Royal Bank of Canada set a $123.00 price objective on Tractor Supply (NASDAQ:TSCO) in a research note released on Friday morning, TipRanks reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

Several other research firms have also issued reports on TSCO. Wells Fargo & Co reissued a buy rating and set a $125.00 price target on shares of Tractor Supply in a research report on Thursday. Telsey Advisory Group reissued an outperform rating and set a $192.00 price target (up from $189.00) on shares of Deckers Outdoor in a research report on Friday. Piper Jaffray Companies began coverage on TowneBank in a research report on Tuesday, July 16th. They set a neutral rating and a $27.00 price target on the stock. Barclays reissued a buy rating on shares of Netflix in a research report on Thursday, May 16th. Finally, Goldman Sachs Group raised Altria Group from a neutral rating to a buy rating and set a $59.00 price target on the stock in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $107.65.

TSCO stock opened at $109.95 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.16 and a current ratio of 1.52. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 2.04 and a beta of 1.09. Tractor Supply has a 12-month low of $75.84 and a 12-month high of $114.25. The firm’s 50 day moving average price is $109.41.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $1.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.81 by ($0.01). The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. Tractor Supply had a net margin of 6.71% and a return on equity of 36.12%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.69 earnings per share. On average, equities research analysts forecast that Tractor Supply will post 4.75 earnings per share for the current fiscal year.

In related news, SVP John P. Ordus sold 10,968 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $104.09, for a total transaction of $1,141,659.12. Following the completion of the transaction, the senior vice president now owns 21,000 shares of the company’s stock, valued at $2,185,890. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Steve K. Barbarick sold 36,108 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $104.10, for a total value of $3,758,842.80. Following the transaction, the chief operating officer now directly owns 60,258 shares of the company’s stock, valued at approximately $6,272,857.80. The disclosure for this sale can be found here. Insiders have sold 79,943 shares of company stock valued at $8,322,943 in the last ninety days. Company insiders own 1.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in TSCO. Icon Wealth Partners LLC purchased a new stake in shares of Tractor Supply during the first quarter valued at $27,000. Liberty Wealth Management LLC purchased a new stake in shares of Tractor Supply during the fourth quarter valued at $31,000. Lindbrook Capital LLC lifted its holdings in shares of Tractor Supply by 79.7% during the first quarter. Lindbrook Capital LLC now owns 451 shares of the specialty retailer’s stock valued at $44,000 after purchasing an additional 200 shares during the last quarter. Pinnacle Financial Partners Inc. purchased a new stake in shares of Tractor Supply during the first quarter valued at $49,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Tractor Supply by 241.8% during the first quarter. Quadrant Capital Group LLC now owns 523 shares of the specialty retailer’s stock valued at $50,000 after purchasing an additional 370 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

About Tractor Supply

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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