Tractor Supply (NASDAQ:TSCO – Get Free Report) had its price objective increased by stock analysts at Truist Financial from $230.00 to $256.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Truist Financial’s price objective indicates a potential upside of 9.90% from the company’s current price.
Several other analysts have also recently issued reports on the stock. Morgan Stanley restated an “underweight” rating and set a $195.00 target price on shares of Tractor Supply in a research report on Tuesday, January 16th. Barclays decreased their target price on shares of Tractor Supply from $224.00 to $212.00 and set an “equal weight” rating on the stock in a research report on Monday, October 23rd. Stephens lowered shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $226.00 to $240.00 in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Tractor Supply from $218.00 to $208.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 18th. Finally, Guggenheim increased their price objective on shares of Tractor Supply from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen 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 $237.40.
Check Out Our Latest Research Report on TSCO
Tractor Supply Stock Down 0.8 %
Shares of TSCO stock opened at $232.94 on Friday. The stock has a market cap of $25.18 billion, a P/E ratio of 23.09, a PEG ratio of 3.48 and a beta of 0.83. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $251.17. The company has a quick ratio of 0.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.82. The company’s fifty day simple moving average is $217.95 and its two-hundred day simple moving average is $212.31.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last announced its earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.06. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The business’s revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.43 EPS. Analysts predict that Tractor Supply will post 10.21 EPS for the current fiscal year.
Institutional Investors Weigh In On Tractor Supply
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Tractor Supply by 0.4% in the first quarter. Vanguard Group Inc. now owns 12,833,541 shares of the specialty retailer’s stock worth $2,994,964,000 after buying an additional 46,672 shares during the last quarter. BlackRock Inc. grew its position in Tractor Supply by 4.4% during the second quarter. BlackRock Inc. now owns 10,080,496 shares of the specialty retailer’s stock valued at $2,228,798,000 after buying an additional 429,199 shares during the period. State Street Corp grew its position in Tractor Supply by 2.4% during the second quarter. State Street Corp now owns 4,568,376 shares of the specialty retailer’s stock valued at $1,010,068,000 after buying an additional 108,622 shares during the period. Capital World Investors acquired a new stake in Tractor Supply during the second quarter valued at $773,292,000. Finally, Capital International Investors grew its position in Tractor Supply by 63.9% during the second quarter. Capital International Investors now owns 3,070,209 shares of the specialty retailer’s stock valued at $678,627,000 after buying an additional 1,197,419 shares during the period. 90.38% of the stock is currently owned by institutional investors and hedge funds.
About Tractor Supply
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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Source: defenseworld.net
