Tractor Supply (NASDAQ:TSCO - Get Free Report) had its price target upped by Bank of America from $44.00 to $53.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "underperform" rating on the specialty retailer's stock. Bank of America's price target points to a potential downside of 1.11% from the company's previous close.
A number of other research firms have also commented on TSCO. DA Davidson lifted their price objective on shares of Tractor Supply from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Loop Capital boosted their price target on Tractor Supply from $53.00 to $58.00 and gave the company a "hold" rating in a research report on Thursday, December 12th. Melius Research initiated coverage on Tractor Supply in a research report on Monday, September 23rd. They set a "buy" rating and a $63.00 price objective for the company. Gordon Haskett lowered Tractor Supply from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, October 24th. Finally, Truist Financial decreased their price target on Tractor Supply from $65.00 to $63.40 and set a "buy" rating for the company in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tractor Supply currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.01.
View Our Latest Report on TSCO
Shares of TSCO traded up $0.49 during mid-day trading on Thursday, reaching $53.59. 1,422,829 shares of the company's stock were exchanged, compared to its average volume of 4,639,555. The business's fifty day simple moving average is $55.19 and its 200-day simple moving average is $54.98. The stock has a market capitalization of $28.63 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 3.09 and a beta of 0.84. Tractor Supply has a 52-week low of $44.16 and a 52-week high of $61.53. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSCO. Silvant Capital Management LLC raised its position in shares of Tractor Supply by 20.9% during the 3rd quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer's stock worth $4,300,000 after purchasing an additional 2,556 shares during the last quarter. Blueshift Asset Management LLC raised its holdings in shares of Tractor Supply by 32.7% in the third quarter. Blueshift Asset Management LLC now owns 9,945 shares of the specialty retailer's stock worth $2,893,000 after acquiring an additional 2,452 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Tractor Supply in the second quarter valued at $13,353,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Tractor Supply by 48.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 9,801 shares of the specialty retailer's stock valued at $2,851,000 after acquiring an additional 3,182 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Tractor Supply by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 631,406 shares of the specialty retailer's stock valued at $183,695,000 after acquiring an additional 8,142 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.
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.
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