Tractor Supply (NASDAQ:TSCO) Price Target Raised to $62.00 at Mizuho

Tractor Supply (NASDAQ:TSCO) had its target price upped by stock analysts at Mizuho from $60.00 to $62.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Mizuho’s target price suggests a potential upside of 7.88% from the company’s current price.

A number of other equities research analysts have also recently issued reports on TSCO. Raymond James upped their price objective on shares of Tractor Supply from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Truist Financial lowered their price target on shares of Tractor Supply from $65.00 to $63.40 and set a “buy” rating for the company in a report on Friday, October 25th. Loop Capital upped their price target on shares of Tractor Supply from $53.00 to $58.00 and gave the company a “hold” rating in a report on Thursday, December 12th. Barclays lowered their price target on shares of Tractor Supply from $262.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, December 30th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $67.00 price target on shares of Tractor Supply in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Tractor Supply has an average rating of “Moderate Buy” and an average target price of $58.10.

Tractor Supply Price Performance

Shares of Tractor Supply stock opened at $57.47 on Thursday. Tractor Supply has a 52-week low of $44.35 and a 52-week high of $61.53. The stock has a market capitalization of $30.70 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 3.27 and a beta of 0.84. The company has a fifty day moving average of $55.02 and a 200-day moving average of $55.06. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48.

Hedge Funds Weigh In On Tractor Supply

Several institutional investors have recently made changes to their positions in TSCO. Future Financial Wealth Managment LLC lifted its stake in shares of Tractor Supply by 400.0% in the 4th quarter. Future Financial Wealth Managment LLC now owns 500 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 400 shares during the period. First Personal Financial Services bought a new position in shares of Tractor Supply in the 3rd quarter worth approximately $29,000. Harbor Investment Advisory LLC lifted its stake in shares of Tractor Supply by 400.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 555 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 444 shares during the period. Peoples Bank KS lifted its stake in shares of Tractor Supply by 400.0% in the 4th quarter. Peoples Bank KS now owns 570 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 456 shares during the period. Finally, Westside Investment Management Inc. lifted its stake in shares of Tractor Supply by 402.7% in the 4th quarter. Westside Investment Management Inc. now owns 563 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 451 shares during the period. Institutional investors own 98.72% of the company’s stock.

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.