Tractor Supply (NASDAQ:TSCO) has been given a $70.00 target price by Stephens in a note issued to investors on Tuesday. The firm presently has a “hold” rating on the specialty retailer’s stock. Stephens’ price target indicates a potential upside of 15.40% from the company’s current price.
A number of other brokerages have also recently commented on TSCO. Telsey Advisory Group cut Tractor Supply from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $62.00 to $83.00 in a research report on Thursday, January 25th. They noted that the move was a valuation call. BidaskClub cut Tractor Supply from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Guggenheim restated a “buy” rating and issued a $88.00 price target on shares of Tractor Supply in a research report on Tuesday, January 16th. Zacks Investment Research upgraded Tractor Supply from a “hold” rating to a “strong-buy” rating and set a $89.00 price target for the company in a research report on Monday, January 8th. Finally, Wedbush cut Tractor Supply from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $72.00 to $80.00 in a research report on Thursday, January 11th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $73.68.
Shares of TSCO opened at $60.66 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.95 and a quick ratio of 0.24. The stock has a market capitalization of $7,404.12, a price-to-earnings ratio of 18.22, a P/E/G ratio of 1.12 and a beta of 1.28. Tractor Supply has a 52 week low of $49.87 and a 52 week high of $82.68.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.94 earnings per share. research analysts anticipate that Tractor Supply will post 4.04 earnings per share for the current fiscal year.
In related news, Director Edna Morris sold 1,054 shares of the 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 directly 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 is available through this link. 1.60% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Calton & Associates Inc. bought a new position in Tractor Supply during the fourth quarter valued at approximately $109,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Tractor Supply during the fourth quarter valued at approximately $187,000. Kennedy Capital Management Inc. bought a new position in Tractor Supply during the fourth quarter valued at approximately $204,000. Advisor Partners LLC bought a new position in Tractor Supply during the fourth quarter valued at approximately $207,000. Finally, Kelman Lazarov Inc. bought a new position in Tractor Supply during the fourth quarter valued at approximately $209,000. 84.10% of the stock is owned by institutional investors.
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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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