Tractor Supply (NASDAQ:TSCO) gapped up before the market opened on Monday . The stock had previously closed at $56.42, but opened at $58.32. Tractor Supply shares last traded at $59.77, with a volume of 3376625 shares.
TSCO has been the topic of a number of recent research reports. Northcoast Research reiterated a “buy” rating on shares of Tractor Supply in a research note on Wednesday, January 3rd. Wolfe Research upgraded shares of Tractor Supply from a “market perform” rating to an “outperform” rating in a research note on Wednesday, December 20th. Guggenheim reiterated a “buy” rating and set a $88.00 price target on shares of Tractor Supply in a research note on Tuesday, January 16th. Sanford C. Bernstein reiterated a “buy” rating on shares of Tractor Supply in a research note on Tuesday, February 27th. Finally, BidaskClub upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $73.42.
The company has a current ratio of 1.95, a quick ratio of 0.24 and a debt-to-equity ratio of 0.31. The company has a market cap of $7,224.50, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 1.09 and a beta of 1.28.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.04. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the company earned $0.94 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. equities research analysts forecast that Tractor Supply will post 4.04 earnings per share for the current year.
In related news, Director Edna Morris sold 1,054 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total transaction of $70,691.78. Following the transaction, the director now owns 10,949 shares in the company, valued at approximately $734,349.43. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Calton & Associates Inc. acquired a new position in Tractor Supply during the 4th quarter worth about $109,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Tractor Supply during the 4th quarter worth about $187,000. Advisor Partners LLC acquired a new position in Tractor Supply during the 4th quarter worth about $207,000. CAPROCK Group Inc. acquired a new position in Tractor Supply during the 4th quarter worth about $214,000. Finally, Kennedy Capital Management Inc. acquired a new position in Tractor Supply during the 4th quarter worth about $204,000. Institutional investors and hedge funds own 84.10% of the company’s stock.
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Tractor Supply Company Profile
Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm and ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The company operates its retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.
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