Tractor Supply (NASDAQ:TSCO) PT Lowered to $275.00 at Evercore ISI

Tractor Supply (NASDAQ:TSCO - Get Free Report) had its price objective reduced by research analysts at Evercore ISI from $280.00 to $275.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an "outperform" rating on the specialty retailer's stock. Evercore ISI's price objective would suggest a potential upside of 12.32% from the stock's current price.

TSCO has been the topic of a number of other research reports. Telsey Advisory Group lifted their target price on Tractor Supply from $245.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. Guggenheim lifted their target price on Tractor Supply from $210.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Morgan Stanley reiterated an "underweight" rating and issued a $195.00 price objective on shares of Tractor Supply in a report on Tuesday, January 16th. Wells Fargo & Company boosted their price objective on Tractor Supply from $250.00 to $285.00 and gave the company an "overweight" rating in a report on Monday, March 25th. Finally, Raymond James downgraded Tractor Supply from a "strong-buy" rating to an "outperform" rating and boosted their price objective for the company from $230.00 to $250.00 in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Tractor Supply presently has a consensus rating of "Hold" and a consensus price target of $239.61.

Tractor Supply Price Performance

Shares of Tractor Supply stock traded up $2.87 on Tuesday, reaching $244.84. The company's stock had a trading volume of 1,103,525 shares, compared to its average volume of 1,155,341. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 0.82. The stock has a 50-day moving average price of $248.95 and a 200-day moving average price of $223.95. The company has a market capitalization of $26.43 billion, a P/E ratio of 24.27, a PEG ratio of 3.68 and a beta of 0.84. Tractor Supply has a 52-week low of $185.00 and a 52-week high of $268.02.

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

Insider Transactions at Tractor Supply

In related news, SVP Matthew L. Rubin sold 725 shares of the company's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $238.09, for a total value of $172,615.25. Following the completion of the sale, the senior vice president now directly owns 5,710 shares of the company's stock, valued at approximately $1,359,493.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Matthew L. Rubin sold 725 shares of the company's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $238.09, for a total value of $172,615.25. Following the completion of the sale, the senior vice president now directly owns 5,710 shares of the company's stock, valued at approximately $1,359,493.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Colin Yankee sold 8,675 shares of the company's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total value of $2,168,750.00. Following the completion of the sale, the executive vice president now directly owns 9,673 shares of the company's stock, valued at $2,418,250. 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. 0.58% of the stock is currently owned by corporate insiders.

Institutional Trading of Tractor Supply

Hedge funds have recently added to or reduced their stakes in the stock. Citizens National Bank Trust Department raised its stake in shares of Tractor Supply by 0.5% during the 4th quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer's stock worth $2,086,000 after buying an additional 45 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Tractor Supply by 3.6% during the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer's stock worth $331,000 after buying an additional 45 shares in the last quarter. Wahed Invest LLC raised its stake in shares of Tractor Supply by 2.8% during the 4th quarter. Wahed Invest LLC now owns 1,783 shares of the specialty retailer's stock worth $383,000 after buying an additional 49 shares in the last quarter. Heartland Bank & Trust Co raised its stake in shares of Tractor Supply by 1.7% during the 3rd quarter. Heartland Bank & Trust Co now owns 3,038 shares of the specialty retailer's stock worth $617,000 after buying an additional 52 shares in the last quarter. Finally, Allen Capital Group LLC raised its stake in shares of Tractor Supply by 0.6% during the 3rd quarter. Allen Capital Group LLC now owns 8,869 shares of the specialty retailer's stock worth $1,805,000 after buying an additional 53 shares in the last quarter. 98.72% of the stock is 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.