Tractor Supply (TSCO) Rating Increased to B at TheStreet

Tractor Supply (NASDAQ:TSCO) was upgraded by TheStreet from a “c+” rating to a “b” rating in a report issued on Wednesday.

Other equities analysts have also issued reports about the company. Robert W. Baird reaffirmed a “buy” rating and issued a $66.00 price target on shares of Tractor Supply in a report on Wednesday, October 4th. Bank of America reaffirmed a “buy” rating and issued a $69.00 price target on shares of Tractor Supply in a report on Tuesday, September 5th. BidaskClub raised Tractor Supply from a “hold” rating to a “buy” rating in a report on Friday. Morgan Stanley raised their price target on Tractor Supply from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, November 16th. Finally, Oppenheimer reissued a “hold” rating on shares of Tractor Supply in a research note on Thursday, October 26th. Sixteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $66.26.

Tractor Supply (NASDAQ:TSCO) opened at $74.39 on Wednesday. Tractor Supply has a twelve month low of $49.87 and a twelve month high of $78.25. The firm has a market capitalization of $8,852.29, a price-to-earnings 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 (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the company earned $0.67 earnings per share. Tractor Supply’s revenue was up 11.6% compared to the same quarter last year. equities research analysts predict that Tractor Supply will post 3.28 EPS for the current year.

In other news, CMO Steve K. Barbarick sold 43,076 shares of the business’s 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Virginia Retirement Systems ET AL boosted its holdings in Tractor Supply by 4.9% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 4,300 shares of the specialty retailer’s stock worth $233,000 after buying an additional 200 shares during the period. Tredje AP fonden boosted its holdings in Tractor Supply by 2.8% in the 2nd quarter. Tredje AP fonden now owns 9,580 shares of the specialty retailer’s stock worth $519,000 after buying an additional 260 shares during the period. Sentry Investment Management LLC boosted its holdings in Tractor Supply by 3.1% in the 2nd quarter. Sentry Investment Management LLC now owns 8,957 shares of the specialty retailer’s stock worth $486,000 after buying an additional 268 shares during the period. Commonwealth Bank of Australia boosted 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 worth $128,000 after buying an additional 317 shares during the period. Finally, Formidable Asset Management LLC boosted its holdings in shares of Tractor Supply by 1.8% during the 2nd quarter. Formidable Asset Management LLC now owns 19,429 shares of the specialty retailer’s stock valued at $1,053,000 after purchasing an additional 341 shares during the last quarter. Institutional investors own 92.33% 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.

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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