Telsey Advisory Group Reaffirms “Outperform” Rating for Tractor Supply (NASDAQ:TSCO)

Tractor Supply (NASDAQ:TSCO)‘s stock had its “outperform” rating reaffirmed by stock analysts at Telsey Advisory Group in a research note issued on Friday,Benzinga reports. They currently have a $67.00 price objective on the specialty retailer’s stock. Telsey Advisory Group’s price target suggests a potential upside of 16.77% from the stock’s current price.

A number of other research firms have also recently commented on TSCO. Piper Sandler boosted their price objective on Tractor Supply from $60.00 to $66.40 and gave the company an “overweight” rating in a research report on Monday, October 14th. Benchmark boosted their price target on shares of Tractor Supply from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Truist Financial decreased their price objective on shares of Tractor Supply from $65.00 to $63.40 and set a “buy” rating on the stock in a report on Friday, October 25th. Barclays cut their target price on shares of Tractor Supply from $262.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, December 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Tractor Supply from $52.00 to $58.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average target price of $58.58.

Tractor Supply Trading Down 0.2 %

TSCO stock opened at $57.38 on Friday. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. Tractor Supply has a 52-week low of $44.35 and a 52-week high of $61.53. The company’s 50-day simple moving average is $55.06 and its 200-day simple moving average is $55.07. The firm has a market cap of $30.65 billion, a P/E ratio of 27.91, a PEG ratio of 3.31 and a beta of 0.84.

Hedge Funds Weigh In On Tractor Supply

Several institutional investors and hedge funds have recently bought and sold shares of TSCO. Silvant Capital Management LLC grew its holdings 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 period. Blueshift Asset Management LLC boosted its stake in Tractor Supply by 32.7% during the third quarter. Blueshift Asset Management LLC now owns 9,945 shares of the specialty retailer’s stock worth $2,893,000 after buying an additional 2,452 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Tractor Supply during the second quarter valued at about $13,353,000. Allspring Global Investments Holdings LLC raised its stake in shares of Tractor Supply by 48.1% in the 3rd 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 period. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of Tractor Supply by 16.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 27,336 shares of the specialty retailer’s stock worth $7,953,000 after acquiring an additional 3,863 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Company Profile

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.