Tractor Supply (NASDAQ:TSCO) PT Raised to $310.00

Tractor Supply (NASDAQ:TSCO) had its price target boosted by investment analysts at Benchmark from $280.00 to $310.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Benchmark’s target price would indicate a potential upside of 15.33% from the stock’s current price.

TSCO has been the subject of several other reports. Barclays increased their target price on Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Loop Capital raised their price objective on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Citigroup downgraded Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Wedbush restated a “neutral” rating and set a $270.00 price objective on shares of Tractor Supply in a research report on Friday, October 25th. Finally, UBS Group raised their price objective on Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $279.00.

Tractor Supply Price Performance

Tractor Supply stock opened at $268.80 on Monday. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $29.00 billion, a PE ratio of 26.15, a P/E/G ratio of 3.42 and a beta of 0.80. Tractor Supply has a 12 month low of $186.06 and a 12 month high of $307.64. The stock has a 50-day moving average price of $282.46 and a two-hundred day moving average price of $273.64.

Insider Activity at Tractor Supply

In related news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TSCO. Price T Rowe Associates Inc. MD boosted its position in Tractor Supply by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after purchasing an additional 368,859 shares during the last quarter. Marshall Wace LLP boosted its position in Tractor Supply by 2,921.4% in the second quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock worth $96,451,000 after purchasing an additional 345,402 shares during the last quarter. Clearbridge Investments LLC boosted its position in Tractor Supply by 11,952.8% in the first quarter. Clearbridge Investments LLC now owns 241,177 shares of the specialty retailer’s stock worth $63,121,000 after purchasing an additional 239,176 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Tractor Supply by 29,058.6% in the third quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock valued at $67,865,000 after buying an additional 232,469 shares during the period. Finally, Employees Retirement System of Texas bought a new stake in shares of Tractor Supply in the second quarter valued at $38,070,000. 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.