Tractor Supply (NASDAQ:TSCO) Price Target Increased to $263.00 by Analysts at JPMorgan Chase & Co.

Tractor Supply (NASDAQ:TSCO - Get Free Report) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from $241.00 to $263.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a "neutral" rating on the specialty retailer's stock. JPMorgan Chase & Co.'s target price would suggest a potential downside of 2.67% from the stock's previous close.

Several other equities analysts have also commented on TSCO. Evercore ISI raised their price target on Tractor Supply from $275.00 to $280.00 and gave the company an "outperform" rating in a research note on Friday, April 26th. Mizuho reaffirmed a "neutral" rating and set a $250.00 price objective (up previously from $245.00) on shares of Tractor Supply in a research report on Friday, April 26th. Telsey Advisory Group raised their price target on Tractor Supply from $280.00 to $305.00 and gave the stock an "outperform" rating in a report on Wednesday. UBS Group raised their price target on Tractor Supply from $220.00 to $240.00 and gave the stock a "neutral" rating in a report on Friday, February 2nd. Finally, TD Cowen raised their price objective on Tractor Supply from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $253.54.

Tractor Supply Stock Performance

Shares of NASDAQ:TSCO traded up $3.51 during mid-day trading on Friday, reaching $270.21. 1,135,143 shares of the company traded hands, compared to its average volume of 1,173,245. The company's 50 day moving average price is $255.26 and its 200-day moving average price is $228.55. Tractor Supply has a 52 week low of $185.00 and a 52 week high of $279.38. The firm has a market cap of $29.16 billion, a PE ratio of 26.31, a PEG ratio of 3.42 and a beta of 0.82. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 0.19.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.13. Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the firm posted $1.65 EPS. Tractor Supply's quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts expect that Tractor Supply will post 10.3 EPS for the current fiscal year.

Insider Activity at Tractor Supply

In other Tractor Supply news, CEO Harry A. Lawton III sold 20,500 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Harry A. Lawton III sold 20,500 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total value of $4,775,065.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert D. Mills sold 48,334 shares of the firm's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total value of $11,224,604.82. Following the transaction, the executive vice president now directly owns 22,167 shares of the company's stock, valued at approximately $5,147,842.41. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock valued at $21,201,877 in the last three months. 0.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. OFI Invest Asset Management purchased a new stake in shares of Tractor Supply during the third quarter worth about $25,000. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply in the first quarter valued at about $26,000. Private Wealth Management Group LLC bought a new stake in Tractor Supply in the fourth quarter valued at about $27,000. Pinnacle Bancorp Inc. bought a new stake in Tractor Supply in the fourth quarter valued at about $28,000. Finally, Rise Advisors LLC increased its holdings in Tractor Supply by 157.1% in the first quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer's stock valued at $28,000 after buying an additional 66 shares during the last quarter. 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.

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