Tractor Supply (NASDAQ:TSCO) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

Tractor Supply (NASDAQ:TSCO - Get Free Report) had its price target increased by Telsey Advisory Group from $60.00 to $70.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The firm presently has an "outperform" rating on the specialty retailer's stock. Telsey Advisory Group's price target suggests a potential upside of 17.98% from the stock's previous close.

Several other research analysts also recently commented on the company. Raymond James Financial decreased their price objective on Tractor Supply from $61.00 to $57.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company lifted their price target on shares of Tractor Supply from $60.00 to $63.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Robert W. Baird increased their price objective on shares of Tractor Supply from $56.00 to $61.00 and gave the stock an "outperform" rating in a research note on Monday. JPMorgan Chase & Co. lifted their target price on shares of Tractor Supply from $56.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Citigroup lowered their price objective on Tractor Supply from $59.00 to $51.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.30.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO traded down $0.01 during midday trading on Thursday, hitting $59.33. 7,589,239 shares of the company's stock traded hands, compared to its average volume of 6,122,455. The firm has a fifty day moving average of $53.27 and a 200 day moving average of $53.39. Tractor Supply has a 1 year low of $46.85 and a 1 year high of $63.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.17 and a current ratio of 1.28. The stock has a market capitalization of $31.46 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 3.20 and a beta of 0.75.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. The business had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.40 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The company's revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.93 EPS. On average, analysts forecast that Tractor Supply will post 2.17 earnings per share for the current year.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, Director Denise L. Jackson sold 1,165 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $58.50, for a total transaction of $68,152.50. Following the completion of the sale, the director owned 31,123 shares in the company, valued at $1,820,695.50. This represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan S. Estep sold 35,825 shares of Tractor Supply stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $56.00, for a total value of $2,006,200.00. Following the completion of the transaction, the executive vice president owned 74,605 shares in the company, valued at $4,177,880. This trade represents a 32.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 105,610 shares of company stock valued at $5,737,894 in the last three months. Company insiders own 0.65% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TSCO. NorthRock Partners LLC increased its holdings in Tractor Supply by 2.8% in the 2nd quarter. NorthRock Partners LLC now owns 8,425 shares of the specialty retailer's stock worth $445,000 after buying an additional 233 shares during the period. Sequoia Financial Advisors LLC raised its position in Tractor Supply by 10.9% during the second quarter. Sequoia Financial Advisors LLC now owns 124,428 shares of the specialty retailer's stock valued at $6,566,000 after acquiring an additional 12,195 shares in the last quarter. Montrusco Bolton Investments Inc. acquired a new stake in shares of Tractor Supply during the 2nd quarter worth approximately $49,131,000. Hazlett Burt & Watson Inc. boosted its holdings in Tractor Supply by 89.6% during the second quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the specialty retailer's stock worth $49,000 after buying an additional 450 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Tractor Supply by 56.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 111,118 shares of the specialty retailer's stock worth $6,009,000 after acquiring an additional 40,174 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

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.