Investment analysts at Sanford C. Bernstein started coverage on shares of Tractor Supply (NASDAQ:TSCO) in a research note issued to investors on Monday, The Fly reports. The firm set an “outperform” rating on the specialty retailer’s stock.
Several other equities analysts also recently commented on the company. Moffett Nathanson started coverage on Tractor Supply in a research report on Monday, December 4th. They issued a “neutral” rating on the stock. TheStreet upgraded Tractor Supply from a “c+” rating to a “b” rating in a report on Wednesday, December 20th. BidaskClub upgraded Tractor Supply from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. Zacks Investment Research upgraded Tractor Supply from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Tuesday, December 26th. Finally, Wolfe Research upgraded Tractor Supply from a “market perform” rating to an “outperform” rating in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $73.35.
Tractor Supply (TSCO) traded up $0.07 during midday trading on Monday, hitting $65.86. The stock had a trading volume of 1,352,000 shares, compared to its average volume of 2,083,405. The company has a market cap of $8,180.00, a P/E ratio of 19.72, a P/E/G ratio of 1.21 and a beta of 1.17. The company has a current ratio of 1.95, a quick ratio of 0.24 and a debt-to-equity ratio of 0.31. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $82.68.
In related news, CMO Steve K. Barbarick sold 43,076 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Edna Morris sold 1,054 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total value of $70,691.78. Following the transaction, the director now directly owns 10,949 shares in the company, valued at $734,349.43. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in TSCO. Janus Henderson Group PLC increased its holdings in shares of Tractor Supply by 138.6% in the third quarter. Janus Henderson Group PLC now owns 5,096,520 shares of the specialty retailer’s stock valued at $322,558,000 after purchasing an additional 2,960,119 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new position in Tractor Supply during the fourth quarter worth approximately $139,359,000. Alyeska Investment Group L.P. purchased a new position in Tractor Supply during the third quarter worth approximately $31,338,000. CWM LLC boosted its position in Tractor Supply by 106,641.1% during the fourth quarter. CWM LLC now owns 480,335 shares of the specialty retailer’s stock worth $35,905,000 after purchasing an additional 479,885 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in Tractor Supply by 180.8% during the fourth quarter. Alliancebernstein L.P. now owns 680,823 shares of the specialty retailer’s stock worth $50,892,000 after purchasing an additional 438,384 shares in the last quarter. 87.83% of the stock is currently owned by institutional investors and hedge funds.
About Tractor Supply
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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