Tractor Supply (TSCO) Raised to Strong-Buy at BidaskClub
BidaskClub upgraded shares of Tractor Supply (NASDAQ:TSCO) from a buy rating to a strong-buy rating in a report released on Saturday.
Other research analysts also recently issued research reports about the company. TheStreet raised Tractor Supply from a c+ rating to a b rating in a research note on Wednesday, December 20th. Robert W. Baird set a $66.00 price objective on Tractor Supply and gave the company a buy rating in a research note on Thursday, October 26th. Zacks Investment Research raised Tractor Supply from a hold rating to a buy rating and set a $83.00 price objective for the company in a research note on Tuesday, December 26th. Northcoast Research reaffirmed a buy rating on shares of Tractor Supply in a research note on Wednesday, January 3rd. Finally, Morgan Stanley upped their price objective on Tractor Supply from $53.00 to $57.00 and gave the company an equal weight rating in a research note on Thursday, November 16th. Fifteen analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $67.40.
Tractor Supply (TSCO) opened at $79.49 on Friday. Tractor Supply has a 52 week low of $49.87 and a 52 week high of $79.72. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $9,980.00, a P/E ratio of 23.59, a PEG ratio of 1.53 and a beta of 1.31.
In other Tractor Supply news, CMO Steve K. Barbarick sold 43,076 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of TSCO. Global X MANAGEMENT CO LLC boosted its holdings in shares of Tractor Supply by 191.7% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock worth $113,000 after buying an additional 1,173 shares in the last quarter. Commonwealth Bank of Australia boosted its holdings in shares of Tractor Supply by 15.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after buying an additional 317 shares in the last quarter. Bristlecone Advisors LLC acquired a new position in shares of Tractor Supply during the third quarter worth approximately $173,000. Globeflex Capital L P acquired a new position in shares of Tractor Supply during the second quarter worth approximately $206,000. Finally, Palisade Asset Management LLC acquired a new position in shares of Tractor Supply during the third quarter worth approximately $214,000. Hedge funds and other institutional investors own 92.33% of the company’s stock.
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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