Tractor Supply (TSCO) Raised to Buy at BidaskClub

Tractor Supply (NASDAQ:TSCO) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other equities analysts have also recently commented on TSCO. Piper Jaffray Companies reissued a “hold” rating and set a $57.00 target price on shares of Tractor Supply in a report on Friday, September 29th. BMO Capital Markets increased their target price on Tractor Supply from $58.00 to $61.00 and gave the company a “market perform” rating in a report on Wednesday, September 27th. Zacks Investment Research raised Tractor Supply from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Robert W. Baird set a $62.00 target price on Tractor Supply and gave the company a “buy” rating in a report on Friday, August 25th. Finally, UBS cut Tractor Supply from a “buy” rating to a “neutral” rating and increased their target price for the company from $62.00 to $67.00 in a report on Monday, October 2nd. Sixteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Tractor Supply has an average rating of “Hold” and a consensus target price of $66.26.

Tractor Supply (TSCO) opened at $74.39 on Friday. The stock has a market capitalization of $8,852.29, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 1.54 and a beta of 1.32. The company has a current ratio of 2.00, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $78.25.

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

In related news, CMO Steve K. Barbarick sold 43,076 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Comerica Securities Inc. increased its holdings in shares of Tractor Supply by 67.4% in the second quarter. Comerica Securities Inc. now owns 5,596 shares of the specialty retailer’s stock valued at $303,000 after purchasing an additional 2,254 shares during the last quarter. Strs Ohio increased its stake in Tractor Supply by 248.4% during the third quarter. Strs Ohio now owns 5,818 shares of the specialty retailer’s stock worth $368,000 after acquiring an additional 4,148 shares during the last quarter. Andra AP fonden increased its stake in Tractor Supply by 88.8% during the second quarter. Andra AP fonden now owns 18,500 shares of the specialty retailer’s stock worth $1,003,000 after acquiring an additional 8,700 shares during the last quarter. Tandem Investment Advisors Inc. increased its stake in Tractor Supply by 8.8% during the second quarter. Tandem Investment Advisors Inc. now owns 90,437 shares of the specialty retailer’s stock worth $4,903,000 after acquiring an additional 7,347 shares during the last quarter. Finally, Achmea Investment Management B.V. increased its stake in Tractor Supply by 58.3% during the second quarter. Achmea Investment Management B.V. now owns 12,891 shares of the specialty retailer’s stock worth $697,000 after acquiring an additional 4,748 shares during the last quarter. 92.33% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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