Tractor Supply (NASDAQ:TSCO) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday.
A number of other equities research analysts have also weighed in on TSCO. Gordon Haskett began coverage on Tractor Supply in a research report on Wednesday, June 20th. They issued an “accumulate” rating and a $86.00 price objective on the stock. ValuEngine upgraded Tractor Supply from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Wells Fargo & Co reiterated a “buy” rating on shares of Tractor Supply in a research report on Thursday, May 3rd. Telsey Advisory Group cut their price objective on Tractor Supply from $76.00 to $70.00 and set a “market perform” rating on the stock in a research report on Monday, April 23rd. Finally, Wedbush lifted their price objective on Tractor Supply from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $73.52.
Tractor Supply opened at $76.85 on Friday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.22 and a current ratio of 1.96. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $82.68. The company has a market cap of $9.61 billion, a P/E ratio of 23.08, a P/E/G ratio of 1.43 and a beta of 1.28.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Centaurus Financial Inc. purchased a new position in shares of Tractor Supply in the 1st quarter valued at approximately $100,000. Kennedy Capital Management Inc. purchased a new position in Tractor Supply during the fourth quarter valued at $204,000. D.B. Root & Company LLC purchased a new position in Tractor Supply during the first quarter valued at $213,000. Diversified Trust Co purchased a new position in Tractor Supply during the first quarter valued at $223,000. Finally, Rampart Investment Management Company LLC raised its stake in Tractor Supply by 117.0% during the first quarter. Rampart Investment Management Company LLC now owns 3,676 shares of the specialty retailer’s stock valued at $232,000 after buying an additional 1,982 shares during the last quarter. Institutional investors own 80.62% 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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