1 week Ago By ABMN Staff
Tractor Supply ( NASDAQ:TSCO – Get Free Report ) ‘s stock had its “outperform” rating reiterated by research analysts at Telsey Advisory Group in a report issued on Thursday, Marketbeat reports. They presently have a $67.00 price objective on the specialty retailer’s stock.
Telsey Advisory Group’s price objective indicates a potential upside of 34.21% from the stock’s previous close. A number of other equities analysts also recently issued reports on TSCO.
Bank of America increased their price target on Tractor Supply from $44.00 to $53.00 and gave the stock an “underperform” rating in a research report on Thursday, January 16th.
Mizuho upped their price target on shares of Tractor Supply from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd.
Truist Financial cut their price objective on shares of Tractor Supply from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, January 31st.
Guggenheim restated a “buy” rating and set a $60.00 target price on shares of Tractor Supply in a report on Friday, January 31st. Finally, JPMorgan Chase & Co.
lifted their price target on Tractor Supply from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, January 31st.
Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $57.88.
Read Our Latest Report on Tractor Supply Tractor Supply Stock Up 1.9 % Tractor Supply ( NASDAQ:TSCO – Get Free Report ) last issued its earnings results on Thursday, April 24th. The specialty retailer reported $0.
34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03).
Tractor Supply had a return on equity of 49.01% and a net margin of 7.40%.
The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.55 billion.
Equities research analysts expect that Tractor Supply will post 2.17 earnings per share for the current year. Tractor Supply announced that its board has approved a share buyback program on Thursday, February 13th that permits the company to buyback $1.
00 billion in shares. This buyback authorization permits the specialty retailer to buy up to 3.3% of its shares through open market purchases.
Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued. Insider Activity at Tractor Supply In other news, CEO Harry A. Lawton III sold 88,095 shares of the company’s stock in a transaction on Monday, February 3rd.
The shares were sold at an average price of $54.59, for a total value of $4,809,106.05.
Following the sale, the chief executive officer now directly owns 488,852 shares of the company’s stock, valued at $26,686,430.68. This represents a 15.
27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, SVP Matthew L.
Rubin sold 3,850 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $57.69, for a total transaction of $222,106.
50. Following the transaction, the senior vice president now directly owns 31,787 shares of the company’s stock, valued at approximately $1,833,792.03.
This trade represents a 10.80 % decrease in their position. The disclosure for this sale can be found here .
Insiders have sold a total of 137,993 shares of company stock worth $7,538,068 over the last quarter. Insiders own 0.65% of the company’s stock.
Institutional Trading of Tractor Supply Hedge funds and other institutional investors have recently bought and sold shares of the stock. Smithfield Trust Co boosted its position in Tractor Supply by 286.2% in the 4th quarter.
Smithfield Trust Co now owns 475 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 352 shares in the last quarter. Coppell Advisory Solutions LLC increased its holdings in Tractor Supply by 944.4% in the fourth quarter.
Coppell Advisory Solutions LLC now owns 470 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 425 shares in the last quarter. PrairieView Partners LLC raised its position in shares of Tractor Supply by 400.0% in the fourth quarter.
PrairieView Partners LLC now owns 500 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 400 shares during the period. Future Financial Wealth Managment LLC boosted its stake in shares of Tractor Supply by 400.0% during the 4th quarter.
Future Financial Wealth Managment LLC now owns 500 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 400 shares in the last quarter. Finally, Archer Investment Corp increased its stake in shares of Tractor Supply by 400.0% in the 4th quarter.
Archer Investment Corp now owns 500 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 400 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.
About Tractor Supply ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.
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