JPMorgan Chase & Co. Issues Positive Forecast for Tractor Supply (NASDAQ:TSCO) Stock Price

Tractor Supply (NASDAQ:TSCO - Get Free Report) had its price target lifted by stock analysts at JPMorgan Chase & Co. from $56.00 to $65.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the specialty retailer's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 14.88% from the stock's current price.

TSCO has been the topic of a number of other research reports. Mizuho lowered their price objective on Tractor Supply from $62.00 to $58.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Telsey Advisory Group reissued an "outperform" rating and set a $60.00 price target on shares of Tractor Supply in a research note on Friday. UBS Group set a $54.00 price target on Tractor Supply in a research note on Friday, April 25th. Robert W. Baird boosted their price target on Tractor Supply from $56.00 to $61.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Stephens assumed coverage on Tractor Supply in a research note on Wednesday, April 9th. They set an "equal weight" rating and a $56.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Tractor Supply has a consensus rating of "Moderate Buy" and an average target price of $58.65.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $56.58 on Monday. The stock has a market capitalization of $30.00 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 3.05 and a beta of 0.75. Tractor Supply has a 52-week low of $46.85 and a 52-week high of $61.53. The stock's 50-day moving average price is $52.61 and its 200 day moving average price is $53.19. The company has a quick ratio of 0.17, a current ratio of 1.41 and a debt-to-equity ratio of 0.94.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.55 billion. Tractor Supply had a net margin of 7.24% and a return on equity of 47.56%. The business's revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.83 EPS. As a group, equities research analysts forecast that Tractor Supply will post 2.17 EPS for the current year.

Insider Activity at Tractor Supply

In related news, Director Denise L. Jackson sold 2,000 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $57.75, for a total value of $115,500.00. Following the completion of the sale, the director directly owned 32,288 shares in the company, valued at approximately $1,864,632. This represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan S. Estep sold 35,825 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $56.00, for a total value of $2,006,200.00. Following the completion of the sale, the executive vice president owned 74,605 shares of the company's stock, valued at approximately $4,177,880. This represents a 32.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 104,445 shares of company stock worth $5,669,742. Corporate insiders own 0.65% of the company's stock.

Institutional Trading of Tractor Supply

Several large investors have recently added to or reduced their stakes in the stock. Coppell Advisory Solutions LLC grew its stake in shares of Tractor Supply by 944.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 425 shares in the last quarter. GW&K Investment Management LLC lifted its position in shares of Tractor Supply by 89.3% during the first quarter. GW&K Investment Management LLC now owns 479 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 226 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Tractor Supply by 400.0% during the fourth quarter. Whittier Trust Co. now owns 500 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 400 shares during the last quarter. Dunhill Financial LLC lifted its position in shares of Tractor Supply by 325.8% during the fourth quarter. Dunhill Financial LLC now owns 511 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 391 shares during the last quarter. Finally, Pacific Center for Financial Services lifted its position in shares of Tractor Supply by 400.0% during the fourth quarter. Pacific Center for Financial Services now owns 550 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 440 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.

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