Tractor Supply (NASDAQ:TSCO) had its target price reduced by Deutsche Bank from $72.00 to $65.00 in a research note issued to investors on Tuesday. Deutsche Bank currently has a hold rating on the specialty retailer’s stock.
Other research analysts have also issued reports about the company. TheStreet raised Tractor Supply from a c+ rating to a b rating in a research report on Wednesday, December 20th. Northcoast Research reissued a buy rating on shares of Tractor Supply in a research report on Wednesday, January 3rd. Zacks Investment Research raised Tractor Supply from a hold rating to a buy rating and set a $83.00 price objective on the stock in a research report on Tuesday, December 26th. BidaskClub raised Tractor Supply from a hold rating to a buy rating in a research report on Friday, December 22nd. Finally, Guggenheim reissued a buy rating and issued a $88.00 price objective on shares of Tractor Supply in a research report on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $73.68.
Shares of Tractor Supply stock opened at $60.78 on Tuesday. Tractor Supply has a twelve month low of $49.87 and a twelve month high of $82.68. The firm has a market capitalization of $7,514.37, a P/E ratio of 17.98, a PEG ratio of 1.12 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 (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, beating the consensus estimate 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 period last year, the company posted $0.94 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. equities research analysts predict that Tractor Supply will post 4.09 EPS for the current year.
In related news, Director Edna Morris sold 1,054 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total value of $70,691.78. Following the completion of the sale, the director now directly owns 10,949 shares of the company’s stock, valued at $734,349.43. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB increased its holdings in Tractor Supply by 5.0% in the fourth 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 increased its holdings in Tractor Supply by 6.4% in the fourth 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. increased its holdings in Tractor Supply by 1.9% in the fourth 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. increased its holdings in Tractor Supply by 63.2% in the fourth 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 increased its holdings in Tractor Supply by 41.5% in the fourth 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. 84.10% of the stock is owned by hedge funds and other institutional investors.
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About Tractor Supply
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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