Tractor Supply (TSCO) Research Coverage Started at Moffett Nathanson

Moffett Nathanson started coverage on shares of Tractor Supply (NASDAQ:TSCO) in a report released on Monday, Marketbeat Ratings reports. The brokerage issued a neutral rating on the specialty retailer’s stock.

A number of other research analysts also recently commented on TSCO. Piper Jaffray Companies reaffirmed a hold rating and set a $57.00 price objective on shares of Tractor Supply in a research report on Friday, September 29th. BMO Capital Markets lifted their target price on shares of Tractor Supply from $58.00 to $61.00 and gave the company a market perform rating in a research note on Wednesday, September 27th. Zacks Investment Research upgraded shares of Tractor Supply from a sell rating to a hold rating in a research note on Tuesday, September 26th. Robert W. Baird set a $62.00 target price on shares of Tractor Supply and gave the company a buy rating in a research note on Friday, August 25th. Finally, UBS cut shares of Tractor Supply from a buy rating to a neutral rating and lifted their target price for the company from $62.00 to $67.00 in a research note on Monday, October 2nd. Seventeen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $66.26.

Shares of Tractor Supply (NASDAQ TSCO) traded down $1.74 on Monday, reaching $67.01. 1,513,900 shares of the company were exchanged, compared to its average volume of 2,220,002. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $78.25. The stock has a market capitalization of $8,632.55, a P/E ratio of 20.40, a PEG ratio of 1.50 and a beta of 1.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.00 and a quick ratio of 0.17.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. equities analysts predict that Tractor Supply will post 3.28 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Monday, November 20th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Friday, November 17th. Tractor Supply’s payout ratio is currently 32.05%.

A number of large investors have recently added to or reduced their stakes in TSCO. Global X MANAGEMENT CO LLC increased its holdings in Tractor Supply by 191.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 1,173 shares during the period. Commonwealth Bank of Australia increased its holdings in Tractor Supply by 15.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after buying an additional 317 shares during the period. Penserra Capital Management LLC bought a new stake in Tractor Supply in the 2nd quarter valued at $139,000. Bristlecone Advisors LLC bought a new stake in Tractor Supply in the 3rd quarter valued at $173,000. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in Tractor Supply by 33.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock valued at $180,000 after buying an additional 828 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

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Tractor Supply Company Profile

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.

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