Tractor Supply (NASDAQ:TSCO) – Stock analysts at Wedbush raised their Q2 2019 EPS estimates for shares of Tractor Supply in a report issued on Wednesday, March 27th, according to Zacks Investment Research. Wedbush analyst S. Basham now forecasts that the specialty retailer will earn $1.82 per share for the quarter, up from their previous estimate of $1.81.
Several other equities analysts also recently issued reports on the stock. Zacks Investment Research reissued a “hold” rating and set a $90.00 price target on shares of Tractor Supply in a report on Monday, December 31st. BidaskClub downgraded shares of Tractor Supply from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. Bank of America reissued a “neutral” rating and set a $90.00 price target (down from $95.00) on shares of Tractor Supply in a report on Wednesday, January 9th. Credit Suisse Group reissued a “hold” rating and set a $85.00 price target on shares of Tractor Supply in a report on Tuesday, January 29th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $102.00 price target on shares of Tractor Supply in a report on Monday, February 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $96.11.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, January 31st. The specialty retailer reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.02. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.10 billion. Tractor Supply had a net margin of 6.73% and a return on equity of 36.86%.
In other Tractor Supply news, CEO Gregory A. Sandfort sold 74,667 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $105.00, for a total value of $7,840,035.00. Following the completion of the transaction, the chief executive officer now directly owns 166,325 shares of the company’s stock, valued at $17,464,125. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory A. Sandfort sold 25,896 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $95.00, for a total transaction of $2,460,120.00. Following the completion of the transaction, the chief executive officer now directly owns 117,554 shares of the company’s stock, valued at $11,167,630. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 346,369 shares of company stock valued at $34,881,726. Insiders own 1.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund grew its position in shares of Tractor Supply by 12,298.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,941,622 shares of the specialty retailer’s stock worth $47,000 after buying an additional 3,909,832 shares during the period. Norges Bank acquired a new stake in shares of Tractor Supply during the 4th quarter worth approximately $99,527,000. JPMorgan Chase & Co. grew its position in shares of Tractor Supply by 73.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,339,567 shares of the specialty retailer’s stock worth $212,619,000 after buying an additional 987,193 shares during the period. Marshall Wace LLP acquired a new stake in shares of Tractor Supply during the 3rd quarter worth approximately $89,427,000. Finally, BlackRock Inc. grew its position in shares of Tractor Supply by 10.0% during the 4th quarter. BlackRock Inc. now owns 9,093,256 shares of the specialty retailer’s stock worth $758,740,000 after buying an additional 829,133 shares during the period. 82.26% of the stock is owned by institutional investors.
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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