Tractor Supply (NASDAQ:TSCO) had its price objective decreased by Deutsche Bank from $72.00 to $65.00 in a research report sent to investors on Tuesday morning. Deutsche Bank currently has a hold rating on the specialty retailer’s stock.
Other equities research analysts also recently issued research reports about the stock. TheStreet raised shares of Tractor Supply from a c+ rating to a b rating in a research note on Wednesday, December 20th. Northcoast Research reaffirmed a buy rating on shares of Tractor Supply in a research note on Wednesday, January 3rd. Zacks Investment Research raised shares of Tractor Supply from a hold rating to a buy rating and set a $83.00 price target on the stock in a research note on Tuesday, December 26th. BidaskClub raised shares of Tractor Supply from a hold rating to a buy rating in a research note on Friday, December 22nd. Finally, Guggenheim reaffirmed a buy rating and set a $88.00 price target on shares of Tractor Supply in a research note on Tuesday, January 16th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company’s stock. Tractor Supply currently has a consensus rating of Hold and an average target price of $73.68.
Tractor Supply stock opened at $60.33 on Tuesday. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $82.68. The firm has a market cap of $7,514.37, a P/E ratio of 18.12, a PEG ratio of 1.12 and a beta of 1.28. The company has a current ratio of 1.95, a quick ratio of 0.24 and a debt-to-equity ratio of 0.31.
Tractor Supply (NASDAQ:TSCO) last released 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. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The firm 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 firm posted $0.94 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. equities analysts expect that Tractor Supply will post 4.09 EPS for the current fiscal year.
In other Tractor Supply news, Director Edna Morris sold 1,054 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were 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 approximately $734,349.43. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of TSCO. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Tractor Supply in the 4th quarter valued at about $139,359,000. CWM LLC boosted its holdings in shares of Tractor Supply by 106,641.1% in the 4th quarter. CWM LLC now owns 480,335 shares of the specialty retailer’s stock valued at $35,905,000 after buying an additional 479,885 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Tractor Supply by 180.8% in the 4th quarter. Alliancebernstein L.P. now owns 680,823 shares of the specialty retailer’s stock valued at $50,892,000 after buying an additional 438,384 shares during the period. Champlain Investment Partners LLC boosted its holdings in shares of Tractor Supply by 52.9% in the 4th quarter. Champlain Investment Partners LLC now owns 932,075 shares of the specialty retailer’s stock valued at $69,673,000 after buying an additional 322,655 shares during the period. Finally, Element Capital Management LLC acquired a new position in shares of Tractor Supply in the 4th quarter valued at about $21,118,000. 84.10% of the stock is owned by institutional investors and hedge funds.
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About Tractor Supply
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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