Tractor Supply (NASDAQ:TSCO) Downgraded to In-Line at Evercore ISI

Tractor Supply (NASDAQ:TSCO) was downgraded by research analysts at Evercore ISI from an “outperform” rating to an “in-line” rating in a report issued on Thursday, MarketBeat reports. They presently have a $300.00 target price on the specialty retailer’s stock. Evercore ISI’s price objective indicates a potential upside of 1.71% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Benchmark restated a “buy” rating and issued a $280.00 price target on shares of Tractor Supply in a research report on Monday, September 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 target price on shares of Tractor Supply in a report on Thursday, July 25th. Loop Capital increased their price target on Tractor Supply from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Melius Research began coverage on Tractor Supply in a research report on Monday, September 23rd. They issued a “buy” rating and a $315.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Tractor Supply has a consensus rating of “Hold” and a consensus price target of $261.70.

Tractor Supply Trading Up 1.1 %

TSCO stock opened at $294.97 on Thursday. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. The firm has a market cap of $31.82 billion, a P/E ratio of 28.72, a P/E/G ratio of 3.74 and a beta of 0.80. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $298.36. The business’s 50 day moving average is $271.03 and its 200-day moving average is $268.87.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.93. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.83 earnings per share. Equities analysts anticipate that Tractor Supply will post 10.23 earnings per share for the current fiscal year.

Insider Transactions at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

Institutional Trading of Tractor Supply

Large investors have recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in shares of Tractor Supply in the first quarter worth about $26,000. Rise Advisors LLC grew its position in shares of Tractor Supply by 157.1% in the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 66 shares during the period. LRI Investments LLC bought a new stake in Tractor Supply during the 1st quarter worth approximately $28,000. J.Safra Asset Management Corp raised its holdings in Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after buying an additional 98 shares during the period. Finally, Whittier Trust Co. raised its holdings in Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares during the period. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.