Benchmark Reiterates Buy Rating for Tractor Supply (NASDAQ:TSCO)

Tractor Supply (NASDAQ:TSCO)‘s stock had its “buy” rating reaffirmed by Benchmark in a research note issued on Monday, Benzinga reports. They presently have a $256.00 price objective on the specialty retailer’s stock. Benchmark’s target price would indicate a potential upside of 0.02% from the stock’s current price.

A number of other analysts also recently commented on the company. UBS Group upped their price objective on Tractor Supply from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Stephens downgraded Tractor Supply from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $226.00 to $240.00 in a report on Tuesday, January 23rd. Truist Financial upped their price target on shares of Tractor Supply from $256.00 to $277.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Wedbush upped their price target on shares of Tractor Supply from $200.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Finally, Barclays upped their price target on shares of Tractor Supply from $192.00 to $234.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Tractor Supply currently has a consensus rating of “Hold” and an average target price of $241.65.

Tractor Supply Trading Up 1.0 %

Shares of TSCO opened at $255.96 on Monday. The stock has a fifty day moving average of $250.69 and a two-hundred day moving average of $225.60. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.28 and a current ratio of 1.50. The company has a market capitalization of $27.63 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 3.80 and a beta of 0.84. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $268.02.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.06. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. Tractor Supply’s revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.43 EPS. As a group, analysts forecast that Tractor Supply will post 10.2 EPS for the current year.

Insider Buying and Selling

In related news, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the sale, the executive vice president now owns 22,167 shares in the company, valued at $5,147,842.41. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Tractor Supply news, EVP Robert D. Mills sold 48,334 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total value of $11,224,604.82. Following the sale, the executive vice president now owns 22,167 shares in the company, valued at $5,147,842.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Harry A. Lawton III sold 20,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the completion of the sale, the chief executive officer now owns 95,192 shares in the company, valued at approximately $22,173,072.56. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock worth $21,201,877 over the last quarter. 0.58% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tractor Supply

Several large investors have recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in shares of Tractor Supply in the first quarter valued at approximately $26,000. Rise Advisors LLC boosted its holdings in shares of Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 66 shares in the last quarter. Private Wealth Management Group LLC bought a new position in shares of Tractor Supply in the fourth quarter valued at approximately $27,000. OFI Invest Asset Management bought a new position in shares of Tractor Supply in the third quarter valued at approximately $25,000. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Tractor Supply in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds 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.