Recent Investment Analysts’ Ratings Changes for Tractor Supply (TSCO)

Several analysts have recently updated their ratings and price targets for Tractor Supply (NASDAQ: TSCO):

  • 4/18/2019 – Tractor Supply had its price target raised by analysts at Wells Fargo & Co from $108.00 to $114.00. They now have an “outperform” rating on the stock.
  • 4/15/2019 – Tractor Supply had its price target raised by analysts at Loop Capital to $106.00. They now have a “hold” rating on the stock.
  • 4/15/2019 – Tractor Supply had its price target raised by analysts at Morgan Stanley from $89.00 to $96.00. They now have an “equal weight” rating on the stock.
  • 4/11/2019 – Tractor Supply was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Although Tractor Supply outpaced the industry in the past year, expectations of higher costs remains a threat to margins, which may impact its performance. Tractor Supply remains committed to enhance its business via store-growth and omni-channel initiatives. However, higher investments toward infrastructure and technology remain a concern. This along with higher freight costs and negative mix are weighing on the company’s margins. Further, the company expects modest operating margin decline in first-quarter 2019, due to the Frankfort distribution center-related pre-opening costs and higher transportation costs. Stiff industry competition and volatility in raw material prices are additional headwinds. However, the company is benefiting from focus on store growth initiatives, ONETractor plan, expanded loyalty program, and rollout of Stockyard in-store kiosk and mobiles POS. Moreover, the company’s upbeat outlook for 2019 drives optimism.”
  • 4/11/2019 – Tractor Supply had its price target raised by analysts at Piper Jaffray Companies from $102.00 to $114.00. They now have an “overweight” rating on the stock.
  • 4/11/2019 – Tractor Supply had its “neutral” rating reaffirmed by analysts at Bank of America Corp. They now have a $95.00 price target on the stock.
  • 4/9/2019 – Tractor Supply was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 3/26/2019 – Tractor Supply was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 3/21/2019 – Tractor Supply was upgraded by analysts at Gordon Haskett from an “accumulate” rating to a “buy” rating.
  • 3/20/2019 – Tractor Supply is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $105.00 price target on the stock.
  • 3/13/2019 – Tractor Supply was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 3/6/2019 – Tractor Supply was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Tractor Supply stock opened at $103.09 on Monday. Tractor Supply has a 52 week low of $59.48 and a 52 week high of $106.08. The company has a current ratio of 1.91, a quick ratio of 0.22 and a debt-to-equity ratio of 0.26. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 1.96 and a beta of 1.10.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, January 31st. The specialty retailer reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.02. Tractor Supply had a net margin of 6.73% and a return on equity of 36.86%. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.10 billion. As a group, sell-side analysts expect that Tractor Supply will post 4.71 earnings per share for the current fiscal year.

In other Tractor Supply news, EVP Benjamin F. Parrish, Jr. sold 37,596 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $99.00, for a total value of $3,722,004.00. Following the completion of the sale, the executive vice president now directly owns 26,549 shares of the company’s stock, valued at $2,628,351. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Benjamin F. Parrish, Jr. sold 2,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $99.05, for a total transaction of $198,100.00. Following the completion of the sale, the executive vice president now directly owns 26,549 shares of the company’s stock, valued at $2,629,678.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 346,369 shares of company stock valued at $34,881,726. 1.50% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of TSCO. Bruderman Asset Management LLC purchased a new position in shares of Tractor Supply during the fourth quarter valued at about $25,000. Cordasco Financial Network increased its position in shares of Tractor Supply by 53.6% during the fourth quarter. Cordasco Financial Network now owns 338 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 118 shares during the period. Rational Advisors LLC increased its position in shares of Tractor Supply by 570.9% during the fourth quarter. Rational Advisors LLC now owns 369 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 314 shares during the period. Liberty Wealth Management LLC purchased a new position in shares of Tractor Supply during the fourth quarter valued at about $31,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Tractor Supply during the fourth quarter valued at about $33,000. 82.26% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Systematic Risk and Investors

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