Tractor Supply (TSCO) Stock Rating Lowered by TheStreet

Tractor Supply (NASDAQ:TSCO) was downgraded by stock analysts at TheStreet from a “b” rating to a “c+” rating in a research report issued on Wednesday.

Other research analysts have also recently issued reports about the stock. Wedbush reiterated a “hold” rating and set a $69.00 price target (down from $80.00) on shares of Tractor Supply in a research report on Wednesday. Stephens set a $79.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a research report on Wednesday, January 17th. Royal Bank of Canada increased their price target on shares of Tractor Supply to $74.00 and gave the company a “sector perform” rating in a research report on Monday, January 29th. Oppenheimer reiterated a “hold” rating on shares of Tractor Supply in a research report on Thursday, February 1st. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $76.00 price target (down from $83.00) on shares of Tractor Supply in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Tractor Supply has an average rating of “Hold” and a consensus price target of $73.35.

Shares of Tractor Supply (NASDAQ TSCO) opened at $65.79 on Wednesday. The firm has a market cap of $8,324.92, a P/E ratio of 19.94, a P/E/G ratio of 1.22 and a beta of 1.17. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.95 and a quick ratio of 0.24. Tractor Supply has a one year low of $49.87 and a one year high of $82.68.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.93 billion. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. Tractor Supply’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $0.94 earnings per share. equities analysts anticipate that Tractor Supply will post 4.1 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. Also, Director Edna Morris sold 1,054 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 10,949 shares in the company, valued at approximately $734,349.43. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB boosted its holdings in Tractor Supply by 5.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 21,929 shares of the specialty retailer’s stock valued at $1,639,000 after acquiring an additional 1,045 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Tractor Supply by 6.4% in 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 acquiring an additional 3,466 shares in the last quarter. Griffin Asset Management Inc. boosted its holdings in Tractor Supply by 1.9% in the fourth quarter. Griffin Asset Management Inc. now owns 53,425 shares of the specialty retailer’s stock valued at $3,994,000 after acquiring an additional 1,010 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Tractor Supply by 63.2% in 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 acquiring an additional 2,400 shares in the last quarter. Finally, Fieldpoint Private Securities LLC boosted its holdings in Tractor Supply by 41.5% in the fourth quarter. Fieldpoint Private Securities LLC now owns 5,421 shares of the specialty retailer’s stock valued at $405,000 after acquiring an additional 1,591 shares in the last quarter. Institutional investors and hedge funds own 87.83% of the company’s stock.

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About Tractor Supply

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.

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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