Tractor Supply (NASDAQ:TSCO) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
TSCO has been the topic of several other research reports. Northcoast Research reissued a “buy” rating on shares of Tractor Supply in a research report on Wednesday, January 3rd. Wolfe Research raised shares of Tractor Supply from a “market perform” rating to an “outperform” rating in a research report on Wednesday, December 20th. Guggenheim reissued a “buy” rating and set a $88.00 price target on shares of Tractor Supply in a research report on Tuesday, January 16th. Sanford C. Bernstein reissued a “buy” rating on shares of Tractor Supply in a research report on Tuesday, February 27th. Finally, Bank of America cut shares of Tractor Supply from a “buy” rating to an “underperform” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $73.10.
Tractor Supply (NASDAQ:TSCO) opened at $64.38 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.24 and a current ratio of 1.95. The firm has a market cap of $7,880.00, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.15 and a beta of 1.27. Tractor Supply has a 12 month low of $49.87 and a 12 month high of $82.68.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.04. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 earnings per share. equities analysts forecast that Tractor Supply will post 4.1 EPS for the current year.
In related news, Director Edna Morris sold 1,054 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total value of $70,691.78. Following the sale, the director now owns 10,949 shares of the company’s stock, valued at $734,349.43. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $2,973,536.28. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. OppenheimerFunds Inc. raised 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 worth $1,229,000 after purchasing an additional 823 shares in the last quarter. Mariner Wealth Advisors LLC raised 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 worth $1,853,000 after purchasing an additional 856 shares in the last quarter. Arizona State Retirement System raised 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 worth $3,533,000 after purchasing an additional 860 shares in the last quarter. Alps Advisors Inc. raised 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 worth $483,000 after purchasing an additional 953 shares in the last quarter. Finally, Griffin Asset Management Inc. raised 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 worth $3,994,000 after purchasing an additional 1,010 shares in the last quarter. 83.43% of the stock is currently owned by hedge funds and other 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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