Tractor Supply (NASDAQ:TSCO) had its price target reduced by investment analysts at Telsey Advisory Group from $76.00 to $70.00 in a note issued to investors on Monday. The firm presently has a “market perform” rating on the specialty retailer’s stock. Telsey Advisory Group’s price target indicates a potential upside of 16.03% from the company’s current price.
Several other brokerages have also recently weighed in on TSCO. BidaskClub cut Tractor Supply from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Guggenheim reaffirmed a “buy” rating and set a $88.00 target price on shares of Tractor Supply in a research note on Tuesday, January 16th. Zacks Investment Research raised Tractor Supply from a “hold” rating to a “strong-buy” rating and set a $89.00 target price for the company in a research note on Monday, January 8th. Stephens set a $79.00 target price on Tractor Supply and gave the company a “hold” rating in a research note on Wednesday, January 17th. Finally, Wedbush cut Tractor Supply from an “outperform” rating to a “neutral” rating and raised their target price for the company from $72.00 to $80.00 in a research note on Thursday, January 11th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company. Tractor Supply currently has a consensus rating of “Hold” and an average price target of $73.37.
Shares of TSCO stock opened at $60.33 on Monday. Tractor Supply has a fifty-two week low of $49.87 and a fifty-two week high of $82.68. The stock has a market cap of $7,473.49, a P/E ratio of 18.12, a PEG ratio of 1.11 and a beta of 1.28. The company has a quick ratio of 0.24, a current ratio of 1.95 and a debt-to-equity ratio of 0.31.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter last year, the business posted $0.94 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. sell-side analysts predict that Tractor Supply will post 4.09 EPS for the current fiscal year.
In related news, Director Edna Morris sold 1,054 shares of the 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 approximately $734,349.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. OppenheimerFunds Inc. lifted its stake in Tractor Supply by 5.3% in the 4th quarter. OppenheimerFunds Inc. now owns 16,438 shares of the specialty retailer’s stock worth $1,229,000 after acquiring an additional 823 shares in the last quarter. Mariner Wealth Advisors LLC raised its stake in shares of Tractor Supply by 3.6% during the 4th quarter. Mariner Wealth Advisors LLC now owns 24,787 shares of the specialty retailer’s stock worth $1,853,000 after purchasing an additional 856 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Tractor Supply by 1.9% during the 4th quarter. Arizona State Retirement System now owns 47,260 shares of the specialty retailer’s stock worth $3,533,000 after purchasing an additional 860 shares in the last quarter. Griffin Asset Management Inc. raised its stake in shares of Tractor Supply by 1.9% during the 4th quarter. Griffin Asset Management Inc. now owns 53,425 shares of the specialty retailer’s stock worth $3,994,000 after purchasing an additional 1,010 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of Tractor Supply by 5.7% during the 4th quarter. Baird Financial Group Inc. now owns 19,288 shares of the specialty retailer’s stock worth $1,442,000 after purchasing an additional 1,043 shares in the last quarter. 84.27% 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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