Goldman Sachs upgraded shares of Tractor Supply (NASDAQ:TSCO) from a neutral rating to a buy rating in a research note published on Monday morning, MarketBeat reports. The firm currently has $79.00 target price on the specialty retailer’s stock, up from their prior target price of $72.00.
A number of other equities research analysts also recently issued reports on TSCO. BidaskClub downgraded shares of Tractor Supply from a hold rating to a sell rating in a research note on Tuesday, April 10th. Wedbush reiterated a neutral rating and set a $69.00 price objective (up from $60.00) on shares of Tractor Supply in a research note on Monday, April 9th. BMO Capital Markets increased their price objective on shares of Tractor Supply to $73.00 and gave the stock a market perform rating in a research note on Friday, February 2nd. Oppenheimer reiterated a hold rating on shares of Tractor Supply in a research note on Thursday, February 1st. Finally, Zacks Investment Research downgraded shares of Tractor Supply from a buy rating to a hold rating in a research note on Tuesday, March 6th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $73.42.
Shares of Tractor Supply stock opened at $59.77 on Monday. The stock has a market cap of $7,224.50, a price-to-earnings ratio of 17.95, a PEG ratio of 1.09 and a beta of 1.28. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.24 and a current ratio of 1.95. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $82.68.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.93 billion. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. analysts predict that Tractor Supply will post 4.04 EPS for the current fiscal year.
In other news, Director Edna Morris sold 1,054 shares of the firm’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 value of $70,691.78. Following the sale, the director now directly owns 10,949 shares in the company, valued at approximately $734,349.43. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Xact Kapitalforvaltning AB raised its holdings in Tractor Supply by 5.0% in the 4th quarter. Xact Kapitalforvaltning AB now owns 21,929 shares of the specialty retailer’s stock valued at $1,639,000 after buying an additional 1,045 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Tractor Supply by 6.4% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 58,026 shares of the specialty retailer’s stock valued at $4,337,000 after buying an additional 3,466 shares during the last quarter. Griffin Asset Management Inc. raised its holdings in Tractor Supply by 1.9% in the 4th quarter. Griffin Asset Management Inc. now owns 53,425 shares of the specialty retailer’s stock valued at $3,994,000 after buying an additional 1,010 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Tractor Supply by 63.2% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,200 shares of the specialty retailer’s stock valued at $463,000 after buying an additional 2,400 shares during the last quarter. Finally, Fieldpoint Private Securities LLC raised its holdings in Tractor Supply by 41.5% in the 4th quarter. Fieldpoint Private Securities LLC now owns 5,421 shares of the specialty retailer’s stock valued at $405,000 after buying an additional 1,591 shares during the last quarter. Institutional investors own 84.10% of the company’s stock.
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Tractor Supply Company Profile
Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm and ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The company operates its retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.
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