Tractor Supply (NASDAQ:TSCO) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Friday, December 22nd.
A number of other research analysts have also issued reports on the company. Bank of America restated a “buy” rating and set a $69.00 price objective on shares of Tractor Supply in a research report on Tuesday, September 5th. Loop Capital set a $55.00 price target on Tractor Supply and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Moffett Nathanson began coverage on Tractor Supply in a research report on Monday, December 4th. They set a “neutral” rating for the company. Credit Suisse Group reiterated a “hold” rating and set a $54.00 price target on shares of Tractor Supply in a research report on Wednesday, September 13th. Finally, Zacks Investment Research downgraded Tractor Supply from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Sixteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Tractor Supply currently has a consensus rating of “Hold” and a consensus target price of $67.80.
Shares of Tractor Supply (TSCO) traded up $1.12 on Friday, hitting $79.61. The stock had a trading volume of 2,099,397 shares, compared to its average volume of 1,608,317. The firm 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 current ratio of 2.00, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. Tractor Supply has a one year low of $49.87 and a one year high of $79.85.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm earned $0.67 EPS. The business’s revenue was up 11.6% on a year-over-year basis. sell-side analysts forecast that Tractor Supply will post 3.29 EPS for the current year.
In other news, CMO Steve K. Barbarick sold 43,076 shares of Tractor Supply stock in a transaction on Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of TSCO. Sei Investments Co. grew its stake in Tractor Supply by 114.0% in the second quarter. Sei Investments Co. now owns 42,533 shares of the specialty retailer’s stock valued at $2,305,000 after purchasing an additional 22,654 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Tractor Supply by 7.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 449,218 shares of the specialty retailer’s stock valued at $24,353,000 after purchasing an additional 29,650 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Tractor Supply by 23.3% during the 2nd quarter. Legal & General Group Plc now owns 645,039 shares of the specialty retailer’s stock worth $34,967,000 after acquiring an additional 121,922 shares in the last quarter. Tocqueville Asset Management L.P. boosted its stake in shares of Tractor Supply by 37.5% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 27,500 shares of the specialty retailer’s stock worth $1,491,000 after acquiring an additional 7,500 shares in the last quarter. Finally, Virginia Retirement Systems ET AL boosted its stake in shares of Tractor Supply by 4.9% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 92.33% of the company’s stock.
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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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