Tractor Supply (NASDAQ:TSCO) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.
A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Tractor Supply from a “buy” rating to a “hold” rating in a report on Tuesday. Moffett Nathanson raised shares of Tractor Supply from a “neutral” rating to a “buy” rating in a report on Monday, March 5th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Tractor Supply in a report on Tuesday, February 27th. TheStreet downgraded shares of Tractor Supply from a “b” rating to a “c+” rating in a report on Wednesday, February 21st. Finally, Loop Capital cut their price objective on shares of Tractor Supply to $68.00 and set a “hold” rating on the stock in a report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company. Tractor Supply presently has a consensus rating of “Hold” and a consensus price target of $73.67.
Shares of Tractor Supply (TSCO) opened at $65.34 on Friday. The company has a market cap of $8,290.00, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.17 and a beta of 1.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.24 and a current ratio of 1.95. 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 quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.04. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $0.94 EPS. equities research analysts forecast that Tractor Supply will post 4.1 earnings per share for the current fiscal year.
In related news, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the director now directly owns 10,949 shares in the company, valued at $734,349.43. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. OppenheimerFunds Inc. lifted its holdings in Tractor Supply by 5.3% during the fourth quarter. OppenheimerFunds Inc. now owns 16,438 shares of the specialty retailer’s stock valued at $1,229,000 after purchasing an additional 823 shares during the last quarter. Mariner Wealth Advisors LLC lifted its holdings in Tractor Supply by 3.6% during the fourth quarter. Mariner Wealth Advisors LLC now owns 24,787 shares of the specialty retailer’s stock valued at $1,853,000 after purchasing an additional 856 shares during the last quarter. Arizona State Retirement System lifted its holdings in Tractor Supply by 1.9% during the fourth quarter. Arizona State Retirement System now owns 47,260 shares of the specialty retailer’s stock valued at $3,533,000 after purchasing an additional 860 shares during the last quarter. Alps Advisors Inc. lifted its holdings in Tractor Supply by 14.3% during the third quarter. Alps Advisors Inc. now owns 7,626 shares of the specialty retailer’s stock valued at $483,000 after purchasing an additional 953 shares during the last quarter. Finally, Griffin Asset Management Inc. lifted 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 last quarter. 83.10% of the stock is currently owned by institutional investors.
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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.
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