Barclays Boosts Tractor Supply (NASDAQ:TSCO) Price Target to $234.00

Tractor Supply (NASDAQ:TSCO - Get Free Report) had its price target increased by stock analysts at Barclays from $192.00 to $234.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an "equal weight" rating on the specialty retailer's stock. Barclays's price target indicates a potential downside of 5.41% from the stock's current price.

A number of other brokerages have also commented on TSCO. Benchmark reissued a "buy" rating and issued a $256.00 price target on shares of Tractor Supply in a report on Wednesday, April 3rd. Evercore ISI decreased their price target on shares of Tractor Supply from $280.00 to $275.00 and set an "outperform" rating on the stock in a report on Tuesday. Telsey Advisory Group upped their price objective on shares of Tractor Supply from $245.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. Mizuho started coverage on shares of Tractor Supply in a research note on Tuesday, March 19th. They issued a "neutral" rating and a $245.00 price objective for the company. Finally, Guggenheim upped their price objective on shares of Tractor Supply from $210.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $240.57.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO traded up $2.55 during trading on Wednesday, reaching $247.39. The company had a trading volume of 1,203,069 shares, compared to its average volume of 1,156,214. The company has a fifty day moving average of $249.23 and a two-hundred day moving average of $224.12. The stock has a market capitalization of $26.70 billion, a P/E ratio of 24.52, a price-to-earnings-growth ratio of 3.64 and a beta of 0.84. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $268.02. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.82.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, topping analysts' consensus estimates of $2.22 by $0.06. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The business's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.43 EPS. Equities research analysts forecast that Tractor Supply will post 10.19 earnings per share for the current year.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 4,335 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the sale, the chief financial officer now directly owns 20,678 shares of the company's stock, valued at approximately $5,314,246. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Harry A. Lawton III sold 20,500 shares of the firm's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $232.93, for a total value of $4,775,065.00. Following the completion of the sale, the chief executive officer now directly owns 95,192 shares of the company's stock, valued at approximately $22,173,072.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 completion of the sale, the chief financial officer now directly owns 20,678 shares of the company's stock, valued at $5,314,246. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,090 shares of company stock valued at $21,201,877. Company insiders own 0.58% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Citizens National Bank Trust Department increased its stake in shares of Tractor Supply by 0.5% in the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer's stock worth $2,086,000 after acquiring an additional 45 shares in the last quarter. Wedmont Private Capital increased its stake in shares of Tractor Supply by 3.6% in the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer's stock worth $331,000 after acquiring an additional 45 shares in the last quarter. Wahed Invest LLC increased its stake in shares of Tractor Supply by 2.8% in the 4th quarter. Wahed Invest LLC now owns 1,783 shares of the specialty retailer's stock worth $383,000 after acquiring an additional 49 shares in the last quarter. Heartland Bank & Trust Co increased its stake in shares of Tractor Supply by 1.7% in the 3rd quarter. Heartland Bank & Trust Co now owns 3,038 shares of the specialty retailer's stock worth $617,000 after acquiring an additional 52 shares in the last quarter. Finally, Allen Capital Group LLC increased its stake in shares of Tractor Supply by 0.6% in the 3rd quarter. Allen Capital Group LLC now owns 8,869 shares of the specialty retailer's stock worth $1,805,000 after acquiring an additional 53 shares in the last quarter. 98.72% of the stock is currently owned by 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.