Tractor Supply (TSCO) Price Target Raised to $73.00 at BMO Capital Markets
Tractor Supply (NASDAQ:TSCO) had its target price lifted by BMO Capital Markets to $73.00 in a research report sent to investors on Friday morning. BMO Capital Markets currently has a market perform rating on the specialty retailer’s stock.
TSCO has been the subject of several other reports. Piper Jaffray Companies reaffirmed a hold rating and set a $56.00 target price on shares of Tractor Supply in a research report on Friday, October 27th. Royal Bank of Canada raised their target price on Tractor Supply to $74.00 and gave the company a sector perform rating in a research report on Monday, January 29th. KeyCorp reaffirmed a hold rating on shares of Tractor Supply in a research report on Friday, November 10th. Robert W. Baird set a $66.00 target price on Tractor Supply and gave the company a buy rating in a research report on Thursday, October 26th. Finally, Guggenheim reaffirmed a buy rating and set a $88.00 target price on shares of Tractor Supply in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Tractor Supply currently has a consensus rating of Hold and an average target price of $72.85.
Shares of Tractor Supply (NASDAQ:TSCO) opened at $65.65 on Friday. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $82.68. The stock has a market capitalization of $8,240.00, a price-to-earnings ratio of 19.83, a PEG ratio of 1.20 and a beta of 1.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.24 and a current ratio of 1.95.
In other Tractor Supply news, CMO Steve K. Barbarick sold 43,076 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sentry Investment Management LLC boosted its stake in Tractor Supply by 3.1% in the 2nd quarter. Sentry Investment Management LLC now owns 8,957 shares of the specialty retailer’s stock worth $486,000 after purchasing an additional 268 shares during the period. Moors & Cabot Inc. boosted its stake in Tractor Supply by 5.2% in the 2nd quarter. Moors & Cabot Inc. now owns 11,795 shares of the specialty retailer’s stock worth $639,000 after purchasing an additional 585 shares during the period. Mutual of America Capital Management LLC boosted its stake in Tractor Supply by 3.0% in the 2nd quarter. Mutual of America Capital Management LLC now owns 26,603 shares of the specialty retailer’s stock worth $1,442,000 after purchasing an additional 783 shares during the period. Alps Advisors Inc. boosted its stake in Tractor Supply by 14.3% in the 3rd quarter. Alps Advisors Inc. now owns 7,626 shares of the specialty retailer’s stock worth $483,000 after purchasing an additional 953 shares during the period. Finally, Dupont Capital Management Corp boosted its stake in Tractor Supply by 14.9% in the 4th quarter. Dupont Capital Management Corp now owns 8,172 shares of the specialty retailer’s stock worth $611,000 after purchasing an additional 1,061 shares during the period. Institutional investors and hedge funds own 92.99% of the company’s stock.
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About Tractor Supply
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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