Tractor Supply (NASDAQ:TSCO) was downgraded by equities researchers at Wedbush from an “outperform” rating to a “neutral” rating in a report issued on Thursday, January 11th, MarketBeat.com reports. They currently have a $80.00 price objective on the specialty retailer’s stock, up from their previous price objective of $72.00. Wedbush’s price objective would indicate a potential upside of 17.86% from the stock’s previous close. Wedbush also issued estimates for Tractor Supply’s FY2017 earnings at $3.30 EPS, Q1 2018 earnings at $0.59 EPS and Q3 2018 earnings at $0.85 EPS.
A number of other equities research analysts have also weighed in on the company. Moffett Nathanson initiated coverage on Tractor Supply in a research note on Monday, December 4th. They set a “neutral” rating on the stock. TheStreet upgraded Tractor Supply from a “c+” rating to a “b” rating in a research note on Wednesday, December 20th. Loop Capital set a $55.00 price target on Tractor Supply and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research lowered Tractor Supply from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Finally, Credit Suisse Group restated a “hold” rating and set a $54.00 price target on shares of Tractor Supply in a research note on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $72.85.
Tractor Supply (NASDAQ:TSCO) traded down $3.56 on Thursday, reaching $67.88. The company’s stock had a trading volume of 4,546,991 shares, compared to its average volume of 1,880,000. Tractor Supply has a 52 week low of $49.87 and a 52 week high of $82.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.00 and a quick ratio of 0.17. The stock has a market capitalization of $8,520.00, a price-to-earnings ratio of 20.51, a PEG ratio of 1.41 and a beta of 1.17.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Tractor Supply had a return on equity of 31.03% and a net margin of 5.82%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. research analysts predict that Tractor Supply will post 3.92 earnings per share for the current fiscal year.
In other Tractor Supply news, CMO Steve K. Barbarick sold 43,076 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Wrapmanager Inc. acquired a new position in Tractor Supply in the fourth quarter valued at approximately $531,000. Redmond Asset Management LLC lifted its holdings in Tractor Supply by 1.5% in the fourth quarter. Redmond Asset Management LLC now owns 104,372 shares of the specialty retailer’s stock valued at $7,802,000 after acquiring an additional 1,513 shares during the period. US Bancorp DE lifted its holdings in Tractor Supply by 1.6% in the fourth quarter. US Bancorp DE now owns 191,040 shares of the specialty retailer’s stock valued at $14,280,000 after acquiring an additional 3,050 shares during the period. Aperio Group LLC lifted its holdings in Tractor Supply by 130.6% in the fourth quarter. Aperio Group LLC now owns 139,602 shares of the specialty retailer’s stock valued at $10,435,000 after acquiring an additional 79,075 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Tractor Supply in the fourth quarter valued at approximately $187,000. 92.61% 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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