Tractor Supply (NASDAQ:TSCO) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.
Several other equities analysts also recently commented on TSCO. Robert W. Baird reiterated a “buy” rating and issued a $66.00 price objective on shares of Tractor Supply in a report on Friday, November 10th. KeyCorp reissued a “hold” rating on shares of Tractor Supply in a research report on Friday, November 10th. Morgan Stanley boosted their target price on shares of Tractor Supply from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Thursday, November 16th. Oppenheimer reissued a “hold” rating on shares of Tractor Supply in a research report on Friday, December 1st. Finally, Moffett Nathanson started coverage on shares of Tractor Supply in a research report on Monday, December 4th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the stock. Tractor Supply presently has a consensus rating of “Hold” and an average target price of $73.10.
Tractor Supply (NASDAQ TSCO) opened at $65.34 on Friday. Tractor Supply has a fifty-two week low of $49.87 and a fifty-two week high of $82.68. The company has a market cap of $8,180.00, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.20 and a beta of 1.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.95 and a quick ratio of 0.24.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data 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 firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the company earned $0.94 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. equities research analysts predict that Tractor Supply will post 4.1 EPS 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 completion of the sale, the director now owns 10,949 shares of the company’s stock, valued at $734,349.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Steve K. Barbarick sold 43,076 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of TSCO. Calton & Associates Inc. bought a new stake in Tractor Supply during the fourth quarter worth about $109,000. Global X MANAGEMENT CO LLC lifted its holdings in shares of Tractor Supply by 191.7% in the third quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock worth $113,000 after acquiring an additional 1,173 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Tractor Supply in the fourth quarter worth about $187,000. Kennedy Capital Management Inc. bought a new position in shares of Tractor Supply in the fourth quarter worth about $204,000. Finally, Advisor Partners LLC bought a new position in shares of Tractor Supply in the fourth quarter worth about $207,000. 83.10% of the stock is owned by institutional investors and hedge funds.
Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.