Tractor Supply (NASDAQ:TSCO) Rating Reiterated by Mizuho

Tractor Supply (NASDAQ:TSCO)‘s stock had its “neutral” rating reaffirmed by Mizuho in a report issued on Friday, Benzinga reports. They presently have a $250.00 price objective on the specialty retailer’s stock, up from their previous price objective of $245.00. Mizuho’s price target indicates a potential downside of 8.73% from the stock’s current price.

A number of other research firms have also commented on TSCO. The Goldman Sachs Group lifted their target price on Tractor Supply from $230.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Wedbush reissued a “neutral” rating and issued a $235.00 target price on shares of Tractor Supply in a report on Tuesday, April 23rd. Robert W. Baird lifted their target price on Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday. Truist Financial lifted their target price on Tractor Supply from $256.00 to $277.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Finally, Benchmark reissued a “buy” rating and issued a $256.00 target price on shares of Tractor Supply in a report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Tractor Supply currently has a consensus rating of “Hold” and an average target price of $248.17.

Tractor Supply Stock Up 3.3 %

TSCO stock opened at $273.90 on Friday. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $274.66. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The firm has a market cap of $29.56 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 3.97 and a beta of 0.84. The business has a 50 day moving average of $252.44 and a 200 day moving average of $226.74.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the company earned $1.65 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, research analysts forecast that Tractor Supply will post 10.23 EPS for the current fiscal year.

Insider Activity at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the sale, the chief financial officer now directly owns 20,678 shares of the company’s stock, valued at $5,314,246. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $232.93, for a total value of $4,775,065.00. Following the sale, the chief executive officer now directly owns 95,192 shares of the company’s stock, valued at $22,173,072.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.00, for a total value of $1,114,095.00. Following the sale, the chief financial officer now directly owns 20,678 shares in the company, valued at $5,314,246. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,090 shares of company stock worth $21,201,877. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Tractor Supply

Large investors have recently added to or reduced their stakes in the stock. OFI Invest Asset Management bought a new stake in Tractor Supply during the third quarter worth approximately $25,000. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply during the first quarter worth approximately $26,000. Private Wealth Management Group LLC bought a new stake in Tractor Supply during the fourth quarter worth approximately $27,000. Pinnacle Bancorp Inc. purchased a new position in shares of Tractor Supply during the fourth quarter valued at approximately $28,000. Finally, Rise Advisors LLC boosted its position in shares of Tractor Supply by 157.1% during the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 66 shares during the period. 98.72% of the stock is owned by institutional investors.

About Tractor Supply

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.