Tractor Supply’s (TSCO) “Neutral” Rating Reiterated at Mizuho

Tractor Supply (NASDAQ:TSCO)‘s stock had its “neutral” rating reiterated by equities research analysts at Mizuho in a note issued to investors on Friday, Benzinga reports. They currently have a $250.00 price objective on the specialty retailer’s stock, up from their prior price objective of $245.00. Mizuho’s price target would indicate a potential downside of 8.22% from the stock’s previous close.

TSCO has been the topic of a number of other reports. The Goldman Sachs Group upped their target price on shares of Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Truist Financial increased their price objective on shares of Tractor Supply from $256.00 to $277.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Benchmark restated a “buy” rating and issued a $256.00 price target on shares of Tractor Supply in a report on Monday. UBS Group raised their price target on shares of Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Finally, Guggenheim raised their price target on shares of Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $243.74.

Tractor Supply Price Performance

NASDAQ TSCO traded up $7.13 during trading hours on Friday, reaching $272.39. The company’s stock had a trading volume of 660,206 shares, compared to its average volume of 1,160,206. The stock has a market cap of $29.40 billion, a PE ratio of 27.00, a PEG ratio of 3.88 and a beta of 0.84. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week high of $274.66. The company’s 50-day moving average is $251.70 and its two-hundred day moving average is $226.10. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.28 and a current ratio of 1.50.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.13. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.65 EPS. Analysts forecast that Tractor Supply will post 10.2 EPS for the current year.

Insider Buying and Selling

In related news, EVP Jonathan S. Estep sold 7,120 shares of Tractor Supply stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $232.26, for a total value of $1,653,691.20. Following the transaction, the executive vice president now owns 13,605 shares of the company’s stock, valued at approximately $3,159,897.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tractor Supply news, EVP Jonathan S. Estep sold 7,120 shares of Tractor Supply stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $232.26, for a total transaction of $1,653,691.20. Following the transaction, the executive vice president now owns 13,605 shares of the company’s stock, valued at approximately $3,159,897.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Matthew L. Rubin sold 725 shares of Tractor Supply stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $238.09, for a total value of $172,615.25. Following the transaction, the senior vice president now directly owns 5,710 shares in the company, valued at approximately $1,359,493.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,090 shares of company stock valued at $21,201,877. 0.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tractor Supply

Institutional investors and hedge funds have recently bought and sold shares of the business. OFI Invest Asset Management purchased a new position in Tractor Supply during the 3rd quarter valued at about $25,000. Future Financial Wealth Managment LLC acquired a new stake in Tractor Supply in the 1st quarter worth approximately $26,000. Private Wealth Management Group LLC acquired a new stake in Tractor Supply in the 4th quarter worth approximately $27,000. Pinnacle Bancorp Inc. acquired a new stake in Tractor Supply in the 4th quarter worth approximately $28,000. Finally, Rise Advisors LLC lifted its holdings in Tractor Supply by 157.1% in the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

About Tractor Supply

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.