Tractor Supply (NASDAQ:TSCO) had its price objective cut by equities research analysts at Loop Capital to $68.00 in a note issued to investors on Wednesday. The firm presently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s price objective would indicate a potential upside of 1.16% from the company’s current price.
TSCO has been the subject of several other research reports. Piper Jaffray Companies restated a “hold” rating and issued a $56.00 price target on shares of Tractor Supply in a research note on Friday, October 27th. Royal Bank of Canada boosted their price target on Tractor Supply to $74.00 and gave the stock a “sector perform” rating in a research note on Monday, January 29th. KeyCorp restated a “hold” rating on shares of Tractor Supply in a research note on Friday, November 10th. Wedbush set a $69.00 price target on Tractor Supply and gave the stock a “hold” rating in a research note on Wednesday. Finally, Robert W. Baird set a $66.00 price target on Tractor Supply and gave the stock a “buy” rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Tractor Supply has an average rating of “Hold” and an average target price of $73.35.
Tractor Supply (TSCO) traded down $0.10 during mid-day trading on Wednesday, hitting $67.22. The stock had a trading volume of 1,507,900 shares, compared to its average volume of 2,119,768. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $82.68. The company has a quick ratio of 0.24, a current ratio of 1.95 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $8,410.00, a PE ratio of 20.07, a P/E/G ratio of 1.24 and a beta of 1.17.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.04. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the business earned $0.94 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. analysts expect that Tractor Supply will post 4.1 EPS for the current year.
In other Tractor Supply news, Director Edna Morris sold 1,054 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total transaction of $70,691.78. Following the completion of the sale, the director now owns 10,949 shares of the company’s stock, valued at $734,349.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Steve K. Barbarick sold 43,076 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $69.03, for a total value of $2,973,536.28. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB grew its holdings in Tractor Supply by 5.0% during the fourth quarter. Xact Kapitalforvaltning AB now owns 21,929 shares of the specialty retailer’s stock valued at $1,639,000 after purchasing an additional 1,045 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Tractor Supply by 6.4% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 58,026 shares of the specialty retailer’s stock valued at $4,337,000 after purchasing an additional 3,466 shares during the period. Griffin Asset Management Inc. grew its holdings in Tractor Supply by 1.9% during the fourth quarter. Griffin Asset Management Inc. now owns 53,425 shares of the specialty retailer’s stock valued at $3,994,000 after purchasing an additional 1,010 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in Tractor Supply by 63.2% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,200 shares of the specialty retailer’s stock valued at $463,000 after purchasing an additional 2,400 shares during the period. Finally, Fieldpoint Private Securities LLC grew its holdings in Tractor Supply by 41.5% during the fourth quarter. Fieldpoint Private Securities LLC now owns 5,421 shares of the specialty retailer’s stock valued at $405,000 after purchasing an additional 1,591 shares during the period. 87.83% of the stock is owned by institutional investors and hedge funds.
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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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