Tractor Supply (TSCO) Given New $108.00 Price Target at Wells Fargo & Co

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.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, January 31st. The specialty retailer reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.02. Tractor Supply had a net margin of 6.73% and a return on equity of 36.86%. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.10 billion. Equities analysts forecast that Tractor Supply will post 4.71 earnings per share for the current fiscal year.

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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Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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