Loop Capital Increases Tractor Supply (NASDAQ:TSCO) Price Target to $260.00

Tractor Supply (NASDAQ:TSCO) had its price target upped by investment analysts at Loop Capital from $250.00 to $260.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s target price suggests a potential downside of 3.91% from the stock’s current price.

TSCO has been the subject of a number of other reports. Benchmark reaffirmed a “buy” rating and set a $280.00 target price on shares of Tractor Supply in a report on Friday, July 26th. Truist Financial raised their target price on Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Evercore ISI cut their price target on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Wedbush reaffirmed a “neutral” rating and issued a $270.00 price objective on shares of Tractor Supply in a research note on Friday, July 26th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price objective on shares of Tractor Supply in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $256.72.

Tractor Supply Trading Down 0.1 %

NASDAQ:TSCO opened at $270.59 on Friday. The company has a market cap of $29.19 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 3.42 and a beta of 0.80. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. The company has a 50 day simple moving average of $265.32 and a two-hundred day simple moving average of $264.71. Tractor Supply has a 12 month low of $185.00 and a 12 month high of $290.38.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, meeting analysts’ consensus estimates of $3.93. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. Tractor Supply’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.83 earnings per share. Research analysts forecast that Tractor Supply will post 10.23 earnings per share for the current year.

Insider Buying and Selling at Tractor Supply

In other news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the transaction, the senior vice president now owns 5,170 shares in the company, valued at approximately $1,356,349.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Tractor Supply

A number of large investors have recently made changes to their positions in TSCO. Future Financial Wealth Managment LLC bought a new stake in Tractor Supply in the first quarter worth about $26,000. LRI Investments LLC bought a new stake in shares of Tractor Supply during the 1st quarter worth approximately $28,000. Rise Advisors LLC boosted its holdings in Tractor Supply by 157.1% during the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 66 shares during the period. Whittier Trust Co. boosted its holdings in Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 42 shares during the period. Finally, J.Safra Asset Management Corp grew its position in Tractor Supply by 700.0% in the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 98 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other 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.