BidaskClub upgraded shares of Tractor Supply (NASDAQ:TSCO) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday, January 6th.
Several other equities research analysts also recently commented on the stock. Loop Capital set a $55.00 price objective on shares of Tractor Supply and gave the company a hold rating in a report on Wednesday, October 25th. Moffett Nathanson initiated coverage on shares of Tractor Supply in a report on Monday, December 4th. They issued a neutral rating on the stock. TheStreet raised shares of Tractor Supply from a c+ rating to a b rating in a report on Wednesday, December 20th. Zacks Investment Research downgraded shares of Tractor Supply from a hold rating to a sell rating in a report on Monday, October 16th. Finally, Credit Suisse Group reaffirmed a hold rating and issued a $54.00 target price on shares of Tractor Supply in a research note on Wednesday, September 13th. Sixteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of Hold and an average price target of $67.80.
Tractor Supply (NASDAQ TSCO) traded up $1.12 during midday trading on Friday, hitting $79.61. 2,099,397 shares of the stock traded hands, compared to its average volume of 1,608,317. The company has a market cap of $9,855.55, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 1.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 2.00. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $79.85.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.68 billion. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. equities analysts forecast that Tractor Supply will post 3.29 EPS for the current fiscal year.
In other news, CMO Steve K. Barbarick sold 43,076 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $69.03, for a total value of $2,973,536.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Virginia Retirement Systems ET AL lifted its stake in Tractor Supply by 4.9% in the second quarter. Virginia Retirement Systems ET AL now owns 4,300 shares of the specialty retailer’s stock worth $233,000 after acquiring an additional 200 shares during the period. Tredje AP fonden lifted its position in Tractor Supply by 2.8% during the second quarter. Tredje AP fonden now owns 9,580 shares of the specialty retailer’s stock valued at $519,000 after buying an additional 260 shares during the period. Sentry Investment Management LLC lifted its position in Tractor Supply by 3.1% during the second quarter. Sentry Investment Management LLC now owns 8,957 shares of the specialty retailer’s stock valued at $486,000 after buying an additional 268 shares during the period. Commonwealth Bank of Australia lifted its position in Tractor Supply by 15.4% during the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after buying an additional 317 shares during the period. Finally, Formidable Asset Management LLC lifted its position in Tractor Supply by 1.8% during the second quarter. Formidable Asset Management LLC now owns 19,429 shares of the specialty retailer’s stock valued at $1,053,000 after buying an additional 341 shares during the period. 92.33% of the stock is owned by institutional investors.
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Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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