Tractor Supply (NASDAQ:TSCO) had its target price boosted by Wells Fargo & Co from $115.00 to $125.00 in a research note issued to investors on Thursday morning, The Fly reports. Wells Fargo & Co currently has an outperform rating on the specialty retailer’s stock.
Other research analysts also recently issued reports about the stock. Northcoast Research downgraded shares of Tractor Supply from a buy rating to a neutral rating in a research report on Wednesday, July 3rd. Telsey Advisory Group raised their price objective on shares of Tractor Supply from $92.00 to $98.00 and gave the stock a market perform rating in a research report on Monday, April 22nd. BidaskClub downgraded shares of Amyris from a hold rating to a sell rating in a research report on Thursday, June 27th. Morgan Stanley set a $10.00 price objective on shares of Ford Motor and gave the stock a hold rating in a research report on Friday, April 26th. Finally, Barclays reissued a buy rating on shares of Netflix in a research report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $104.53.
NASDAQ TSCO opened at $112.47 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.58 and a quick ratio of 0.15. The firm has a fifty day moving average of $108.15. The stock has a market cap of $13.57 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 2.08 and a beta of 1.09. Tractor Supply has a 12 month low of $75.84 and a 12 month high of $114.25.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.07. Tractor Supply had a net margin of 6.68% and a return on equity of 36.16%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm posted $0.57 EPS. The company’s revenue was up 8.3% on a year-over-year basis. As a group, equities analysts expect that Tractor Supply will post 4.77 earnings per share for the current year.
In related news, COO Steve K. Barbarick sold 32,867 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $104.13, for a total value of $3,422,440.71. Following the completion of the sale, the chief operating officer now owns 46,894 shares in the company, valued at $4,883,072.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John P. Ordus sold 10,968 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $104.09, for a total transaction of $1,141,659.12. Following the completion of the sale, the senior vice president now owns 21,000 shares of the company’s stock, valued at approximately $2,185,890. The disclosure for this sale can be found here. Insiders sold a total of 79,943 shares of company stock valued at $8,322,943 in the last 90 days. Company insiders own 1.50% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. D.B. Root & Company LLC lifted its stake in shares of Tractor Supply by 2.2% in the second quarter. D.B. Root & Company LLC now owns 5,138 shares of the specialty retailer’s stock valued at $559,000 after purchasing an additional 112 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Tractor Supply by 0.7% in the second quarter. Nisa Investment Advisors LLC now owns 16,665 shares of the specialty retailer’s stock valued at $1,813,000 after purchasing an additional 115 shares during the period. Hammer Asset Management LLC lifted its stake in shares of Tractor Supply by 0.3% in the first quarter. Hammer Asset Management LLC now owns 45,735 shares of the specialty retailer’s stock valued at $4,471,000 after purchasing an additional 121 shares during the period. Valley National Advisers Inc. lifted its stake in shares of Tractor Supply by 1.5% in the fourth quarter. Valley National Advisers Inc. now owns 10,008 shares of the specialty retailer’s stock valued at $835,000 after purchasing an additional 149 shares during the period. Finally, Advisor Group Inc. lifted its stake in shares of Tractor Supply by 0.5% in the first quarter. Advisor Group Inc. now owns 30,946 shares of the specialty retailer’s stock valued at $3,028,000 after purchasing an additional 164 shares during the period. Hedge funds and other institutional investors own 82.02% of the company’s stock.
Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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