Tractor Supply (NASDAQ:TSCO) Price Target Increased to $300.00 by Analysts at Piper Sandler

Tractor Supply (NASDAQ:TSCO - Get Free Report) had its price objective boosted by Piper Sandler from $265.00 to $300.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an "overweight" rating on the specialty retailer's stock. Piper Sandler's target price would indicate a potential upside of 7.96% from the company's current price.

Other equities analysts also recently issued research reports about the stock. Mizuho reiterated a "neutral" rating and issued a $250.00 target price (up previously from $245.00) on shares of Tractor Supply in a research note on Friday. Wedbush reiterated a "neutral" rating and issued a $235.00 target price on shares of Tractor Supply in a research note on Tuesday, April 23rd. TD Cowen lifted their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday. Wells Fargo & Company lifted their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an "overweight" rating in a research note on Monday, March 25th. Finally, Robert W. Baird lifted their target price on shares of Tractor Supply from $260.00 to $285.00 and gave the stock an "outperform" rating in a research note on Friday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $250.00.

Tractor Supply Stock Performance

TSCO stock traded up $3.98 during mid-day trading on Monday, hitting $277.88. The company had a trading volume of 1,066,173 shares, compared to its average volume of 1,171,144. The firm has a market cap of $29.99 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 3.47 and a beta of 0.84. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.19 and a current ratio of 1.40. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $278.16. The stock's fifty day moving average price is $253.27 and its two-hundred day moving average price is $227.47.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, topping the consensus estimate of $1.70 by $0.13. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The company's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 earnings per share. On average, analysts forecast that Tractor Supply will post 10.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Harry A. Lawton III sold 20,500 shares of the company'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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Kurt D. Barton sold 401 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $232.06, for a total transaction of $93,056.06. Following the sale, the chief financial officer now directly owns 25,013 shares of the company's stock, valued at approximately $5,804,516.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Harry A. Lawton III sold 20,500 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 95,192 shares in the company, valued at $22,173,072.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,090 shares of company stock worth $21,201,877. 0.58% of the stock is currently owned by corporate insiders.

Institutional Trading of Tractor Supply

Institutional investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new stake in Tractor Supply during the 1st quarter valued at about $26,000. Rise Advisors LLC lifted its stake in Tractor Supply by 157.1% during the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer's stock valued at $28,000 after acquiring an additional 66 shares during the period. Private Wealth Management Group LLC bought a new position in Tractor Supply during the 4th quarter valued at about $27,000. OFI Invest Asset Management bought a new position in Tractor Supply during the 3rd quarter valued at about $25,000. Finally, Pinnacle Bancorp Inc. bought a new position in Tractor Supply during the 4th quarter valued at about $28,000. 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.