Tractor Supply (NASDAQ:TSCO) had its price objective raised by Wedbush from $65.00 to $77.00 in a report released on Wednesday, MarketBeat.com reports. Wedbush currently has a neutral rating on the specialty retailer’s stock.

TSCO has been the topic of a number of other reports. Piper Jaffray Companies upgraded shares of Tractor Supply from a neutral rating to an overweight rating and set a $71.00 price objective on the stock in a report on Friday, April 20th. Royal Bank of Canada dropped their price objective on shares of Tractor Supply to $64.00 and set a market perform rating on the stock in a report on Tuesday, April 24th. ValuEngine upgraded shares of Tractor Supply from a hold rating to a buy rating in a report on Wednesday, June 27th. Wells Fargo & Co initiated coverage on shares of Tractor Supply in a report on Monday, April 23rd. They set an outperform rating and a $70.00 price objective on the stock. Finally, Goldman Sachs Group raised shares of Tractor Supply from a neutral rating to a buy rating and raised their target price for the company from $72.00 to $79.00 in a research report on Monday, April 16th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $77.23.

Shares of NASDAQ:TSCO opened at $79.87 on Wednesday. Tractor Supply has a 12 month low of $51.35 and a 12 month high of $82.68. The company has a current ratio of 1.96, a quick ratio of 0.22 and a debt-to-equity ratio of 0.54. The firm has a market cap of $9.89 billion, a P/E ratio of 23.15, a P/E/G ratio of 1.48 and a beta of 1.32.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, April 26th. The specialty retailer reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. Tractor Supply had a net margin of 5.88% and a return on equity of 31.99%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the business posted $0.46 earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. research analysts predict that Tractor Supply will post 4.1 earnings per share for the current fiscal year.

In other news, EVP Benjamin F. Parrish, Jr. sold 5,000 shares of Tractor Supply stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $78.44, for a total value of $392,200.00. Following the completion of the transaction, the executive vice president now owns 21,948 shares of the company’s stock, valued at approximately $1,721,601.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kurt D. Barton sold 6,146 shares of Tractor Supply stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $79.50, for a total transaction of $488,607.00. Following the completion of the transaction, the chief financial officer now directly owns 29,237 shares of the company’s stock, valued at approximately $2,324,341.50. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in TSCO. Patten & Patten Inc. TN lifted its stake in shares of Tractor Supply by 0.5% during the 2nd quarter. Patten & Patten Inc. TN now owns 151,289 shares of the specialty retailer’s stock worth $11,572,000 after buying an additional 680 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Tractor Supply by 3.8% during the 2nd quarter. Amalgamated Bank now owns 19,073 shares of the specialty retailer’s stock worth $1,459,000 after buying an additional 691 shares during the last quarter. Donald L. Hagan LLC lifted its stake in shares of Tractor Supply by 3.2% during the 2nd quarter. Donald L. Hagan LLC now owns 23,284 shares of the specialty retailer’s stock worth $1,781,000 after buying an additional 725 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Tractor Supply by 3.5% during the 1st quarter. Xact Kapitalforvaltning AB now owns 22,701 shares of the specialty retailer’s stock worth $1,431,000 after buying an additional 772 shares during the last quarter. Finally, Davis R M Inc. lifted its stake in shares of Tractor Supply by 1.5% during the 2nd quarter. Davis R M Inc. now owns 56,415 shares of the specialty retailer’s stock worth $4,315,000 after buying an additional 842 shares during the last quarter. 80.70% 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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