Loop Capital Raises Tractor Supply (NASDAQ:TSCO) Price Target to $290.00

Tractor Supply (NASDAQ:TSCO) had its target price boosted by Loop Capital from $265.00 to $290.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s price target would indicate a potential upside of 1.59% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $335.00 price objective on shares of Tractor Supply in a report on Friday, December 6th. Mizuho increased their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Melius Research initiated coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They set a “buy” rating and a $315.00 target price for the company. Barclays increased their target price on shares of Tractor Supply from $250.00 to $262.00 and gave the company an “equal weight” rating in a research report on Monday, December 9th. Finally, Evercore ISI raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $284.50.

Tractor Supply Stock Up 0.1 %

Shares of NASDAQ TSCO opened at $285.45 on Thursday. The company has a 50 day simple moving average of $284.23 and a 200 day simple moving average of $276.18. The firm has a market cap of $30.50 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 3.58 and a beta of 0.83. Tractor Supply has a 1 year low of $209.00 and a 1 year high of $307.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17.

Tractor Supply’s stock is going to split before the market opens on Friday, December 20th. The 5-1 split was announced on Thursday, December 5th. The newly minted shares will be distributed to shareholders after the market closes on Thursday, December 19th.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 70.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tractor Supply

A number of hedge funds have recently bought and sold shares of TSCO. Marshall Wace LLP boosted its holdings in Tractor Supply by 2,921.4% during the 2nd quarter. Marshall Wace LLP now owns 357,225 shares of the specialty retailer’s stock worth $96,451,000 after acquiring an additional 345,402 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Tractor Supply by 29,058.6% during the 3rd quarter. International Assets Investment Management LLC now owns 233,269 shares of the specialty retailer’s stock worth $67,865,000 after acquiring an additional 232,469 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Tractor Supply by 67.4% during the 2nd quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock worth $109,002,000 after acquiring an additional 162,533 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Tractor Supply by 3.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,740,864 shares of the specialty retailer’s stock worth $1,379,260,000 after acquiring an additional 161,503 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in Tractor Supply by 1,501.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 171,050 shares of the specialty retailer’s stock worth $49,773,000 after acquiring an additional 160,367 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

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.