Tractor Supply (NASDAQ:TSCO) Price Target Raised to $305.00 at Telsey Advisory Group

Tractor Supply (NASDAQ:TSCO - Get Free Report) had its price objective hoisted by research analysts at Telsey Advisory Group from $280.00 to $305.00 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm presently has an "outperform" rating on the specialty retailer's stock. Telsey Advisory Group's price objective would indicate a potential upside of 12.48% from the company's previous close. Telsey Advisory Group also issued estimates for Tractor Supply's Q2 2024 earnings at $3.93 EPS, Q3 2024 earnings at $2.25 EPS, Q4 2024 earnings at $2.39 EPS, FY2024 earnings at $10.40 EPS, Q1 2025 earnings at $1.99 EPS, Q2 2025 earnings at $4.33 EPS, Q3 2025 earnings at $2.49 EPS and FY2025 earnings at $11.43 EPS.

A number of other equities analysts have also recently issued reports on TSCO. Benchmark reissued a "buy" rating and issued a $256.00 target price on shares of Tractor Supply in a report on Monday, April 22nd. TD Cowen increased their target price on Tractor Supply from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, April 26th. Wedbush reissued a "neutral" rating and issued a $235.00 target price on shares of Tractor Supply in a report on Tuesday, April 23rd. Morgan Stanley increased their target price on Tractor Supply from $195.00 to $235.00 and gave the stock an "underweight" rating in a report on Friday, April 26th. Finally, Robert W. Baird increased their target price on Tractor Supply from $260.00 to $285.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Tractor Supply has an average rating of "Hold" and a consensus target price of $251.25.

Tractor Supply Stock Performance

Tractor Supply stock traded down $1.91 during trading hours on Wednesday, hitting $271.17. The stock had a trading volume of 1,493,550 shares, compared to its average volume of 1,172,555. The company has a 50-day moving average of $254.00 and a two-hundred day moving average of $227.98. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The company has a market cap of $29.27 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 3.51 and a beta of 0.84. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $279.38.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 EPS for the quarter, beating the consensus estimate of $1.70 by $0.13. The firm had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $3.40 billion. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The company's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.65 EPS. On average, equities research analysts anticipate that Tractor Supply will post 10.3 EPS for the current fiscal 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 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 transaction, the chief financial officer now directly owns 20,678 shares in the company, valued at approximately $5,314,246. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Kurt D. Barton sold 4,335 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now directly owns 20,678 shares in the company, valued at approximately $5,314,246. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Colin Yankee sold 8,675 shares of Tractor Supply stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $250.00, for a total value of $2,168,750.00. Following the transaction, the executive vice president now owns 9,673 shares in the company, valued at $2,418,250. The disclosure for this sale can be found here. Insiders have sold 90,090 shares of company stock worth $21,201,877 in the last three months. Insiders own 0.24% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citizens National Bank Trust Department lifted its holdings in Tractor Supply by 0.5% during the fourth 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. Lindbrook Capital LLC lifted its holdings in Tractor Supply by 10.9% during the first quarter. Lindbrook Capital LLC now owns 459 shares of the specialty retailer's stock worth $120,000 after acquiring an additional 45 shares in the last quarter. Wedmont Private Capital lifted its holdings in Tractor Supply by 3.6% during the first 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 lifted its holdings in Tractor Supply by 2.8% during the fourth 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. Finally, Allen Capital Group LLC lifted its holdings in Tractor Supply by 0.6% during the third 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.

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.