Tractor Supply (NASDAQ:TSCO) Upgraded at Mizuho

Tractor Supply (NASDAQ:TSCO - Get Free Report) was upgraded by investment analysts at Mizuho from a "neutral" rating to an "outperform" rating in a research note issued on Monday, Marketbeat.com reports. The brokerage presently has a $60.00 price objective on the specialty retailer's stock, up from their previous price objective of $54.00. Mizuho's target price would indicate a potential upside of 11.84% from the company's previous close.

A number of other equities analysts have also recently commented on the company. Barclays reduced their price target on Tractor Supply from $262.00 to $52.00 and set an "equal weight" rating for the company in a report on Monday, December 30th. Melius Research started coverage on Tractor Supply in a report on Monday, September 23rd. They set a "buy" rating and a $63.00 target price on the stock. Benchmark raised their price target on Tractor Supply from $56.00 to $62.00 and gave the company a "buy" rating in a report on Monday, October 28th. Wedbush reiterated a "neutral" rating and issued a $54.00 price objective on shares of Tractor Supply in a report on Friday, October 25th. Finally, Truist Financial decreased their price target on shares of Tractor Supply from $65.00 to $63.40 and set a "buy" rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $58.25.

Tractor Supply Stock Up 3.3 %

Shares of NASDAQ:TSCO traded up $1.72 during trading on Monday, hitting $53.65. 6,099,038 shares of the company were exchanged, compared to its average volume of 5,761,279. Tractor Supply has a fifty-two week low of $43.56 and a fifty-two week high of $61.53. The stock has a market cap of $28.66 billion, a price-to-earnings ratio of 5.22, a P/E/G ratio of 3.58 and a beta of 0.84. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The firm has a fifty day moving average price of $55.25 and a two-hundred day moving average price of $55.01.

Hedge Funds Weigh In On Tractor Supply

Several large investors have recently bought and sold shares of TSCO. Kozak & Associates Inc. lifted its holdings in shares of Tractor Supply by 438.3% during the fourth quarter. Kozak & Associates Inc. now owns 1,545 shares of the specialty retailer's stock worth $80,000 after purchasing an additional 1,258 shares during the period. CWA Asset Management Group LLC grew its position in shares of Tractor Supply by 380.3% in the 4th quarter. CWA Asset Management Group LLC now owns 70,459 shares of the specialty retailer's stock valued at $3,739,000 after buying an additional 55,788 shares during the last quarter. Pensionfund Sabic grew its position in shares of Tractor Supply by 595.1% in the 4th quarter. Pensionfund Sabic now owns 28,500 shares of the specialty retailer's stock valued at $1,512,000 after buying an additional 24,400 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Tractor Supply by 418.5% in the fourth quarter. Nordea Investment Management AB now owns 46,140 shares of the specialty retailer's stock valued at $2,446,000 after buying an additional 37,242 shares during the period. Finally, Everence Capital Management Inc. raised its position in shares of Tractor Supply by 400.0% during the fourth quarter. Everence Capital Management Inc. now owns 10,300 shares of the specialty retailer's stock worth $547,000 after acquiring an additional 8,240 shares during 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.