Tractor Supply (NASDAQ:TSCO) Given New $320.00 Price Target at Wells Fargo & Company

Tractor Supply (NASDAQ:TSCO) had its price target lowered by analysts at Wells Fargo & Company from $325.00 to $320.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 14.21% from the company’s previous close.

A number of other brokerages have also recently commented on TSCO. Barclays upped their target price on shares of Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Mizuho upped their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Citigroup cut shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Raymond James upped their target price on shares of Tractor Supply from $285.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $270.00 target price on shares of Tractor Supply in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Tractor Supply has an average rating of “Moderate Buy” and a consensus price target of $282.59.

Tractor Supply Stock Performance

NASDAQ TSCO opened at $280.19 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. Tractor Supply has a 1 year low of $197.00 and a 1 year high of $307.64. The company has a market capitalization of $29.94 billion, a PE ratio of 27.26, a P/E/G ratio of 3.53 and a beta of 0.82. The company has a fifty day moving average of $284.23 and a two-hundred day moving average of $275.68.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the transaction, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This trade represents a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.58% of the stock is currently owned by corporate insiders.

Institutional Trading of Tractor Supply

Several large investors have recently modified their holdings of the business. Tidal Investments LLC grew its position in shares of Tractor Supply by 722.5% in the third quarter. Tidal Investments LLC now owns 95,172 shares of the specialty retailer’s stock valued at $27,688,000 after purchasing an additional 83,601 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Tractor Supply in the third quarter valued at approximately $734,000. Sanctuary Advisors LLC grew its position in shares of Tractor Supply by 4.4% in the third quarter. Sanctuary Advisors LLC now owns 50,891 shares of the specialty retailer’s stock valued at $14,336,000 after purchasing an additional 2,139 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its position in shares of Tractor Supply by 7.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 978 shares of the specialty retailer’s stock valued at $285,000 after purchasing an additional 65 shares during the last quarter. Finally, Rehmann Capital Advisory Group acquired a new stake in shares of Tractor Supply in the third quarter valued at approximately $204,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.