Tractor Supply (NASDAQ:TSCO)‘s stock had its “buy” rating reiterated by Sanford C. Bernstein in a research report issued on Tuesday.
Several other research firms have also issued reports on TSCO. BidaskClub lowered Tractor Supply from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Telsey Advisory Group lowered Tractor Supply from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $62.00 to $83.00 in a research report on Thursday, January 25th. They noted that the move was a valuation call. Guggenheim restated a “buy” rating and issued a $88.00 price target on shares of Tractor Supply in a research report on Tuesday, January 16th. Zacks Investment Research upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating and set a $89.00 price target on the stock in a research report on Monday, January 8th. Finally, Stephens set a $79.00 price target on Tractor Supply and gave the stock a “hold” rating in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Tractor Supply currently has a consensus rating of “Hold” and a consensus price target of $73.67.
Tractor Supply (TSCO) traded down $1.00 during midday trading on Tuesday, hitting $64.86. The stock had a trading volume of 1,694,600 shares, compared to its average volume of 2,072,634. The firm has a market cap of $8,310.00, a PE ratio of 19.42, a P/E/G ratio of 1.21 and a beta of 1.17. Tractor Supply has a one year low of $49.87 and a one year high of $82.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.95 and a quick ratio of 0.24.
In other news, Director Edna Morris sold 1,054 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total value of $70,691.78. Following the sale, the director now directly owns 10,949 shares in the company, valued at $734,349.43. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Steve K. Barbarick sold 43,076 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $69.03, for a total value of $2,973,536.28. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
Several institutional investors have recently modified their holdings of TSCO. Janus Henderson Group PLC lifted 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 in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Tractor Supply in the fourth quarter valued at about $139,359,000. Alyeska Investment Group L.P. bought a new stake in shares of Tractor Supply in the third quarter valued at about $31,338,000. CWM LLC lifted its holdings in shares of Tractor Supply by 106,641.1% in the fourth quarter. CWM LLC now owns 480,335 shares of the specialty retailer’s stock valued at $35,905,000 after purchasing an additional 479,885 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Tractor Supply by 180.8% in the fourth quarter. Alliancebernstein L.P. now owns 680,823 shares of the specialty retailer’s stock valued at $50,892,000 after purchasing an additional 438,384 shares in the last quarter. Institutional investors own 87.83% of the company’s stock.
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Tractor Supply Company Profile
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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