Tractor Supply (NASDAQ:TSCO) was downgraded by stock analysts at TheStreet from a “b” rating to a “c+” rating in a report released on Wednesday.
Several other research analysts have also recently weighed in on the stock. Loop Capital cut their price target on shares of Tractor Supply to $68.00 and set a “hold” rating on the stock in a report on Wednesday. UBS Group restated a “neutral” rating and set a $75.00 price target (down from $80.00) on shares of Tractor Supply in a report on Wednesday. Wedbush restated a “hold” rating and set a $69.00 price target (down from $80.00) on shares of Tractor Supply in a report on Wednesday. BidaskClub cut shares of Tractor Supply from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Finally, BMO Capital Markets boosted their price target on shares of Tractor Supply to $73.00 and gave the stock a “market perform” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Tractor Supply presently has an average rating of “Hold” and an average price target of $73.35.
Shares of Tractor Supply (NASDAQ TSCO) opened at $65.79 on Wednesday. The company has a current ratio of 1.95, a quick ratio of 0.24 and a debt-to-equity ratio of 0.31. The company has a market cap of $8,324.92, a PE ratio of 19.94, a PEG ratio of 1.22 and a beta of 1.17. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $82.68.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, topping the 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 company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. research analysts anticipate that Tractor Supply will post 4.1 EPS for the current year.
In related news, CMO Steve K. Barbarick sold 43,076 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $69.03, for a total transaction of $2,973,536.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Edna Morris sold 1,054 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 10,949 shares in the company, valued at $734,349.43. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Tractor Supply by 0.9% during the 4th quarter. BlackRock Inc. now owns 8,125,064 shares of the specialty retailer’s stock valued at $607,347,000 after buying an additional 68,965 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Tractor Supply by 1.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,413,006 shares of the specialty retailer’s stock valued at $405,879,000 after buying an additional 114,539 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Tractor Supply by 138.6% during the 3rd quarter. Janus Henderson Group PLC now owns 5,096,520 shares of the specialty retailer’s stock valued at $322,558,000 after buying an additional 2,960,119 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Tractor Supply during the 4th quarter valued at approximately $139,359,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Tractor Supply by 10.8% during the 3rd quarter. Wells Fargo & Company MN now owns 1,715,032 shares of the specialty retailer’s stock valued at $108,545,000 after buying an additional 167,097 shares in the last quarter. Institutional investors own 87.83% of the company’s stock.
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About Tractor Supply
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.
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