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Tractor Supply (NASDAQ:TSCO – Get Rating) was upgraded by stock analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a research note issued on Thursday, Briefing.com reports.
Several other equities research analysts also recently issued reports on TSCO. JPMorgan Chase & Co. cut their price objective on shares of Tractor Supply from $224.00 to $219.00 and set a “neutral” rating for the company in a research report on Friday, October 21st. DA Davidson cut their price objective on shares of Tractor Supply from $232.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, October 21st. UBS Group raised their price objective on shares of Tractor Supply from $215.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, January 6th. Wedbush cut their price objective on shares of Tractor Supply from $215.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, October 21st. Finally, Raymond James dropped their price target on shares of Tractor Supply from $245.00 to $235.00 and set a “strong-buy” rating for the company in a research report on Friday, October 21st. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $237.06.
Tractor Supply Trading Down 0.1 %
Shares of NASDAQ:TSCO opened at $221.60 on Thursday. Tractor Supply has a 52-week low of $166.49 and a 52-week high of $241.54. The company has a market capitalization of $24.48 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 2.04 and a beta of 0.87. The company has a 50-day simple moving average of $217.75 and a 200 day simple moving average of $204.36. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.21 and a current ratio of 1.48.
Tractor Supply (NASDAQ:TSCO – Get Rating) last issued its quarterly earnings data on Thursday, October 20th. The specialty retailer reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.01. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.28 billion. Tractor Supply had a net margin of 7.69% and a return on equity of 54.35%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $1.95 earnings per share. Sell-side analysts forecast that Tractor Supply will post 9.62 earnings per share for the current year.
Insider Activity at Tractor Supply
In related news, Director Mark J. Weikel sold 6,000 shares of Tractor Supply stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $207.06, for a total value of $1,242,360.00. Following the transaction, the director now directly owns 8,181 shares of the company’s stock, valued at $1,693,957.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tractor Supply news, Director Mark J. Weikel sold 6,000 shares of the business’s stock in a transaction on Monday, October 24th. The shares were sold at an average price of $207.06, for a total transaction of $1,242,360.00. Following the sale, the director now owns 8,181 shares of the company’s stock, valued at $1,693,957.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Melissa Kersey sold 4,921 shares of the business’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $221.19, for a total transaction of $1,088,475.99. Following the sale, the executive vice president now directly owns 4,573 shares in the company, valued at approximately $1,011,501.87. The disclosure for this sale can be found here. Insiders have sold 24,999 shares of company stock valued at $5,418,261 over the last three months. 0.23% of the stock is owned by insiders.
Institutional Trading of Tractor Supply
A number of hedge funds and other institutional investors have recently modified their holdings of TSCO. Renaissance Investment Group LLC lifted its holdings in shares of Tractor Supply by 19.7% during the fourth quarter. Renaissance Investment Group LLC now owns 18,977 shares of the specialty retailer’s stock worth $4,269,000 after purchasing an additional 3,122 shares during the period. RDA Financial Network lifted its holdings in shares of Tractor Supply by 4.7% during the fourth quarter. RDA Financial Network now owns 1,320 shares of the specialty retailer’s stock worth $297,000 after purchasing an additional 59 shares during the period. UMB Bank n.a. lifted its holdings in shares of Tractor Supply by 24.2% during the fourth quarter. UMB Bank n.a. now owns 4,102 shares of the specialty retailer’s stock worth $923,000 after purchasing an additional 798 shares during the period. Gries Financial LLC lifted its holdings in shares of Tractor Supply by 48.6% during the fourth quarter. Gries Financial LLC now owns 8,204 shares of the specialty retailer’s stock worth $1,846,000 after purchasing an additional 2,683 shares during the period. Finally, Coldstream Capital Management Inc. acquired a new position in shares of Tractor Supply during the fourth quarter worth $2,018,000. Institutional investors own 84.13% of the company’s stock.
Tractor Supply Company Profile
(Get Rating)
Tractor Supply Company operates as a rural lifestyle retailer 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.
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