Shares of Tractor Supply (NASDAQ:TSCO) have earned a consensus recommendation of “Buy” from the twenty-five ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $96.19.
Several equities analysts recently issued reports on TSCO shares. Credit Suisse Group reissued a “hold” rating and set a $85.00 price objective on shares of Tractor Supply in a report on Tuesday, January 29th. BidaskClub lowered shares of Tractor Supply from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. Wells Fargo & Co lifted their price objective on shares of Tractor Supply from $102.00 to $108.00 and gave the company an “outperform” rating in a report on Thursday, February 14th. Bank of America reissued a “neutral” rating and set a $90.00 price objective (down from $95.00) on shares of Tractor Supply in a report on Wednesday, January 9th. Finally, Zacks Investment Research upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research note on Wednesday, December 19th.
TSCO stock traded up $0.40 during trading on Wednesday, hitting $104.65. 83,885 shares of the company’s stock traded hands, compared to its average volume of 1,306,397. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.95 and a beta of 1.10. The company has a quick ratio of 0.22, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. Tractor Supply has a 1 year low of $58.27 and a 1 year high of $104.74.
In other news, Director Edna Morris sold 4,174 shares of Tractor Supply stock in a transaction on Friday, February 15th. The shares were sold at an average price of $96.07, for a total transaction of $400,996.18. Following the completion of the sale, the director now directly owns 1,916 shares in the company, valued at $184,070.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory A. Sandfort sold 25,896 shares of Tractor Supply stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $95.00, for a total transaction of $2,460,120.00. Following the sale, the chief executive officer now owns 117,554 shares of the company’s stock, valued at $11,167,630. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 271,702 shares of company stock valued at $27,041,691. 1.50% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of TSCO. JPMorgan Chase & Co. lifted its stake in shares of Tractor Supply by 73.0% during the third quarter. JPMorgan Chase & Co. now owns 2,339,567 shares of the specialty retailer’s stock worth $212,619,000 after buying an additional 987,193 shares during the period. Panagora Asset Management Inc. lifted its position in Tractor Supply by 51.9% during the third quarter. Panagora Asset Management Inc. now owns 13,905 shares of the specialty retailer’s stock valued at $1,264,000 after purchasing an additional 4,750 shares during the period. Dimensional Fund Advisors LP lifted its position in Tractor Supply by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 830,684 shares of the specialty retailer’s stock valued at $75,493,000 after purchasing an additional 27,975 shares during the period. Brown Advisory Inc. acquired a new position in Tractor Supply during the third quarter valued at $205,000. Finally, Franklin Resources Inc. lifted its position in Tractor Supply by 1.7% during the third quarter. Franklin Resources Inc. now owns 320,992 shares of the specialty retailer’s stock valued at $29,171,000 after purchasing an additional 5,229 shares during the period. Institutional investors and hedge funds own 82.23% of the company’s stock.
Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores 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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