supply by 20.1% during the first quarter. Brookstone Capital Management now owns 1,776 shares of the specialty retailer’s stock worth $465,000 after acquiring an additional 297 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Tractor Supply during the 1st quarter worth approximately $26,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Tractor Supply in the 1st quarter valued at approximately $332,000. Hennessy Advisors Inc. acquired a new position in Tractor Supply during the first quarter worth $3,245,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Tractor Supply during the first quarter worth $257,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.