Tractor Supply (NASDAQ:TSCO) has received an average recommendation of “Buy” from the twenty-two ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $108.68.
TSCO has been the subject of a number of research analyst reports. Nomura initiated coverage on Tractor Supply in a research report on Friday, November 8th. They set a “neutral” rating and a $100.00 target price for the company. Wells Fargo & Co reaffirmed a “buy” rating and set a $115.00 target price on shares of Tractor Supply in a research report on Thursday, December 5th. Raymond James initiated coverage on Tractor Supply in a research report on Monday, October 7th. They set a “strong-buy” rating and a $115.00 target price for the company. Northcoast Research raised Tractor Supply from a “neutral” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Wednesday, October 2nd. Finally, Guggenheim reaffirmed a “buy” rating and set a $110.00 target price (down from $120.00) on shares of Tractor Supply in a research report on Friday, September 20th.
In other news, EVP Benjamin F. Parrish, Jr. sold 300 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $98.48, for a total value of $29,544.00. Following the completion of the transaction, the executive vice president now directly owns 26,022 shares of the company’s stock, valued at approximately $2,562,646.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Chad Michael Frazell sold 13,441 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $98.49, for a total value of $1,323,804.09. Insiders own 1.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in TSCO. Usca Ria LLC purchased a new position in Tractor Supply during the 3rd quarter worth $27,000. Gradient Investments LLC grew its stake in Tractor Supply by 3,525.0% during the 4th quarter. Gradient Investments LLC now owns 290 shares of the specialty retailer’s stock worth $27,000 after buying an additional 282 shares during the last quarter. Allred Capital Management LLC purchased a new position in Tractor Supply during the 4th quarter worth $28,000. Executive Wealth Management LLC grew its stake in Tractor Supply by 56.4% during the 3rd quarter. Executive Wealth Management LLC now owns 352 shares of the specialty retailer’s stock worth $31,000 after buying an additional 127 shares during the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management purchased a new position in Tractor Supply during the 3rd quarter worth $45,000. Hedge funds and other institutional investors own 83.22% of the company’s stock.
NASDAQ TSCO traded up $1.70 on Friday, reaching $92.79. 1,352,746 shares of the stock traded hands, compared to its average volume of 1,398,131. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.15 and a current ratio of 1.60. The company has a fifty day moving average price of $93.45 and a 200-day moving average price of $98.62. The company has a market cap of $10.99 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 1.52 and a beta of 1.00. Tractor Supply has a 12 month low of $82.62 and a 12 month high of $114.25.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.01). The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. Tractor Supply had a net margin of 6.69% and a return on equity of 36.64%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $0.95 earnings per share. As a group, research analysts anticipate that Tractor Supply will post 4.71 earnings per share for the current fiscal year.
About Tractor Supply
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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