Piper Sandler Raises Tractor Supply (NASDAQ:TSCO) Price Target to $332.00

Tractor Supply (NASDAQ:TSCO) had its price objective upped by analysts at Piper Sandler from $300.00 to $332.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the specialty retailer’s stock. Piper Sandler’s price target points to a potential upside of 9.44% from the company’s current price.

Other research analysts have also issued research reports about the stock. Benchmark restated a “buy” rating and set a $280.00 price target on shares of Tractor Supply in a report on Monday, September 30th. Wedbush restated a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a report on Friday, July 26th. UBS Group upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Wells Fargo & Company boosted their price objective on Tractor Supply from $295.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Evercore ISI cut Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 target price for the company. in a research note on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $266.86.

Tractor Supply Trading Up 2.0 %

Shares of NASDAQ TSCO opened at $303.37 on Monday. The stock has a market cap of $32.71 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 3.73 and a beta of 0.80. The firm has a 50 day moving average price of $275.68 and a two-hundred day moving average price of $270.68. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.25 and a current ratio of 1.43. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $305.99.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.93. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. Tractor Supply’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $3.83 EPS. As a group, equities analysts forecast that Tractor Supply will post 10.23 EPS for the current year.

Insider Buying and Selling at Tractor Supply

In other news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Tractor Supply

Several large investors have recently made changes to their positions in TSCO. Creative Planning grew its position in Tractor Supply by 2.7% during the third quarter. Creative Planning now owns 32,004 shares of the specialty retailer’s stock valued at $9,311,000 after buying an additional 842 shares during the period. Fiduciary Alliance LLC bought a new stake in Tractor Supply in the third quarter worth about $555,000. Henrickson Nauta Wealth Advisors Inc. boosted its stake in Tractor Supply by 3.2% in the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,127 shares of the specialty retailer’s stock valued at $328,000 after acquiring an additional 35 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Tractor Supply by 24.1% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,893 shares of the specialty retailer’s stock valued at $842,000 after acquiring an additional 562 shares during the period. Finally, Smith Chas P & Associates PA Cpas purchased a new stake in shares of Tractor Supply during the 3rd quarter worth approximately $201,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

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.