Research Analysts’ Weekly Ratings Updates for Tractor Supply (TSCO)

Tractor Supply (NASDAQ: TSCO) recently received a number of ratings updates from brokerages and research firms:

  • 3/17/2018 – Tractor Supply was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 3/10/2018 – Tractor Supply was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 3/6/2018 – Tractor Supply was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Tractor Supply is focused on store growth initiatives, ONETractor plan and investment in everyday businesses which helped it surpass the industry in the past six months. Further, the company is set to gain from solid omni-channel efforts. This fuelled Tractor Supply’s fourth-quarter 2017 results, wherein earnings and sales topped estimates and improved year over year. Results gained from solid comps driven by strength across all regions and major product categories. Further, the company provided an encouraging guidance for fourth quarter and 2018. However, the company expects continued cost pressures from rising freight rates due to a shortage of drivers and higher diesel fuel prices, as well as inflationary wage pressures across retail locations and the supply chain. Further, it is working to strike a balance between initiatives and investments in stores and distribution centers with strict cost disciplines and operational efficiencies.”
  • 3/5/2018 – Tractor Supply was upgraded by analysts at Moffett Nathanson from a “neutral” rating to a “buy” rating.
  • 2/27/2018 – Tractor Supply had its “buy” rating reaffirmed by analysts at Sanford C. Bernstein.
  • 2/26/2018 – Tractor Supply is now covered by analysts at Sanford C. Bernstein. They set an “outperform” rating and a $80.00 price target on the stock.
  • 2/21/2018 – Tractor Supply had its “neutral” rating reaffirmed by analysts at UBS. They now have a $75.00 price target on the stock, down previously from $80.00.
  • 2/21/2018 – Tractor Supply had its price target lowered by analysts at Loop Capital to $68.00. They now have a “hold” rating on the stock.
  • 2/21/2018 – Tractor Supply had its “hold” rating reaffirmed by analysts at Wedbush. They now have a $69.00 price target on the stock, down previously from $80.00.
  • 2/21/2018 – Tractor Supply was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 2/3/2018 – Tractor Supply was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 2/2/2018 – Tractor Supply was downgraded by analysts at Bank of America Corp from a “buy” rating to an “underperform” rating.
  • 2/2/2018 – Tractor Supply had its price target raised by analysts at Piper Jaffray Companies from $56.00 to $71.00. They now have a “neutral” rating on the stock.
  • 2/2/2018 – Tractor Supply had its price target raised by analysts at BMO Capital Markets to $73.00. They now have a “market perform” rating on the stock.
  • 2/1/2018 – Tractor Supply had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $76.00 price target on the stock, down previously from $83.00.
  • 2/1/2018 – Tractor Supply had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 1/29/2018 – Tractor Supply had its price target raised by analysts at Royal Bank of Canada to $74.00. They now have a “sector perform” rating on the stock.
  • 1/29/2018 – Tractor Supply had its “neutral” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $73.00 price target on the stock, up previously from $52.00.
  • 1/25/2018 – Tractor Supply was downgraded by analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating. They now have a $83.00 price target on the stock, up previously from $62.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/25/2018 – Tractor Supply was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Shares of Tractor Supply stock traded down $1.40 during mid-day trading on Monday, reaching $62.98. The company’s stock had a trading volume of 787,120 shares, compared to its average volume of 1,968,221. The company has a quick ratio of 0.24, a current ratio of 1.95 and a debt-to-equity ratio of 0.31. The stock has a market cap of $8,055.02, a price-to-earnings ratio of 19.08, a P/E/G ratio of 1.19 and a beta of 1.27. Tractor Supply has a 12 month low of $49.87 and a 12 month high of $82.68.

How to Become a New Pot Stock Millionaire

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the firm posted $0.94 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. equities research analysts predict that Tractor Supply will post 4.1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, February 23rd. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. Tractor Supply’s dividend payout ratio is presently 32.73%.

In other news, Director Edna Morris sold 1,054 shares of Tractor Supply stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total transaction of $70,691.78. Following the transaction, the director now owns 10,949 shares in the company, valued at approximately $734,349.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by insiders.

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.

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply