Tractor Supply (NASDAQ:TSCO) Downgraded by BidaskClub

Tractor Supply (NASDAQ:TSCO) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday, March 10th.

Several other brokerages also recently weighed in on TSCO. BMO Capital Markets boosted their target price on shares of Tractor Supply to $73.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Oppenheimer restated a “hold” rating on shares of Tractor Supply in a report on Thursday, February 1st. Zacks Investment Research cut Tractor Supply from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Stephens set a $79.00 target price on Tractor Supply and gave the stock a “hold” rating in a report on Wednesday, January 17th. Finally, Sanford C. Bernstein restated a “buy” rating on shares of Tractor Supply in a report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $73.10.

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Shares of TSCO traded up $1.07 during mid-day trading on Friday, hitting $61.88. 1,636,361 shares of the company’s stock were exchanged, compared to its average volume of 1,947,092. The stock has a market capitalization of $7,480.92, a PE ratio of 18.58, a P/E/G ratio of 1.13 and a beta of 1.28. Tractor Supply has a fifty-two week low of $49.87 and a fifty-two week high of $82.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.24 and a current ratio of 1.95.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.04. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter last year, the company earned $0.94 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. sell-side analysts predict that Tractor Supply will post 4.04 earnings per share for the current year.

In other news, Director Edna Morris sold 1,054 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total transaction of $70,691.78. Following the completion of the sale, the director now directly owns 10,949 shares of the company’s stock, valued at approximately $734,349.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Calton & Associates Inc. acquired a new stake in Tractor Supply in the 4th quarter valued at approximately $109,000. Global X MANAGEMENT CO LLC grew 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 last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Tractor Supply in the 4th quarter valued at approximately $187,000. Kennedy Capital Management Inc. acquired a new stake in Tractor Supply in the 4th quarter valued at approximately $204,000. Finally, Advisor Partners LLC acquired a new stake in shares of Tractor Supply during the 4th quarter worth approximately $207,000. 83.25% of the stock is currently owned by institutional investors and hedge funds.

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Tractor Supply Company Profile

Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm and ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The company operates its retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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