Tractor Supply (NASDAQ:TSCO) had its target price raised by research analysts at Wells Fargo & Co from $102.00 to $108.00 in a research note issued to investors on Thursday. The firm currently has an “outperform” rating on the specialty retailer’s stock. Wells Fargo & Co‘s price objective suggests a potential upside of 12.76% from the stock’s previous close.
Several other research analysts also recently weighed in on TSCO. Zacks Investment Research downgraded shares of Tractor Supply from a “buy” rating to a “hold” rating and set a $104.00 price target on the stock. in a research report on Thursday, December 6th. BidaskClub raised shares of Tractor Supply from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Credit Suisse Group reissued a “hold” rating and issued a $85.00 price objective on shares of Tractor Supply in a research note on Tuesday, January 29th. Wedbush raised shares of Tractor Supply from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $80.00 to $100.00 in a research note on Friday, October 26th. Finally, Oppenheimer reissued a “market perform” rating and issued a $100.00 price objective on shares of Tractor Supply in a research note on Monday, December 3rd. Eleven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $90.50.
TSCO traded down $0.05 during trading on Thursday, hitting $95.78. The company’s stock had a trading volume of 1,265,856 shares, compared to its average volume of 1,762,623. The company has a current ratio of 1.91, a quick ratio of 0.22 and a debt-to-equity ratio of 0.26. Tractor Supply has a one year low of $58.27 and a one year high of $97.65. The company has a market capitalization of $11.70 billion, a PE ratio of 22.22, a PEG ratio of 1.61 and a beta of 1.08.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP bought a new stake in shares of Tractor Supply in the 4th quarter worth about $712,000. Weiss Multi Strategy Advisers LLC bought a new stake in shares of Tractor Supply in the 4th quarter worth about $599,000. Coatue Management LLC lifted its holdings in shares of Tractor Supply by 165.2% in the 4th quarter. Coatue Management LLC now owns 9,808 shares of the specialty retailer’s stock worth $819,000 after acquiring an additional 6,110 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in shares of Tractor Supply in the 4th quarter worth about $3,629,000. Finally, Avalon Advisors LLC lifted its holdings in shares of Tractor Supply by 377.2% in the 4th quarter. Avalon Advisors LLC now owns 193,302 shares of the specialty retailer’s stock worth $16,129,000 after acquiring an additional 152,793 shares during the last quarter. 85.07% of the stock is owned by institutional investors.
Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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