Tractor Supply (NASDAQ:TSCO) Rating Increased to Strong-Buy at UBS Group

Tractor Supply (NASDAQ:TSCO) was upgraded by stock analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a note issued to investors on Friday, Zacks.com reports.

A number of other equities analysts have also recently issued reports on TSCO. Citigroup upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday. Truist Financial upped their price target on shares of Tractor Supply from $289.00 to $293.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Melius Research started coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They set a “buy” rating and a $315.00 price target for the company. Wedbush reissued a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a report on Friday, July 26th. Finally, Evercore ISI downgraded Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target for the company. in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $261.70.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $293.86 on Friday. The stock has a market cap of $31.68 billion, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 3.74 and a beta of 0.80. The firm’s fifty day simple moving average is $272.26 and its 200 day simple moving average is $269.51. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $298.36. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, meeting analysts’ consensus estimates of $3.93. Tractor Supply had a net margin of 7.65% and a return on equity of 51.84%. The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter in the previous year, the business posted $3.83 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, research analysts predict that Tractor Supply will post 10.23 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, SVP Matthew L. Rubin sold 540 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the sale, the senior vice president now owns 5,170 shares of the company’s stock, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Tractor Supply

Institutional investors have recently added to or reduced their stakes in the business. Threadgill Financial LLC lifted its holdings in shares of Tractor Supply by 3.2% during the third quarter. Threadgill Financial LLC now owns 2,951 shares of the specialty retailer’s stock worth $859,000 after purchasing an additional 91 shares during the period. McLean Asset Management Corp purchased a new stake in shares of Tractor Supply in the third quarter valued at approximately $202,000. Azzad Asset Management Inc. ADV increased its position in shares of Tractor Supply by 156.6% in the third quarter. Azzad Asset Management Inc. ADV now owns 3,421 shares of the specialty retailer’s stock valued at $995,000 after buying an additional 2,088 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Tractor Supply by 6.2% during the third quarter. GAMMA Investing LLC now owns 2,226 shares of the specialty retailer’s stock worth $648,000 after purchasing an additional 130 shares in the last quarter. Finally, Czech National Bank increased its position in shares of Tractor Supply by 7.0% during the third quarter. Czech National Bank now owns 21,974 shares of the specialty retailer’s stock worth $6,393,000 after purchasing an additional 1,429 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.