Goldman Sachs Group started coverage on shares of Tractor Supply (NASDAQ:TSCO) in a research note released on Thursday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $122.00 target price on the specialty retailer’s stock.
A number of other analysts have also recently weighed in on the stock. Gordon Haskett raised shares of Darden Restaurants from an underperform rating to a hold rating in a research report on Thursday, March 21st. Telsey Advisory Group boosted their price objective on shares of Tractor Supply from $92.00 to $98.00 and gave the stock a market perform rating in a report on Monday, April 22nd. BidaskClub lowered shares of Amyris from a hold rating to a sell rating in a report on Thursday, June 27th. Wedbush reiterated a hold rating and issued a $1.00 price objective on shares of Regulus Therapeutics in a report on Thursday, May 16th. Finally, Zacks Investment Research lowered shares of Hollysys Automation Technologies from a hold rating to a sell rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the stock. Tractor Supply has an average rating of Hold and an average target price of $101.72.
Shares of Tractor Supply stock opened at $112.97 on Thursday. The business’s fifty day simple moving average is $106.53. The company has a current ratio of 1.58, a quick ratio of 0.15 and a debt-to-equity ratio of 0.43. Tractor Supply has a twelve month low of $75.84 and a twelve month high of $113.54. The stock has a market cap of $13.63 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 2.09 and a beta of 1.09.
In other news, CEO Gregory A. Sandfort sold 74,667 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $105.00, for a total value of $7,840,035.00. Following the sale, the chief executive officer now owns 166,325 shares in the company, valued at approximately $17,464,125. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Steve K. Barbarick sold 36,108 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $104.10, for a total transaction of $3,758,842.80. Following the completion of the sale, the chief operating officer now owns 60,258 shares in the company, valued at approximately $6,272,857.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,610 shares of company stock worth $16,162,978. Company insiders own 1.50% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Icon Wealth Partners LLC acquired a new stake in shares of Tractor Supply in the 1st quarter valued at about $27,000. Liberty Wealth Management LLC acquired a new stake in shares of Tractor Supply in the 4th quarter valued at about $31,000. Psagot Investment House Ltd. acquired a new stake in shares of Tractor Supply in the 4th quarter valued at about $35,000. Lindbrook Capital LLC raised its stake in Tractor Supply by 79.7% during the first quarter. Lindbrook Capital LLC now owns 451 shares of the specialty retailer’s stock worth $44,000 after acquiring an additional 200 shares during the period. Finally, Pinnacle Financial Partners Inc. acquired a new stake in Tractor Supply during the first quarter worth about $49,000. Institutional investors and hedge funds own 81.89% of the company’s stock.
About Tractor Supply
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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