Tractor Supply (NASDAQ:TSCO) Given Average Rating of "Moderate Buy" by Brokerages

Tractor Supply (NASDAQ:TSCO - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-one brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $59.22.

A number of research analysts recently weighed in on TSCO shares. Gordon Haskett downgraded Tractor Supply from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, October 24th. Wells Fargo & Company cut their target price on Tractor Supply from $65.00 to $64.00 and set an "overweight" rating on the stock in a research note on Monday, November 25th. Piper Sandler boosted their price objective on shares of Tractor Supply from $60.00 to $66.40 and gave the stock an "overweight" rating in a report on Monday, October 14th. Wedbush reiterated a "neutral" rating and set a $54.00 target price on shares of Tractor Supply in a research note on Friday, October 25th. Finally, Loop Capital upped their target price on shares of Tractor Supply from $53.00 to $58.00 and gave the stock a "hold" rating in a report on Thursday, December 12th.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CEO Harry A. Lawton III sold 88,095 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $54.59, for a total transaction of $4,809,106.05. Following the sale, the chief executive officer now owns 488,852 shares in the company, valued at approximately $26,686,430.68. This represents a 15.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.58% of the company's stock.

Institutional Investors Weigh In On Tractor Supply

A number of hedge funds have recently made changes to their positions in the business. PrairieView Partners LLC boosted its position in shares of Tractor Supply by 400.0% during the fourth quarter. PrairieView Partners LLC now owns 500 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 400 shares in the last quarter. Future Financial Wealth Managment LLC boosted its stake in Tractor Supply by 400.0% during the fourth quarter. Future Financial Wealth Managment LLC now owns 500 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 400 shares in the last quarter. Archer Investment Corp lifted its position in shares of Tractor Supply by 400.0% during the fourth quarter. Archer Investment Corp now owns 500 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 400 shares in the last quarter. Kentucky Trust Co bought a new position in shares of Tractor Supply in the fourth quarter valued at approximately $27,000. Finally, First Command Advisory Services Inc. lifted its holdings in shares of Tractor Supply by 400.0% in the 4th quarter. First Command Advisory Services Inc. now owns 500 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 98.72% of the company's stock.

Tractor Supply Stock Down 0.8 %

NASDAQ TSCO traded down $0.43 during trading on Friday, reaching $53.61. 4,063,607 shares of the company's stock were exchanged, compared to its average volume of 5,560,805. The firm has a market capitalization of $28.63 billion, a PE ratio of 26.28, a P/E/G ratio of 3.13 and a beta of 0.84. The company has a current ratio of 1.43, a quick ratio of 0.20 and a debt-to-equity ratio of 0.82. Tractor Supply has a fifty-two week low of $46.06 and a fifty-two week high of $61.53. The company's fifty day simple moving average is $55.15 and its 200-day simple moving average is $55.22.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The specialty retailer reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $2.28 by ($1.84). Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%. Sell-side analysts predict that Tractor Supply will post 2.18 EPS for the current year.

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.