BidaskClub cut shares of Tractor Supply (NASDAQ:TSCO) from a buy rating to a hold rating in a research report report published on Friday morning.
A number of other brokerages have also recently commented on TSCO. Zacks Investment Research upgraded shares of Tractor Supply from a hold rating to a buy rating and set a $97.00 target price for the company in a research report on Tuesday, August 28th. Royal Bank of Canada upgraded shares of Tractor Supply from a sector perform rating to an outperform rating in a research report on Thursday, October 25th. Morgan Stanley increased their target price on shares of Tractor Supply from $70.00 to $75.00 and gave the company an equal weight rating in a research report on Friday, July 27th. Wells Fargo & Co reiterated a buy rating on shares of Tractor Supply in a research report on Thursday, July 26th. Finally, Oppenheimer increased their target price on shares of Tractor Supply from $80.00 to $80.00 and gave the company an outperform rating in a research report on Friday, August 17th. Twelve research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $87.73.
Shares of NASDAQ TSCO opened at $93.85 on Friday. The stock has a market capitalization of $11.43 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 1.79 and a beta of 1.22. The company has a quick ratio of 0.21, a current ratio of 1.99 and a debt-to-equity ratio of 0.39. Tractor Supply has a 52 week low of $58.27 and a 52 week high of $95.17.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, October 25th. The specialty retailer reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.08. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Tractor Supply had a net margin of 6.54% and a return on equity of 36.23%. As a group, equities research analysts predict that Tractor Supply will post 4.29 EPS for the current fiscal year.
In related news, CFO Kurt D. Barton sold 6,156 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $84.50, for a total transaction of $520,182.00. Following the completion of the sale, the chief financial officer now directly owns 32,327 shares in the company, valued at $2,731,631.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory A. Sandfort sold 140,709 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $90.28, for a total transaction of $12,703,208.52. Following the sale, the chief executive officer now owns 118,845 shares of the company’s stock, valued at $10,729,326.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 204,530 shares of company stock valued at $18,348,570. 1.60% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Piedmont Investment Advisors LLC acquired a new stake in shares of Tractor Supply during the second quarter valued at about $106,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Tractor Supply during the third quarter valued at about $142,000. Private Capital Group LLC increased its position in shares of Tractor Supply by 66.1% during the third quarter. Private Capital Group LLC now owns 1,648 shares of the specialty retailer’s stock valued at $149,000 after acquiring an additional 656 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Tractor Supply during the second quarter valued at about $130,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Tractor Supply by 118.9% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,751 shares of the specialty retailer’s stock valued at $134,000 after acquiring an additional 951 shares during the last quarter. Institutional investors and hedge funds own 82.02% of the company’s stock.
Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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