Tractor Supply (NASDAQ:TSCO)‘s stock had its “neutral” rating restated by stock analysts at Bank of America in a note issued to investors on Thursday, April 11th, Briefing.com Automated Import reports. They currently have a $95.00 price target on the specialty retailer’s stock. Bank of America‘s target price would suggest a potential downside of 8.54% from the stock’s current price.
TSCO has been the topic of a number of other research reports. Wells Fargo & Co reissued a “buy” rating and issued a $102.00 target price on shares of Tractor Supply in a research report on Monday, February 11th. Deutsche Bank raised Tractor Supply from a “hold” rating to a “buy” rating and lifted their target price for the company from $94.00 to $107.00 in a research report on Thursday, December 13th. BidaskClub lowered Tractor Supply from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Zacks Investment Research raised Tractor Supply from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Wednesday, December 19th. Finally, Piper Jaffray Companies lifted their target price on Tractor Supply from $102.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $97.44.
NASDAQ TSCO opened at $103.87 on Thursday. The stock has a market cap of $12.58 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 1.92 and a beta of 1.11. The company has a current ratio of 1.58, a quick ratio of 0.15 and a debt-to-equity ratio of 0.43. Tractor Supply has a one year low of $64.70 and a one year high of $107.98.
In related news, CEO Gregory A. Sandfort sold 25,896 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $95.00, for a total value of $2,460,120.00. Following the completion of the sale, the chief executive officer now directly owns 117,554 shares in the company, valued at approximately $11,167,630. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edna Morris sold 4,174 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $96.07, for a total value of $400,996.18. Following the completion of the sale, the director now owns 1,916 shares of the company’s stock, valued at $184,070.12. The disclosure for this sale can be found here. Insiders have sold a total of 379,236 shares of company stock valued at $38,304,166 over the last quarter. 1.50% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bruderman Asset Management LLC acquired a new position in Tractor Supply in the 4th quarter valued at $25,000. Cordasco Financial Network raised its holdings in Tractor Supply by 53.6% in the 4th quarter. Cordasco Financial Network now owns 338 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 118 shares in the last quarter. Rational Advisors LLC raised its holdings in Tractor Supply by 570.9% in the 4th quarter. Rational Advisors LLC now owns 369 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 314 shares in the last quarter. Liberty Wealth Management LLC acquired a new position in Tractor Supply in the 4th quarter valued at $31,000. Finally, Laurel Wealth Advisors LLC acquired a new position in Tractor Supply in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 82.83% of the company’s stock.
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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