TheStreet Upgrades Tractor Supply (TSCO) to B-

Tractor Supply (NASDAQ:TSCO) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Monday.

TSCO has been the topic of a number of other research reports. BidaskClub lowered shares of Tractor Supply from a “hold” rating to a “sell” rating in a report on Saturday, March 10th. Royal Bank of Canada increased their price target on shares of Tractor Supply to $74.00 and gave the stock a “sector perform” rating in a report on Monday, January 29th. Stephens set a $70.00 price target on shares of Tractor Supply and gave the stock a “hold” rating in a report on Tuesday, April 17th. Zacks Investment Research lowered shares of Tractor Supply from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, Wedbush reissued a “hold” rating and issued a $69.00 price target (down previously from $80.00) on shares of Tractor Supply in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the stock. Tractor Supply presently has a consensus rating of “Hold” and a consensus target price of $72.90.

Tractor Supply opened at $73.69 on Monday, according to MarketBeat. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.36 and a beta of 1.27. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $82.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.22 and a current ratio of 1.96.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, April 26th. The specialty retailer reported $0.57 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.57. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Tractor Supply had a net margin of 5.88% and a return on equity of 31.99%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS. research analysts forecast that Tractor Supply will post 4.09 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank boosted its position in Tractor Supply by 10.8% during the 1st quarter. Amalgamated Bank now owns 18,382 shares of the specialty retailer’s stock valued at $1,158,000 after buying an additional 1,789 shares during the period. Principal Financial Group Inc. boosted its position in Tractor Supply by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 196,559 shares of the specialty retailer’s stock valued at $12,388,000 after buying an additional 850 shares during the period. Xact Kapitalforvaltning AB boosted its position in Tractor Supply by 3.5% during the 1st quarter. Xact Kapitalforvaltning AB now owns 22,701 shares of the specialty retailer’s stock valued at $1,431,000 after buying an additional 772 shares during the period. Atlantic Trust Group LLC boosted its position in Tractor Supply by 1.1% during the 1st quarter. Atlantic Trust Group LLC now owns 137,419 shares of the specialty retailer’s stock valued at $8,660,000 after buying an additional 1,532 shares during the period. Finally, Legal & General Group Plc boosted its position in Tractor Supply by 2.3% during the 1st quarter. Legal & General Group Plc now owns 694,733 shares of the specialty retailer’s stock valued at $43,751,000 after buying an additional 15,516 shares during the period. 80.51% of the stock is currently owned by institutional investors.

About Tractor Supply

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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