Tractor Supply (NASDAQ:TSCO) had its price target upped by Wells Fargo & Co from $115.00 to $125.00 in a research note published on Thursday, The Fly reports. They currently have an outperform rating on the specialty retailer’s stock.
Other equities research analysts also recently issued reports about the stock. Loop Capital boosted their price objective on shares of Tractor Supply to $106.00 and gave the stock a hold rating in a research note on Monday, April 15th. Zacks Investment Research downgraded shares of Hollysys Automation Technologies from a hold rating to a sell rating in a research note on Thursday, April 11th. Piper Jaffray Companies initiated coverage on shares of TowneBank in a research note on Tuesday, July 16th. They set a neutral rating and a $27.00 price objective for the company. 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 research note on Monday, April 22nd. Finally, Bank of America set a $7.00 price objective on shares of Deutsche Bank and gave the stock a sell rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $104.53.
TSCO opened at $112.47 on Thursday. 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 52-week low of $75.84 and a 52-week high of $114.25. The stock’s 50 day simple moving average is $108.15. The stock has a market capitalization of $13.57 billion, a P/E ratio of 26.10, a P/E/G ratio of 2.08 and a beta of 1.09.
In related news, SVP John P. Ordus sold 10,968 shares of the company’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $104.09, for a total value of $1,141,659.12. Following the sale, the senior vice president now directly owns 21,000 shares of the company’s stock, valued at $2,185,890. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Steve K. Barbarick sold 32,867 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $104.13, for a total transaction of $3,422,440.71. Following the completion of the sale, the chief operating officer now directly owns 46,894 shares in the company, valued at $4,883,072.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,943 shares of company stock worth $8,322,943. Corporate insiders own 1.50% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. United Services Automobile Association grew its position in shares of Tractor Supply by 27.5% during the fourth quarter. United Services Automobile Association now owns 59,786 shares of the specialty retailer’s stock valued at $4,989,000 after purchasing an additional 12,880 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Tractor Supply by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 849,559 shares of the specialty retailer’s stock valued at $70,888,000 after purchasing an additional 18,875 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Tractor Supply by 11.3% during the fourth quarter. Geode Capital Management LLC now owns 1,931,675 shares of the specialty retailer’s stock valued at $160,949,000 after purchasing an additional 195,817 shares in the last quarter. Weiss Multi Strategy Advisers LLC purchased a new position in shares of Tractor Supply during the fourth quarter valued at about $599,000. Finally, Two Sigma Investments LP purchased a new position in shares of Tractor Supply during the fourth quarter valued at about $712,000. 82.02% of the stock is currently owned by hedge funds and other institutional investors.
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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