Tractor Supply (TSCO) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Tractor Supply (NASDAQ:TSCO) from a buy rating to a hold rating in a report published on Tuesday, BidAskClub reports.

A number of other research firms have also weighed in on TSCO. Zacks Investment Research lowered Tractor Supply from a hold rating to a sell rating in a research note on Thursday, April 11th. Morgan Stanley increased their target price on Tractor Supply from $89.00 to $96.00 and gave the stock an equal weight rating in a research note on Monday, April 15th. Bank of America reiterated a neutral rating and issued a $90.00 target price (down previously from $95.00) on shares of Tractor Supply in a research note on Wednesday, January 9th. Wells Fargo & Co increased their target price on Tractor Supply from $102.00 to $108.00 and gave the stock an outperform rating in a research note on Thursday, February 14th. Finally, Loop Capital increased their target price on Tractor Supply to $106.00 and gave the stock a hold rating in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $97.44.

TSCO stock traded up $0.84 during midday trading on Tuesday, reaching $103.87. The company’s stock had a trading volume of 1,573,199 shares, compared to its average volume of 1,474,928. The company has a quick ratio of 0.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.43. Tractor Supply has a 1 year low of $64.70 and a 1 year high of $107.98. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 1.92 and a beta of 1.11.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, April 25th. The specialty retailer reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. Tractor Supply had a return on equity of 36.16% and a net margin of 6.68%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm posted $0.57 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. Research analysts expect that Tractor Supply will post 4.76 EPS for the current year.

In other Tractor Supply news, COO Steve K. Barbarick sold 47,011 shares of Tractor Supply stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $97.83, for a total value of $4,599,086.13. Following the transaction, the chief operating officer now owns 108,905 shares in the company, valued at $10,654,176.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edna Morris sold 4,174 shares of Tractor Supply stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $96.07, for a total value of $400,996.18. Following the completion of the transaction, the director now owns 1,916 shares in the company, valued at approximately $184,070.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 379,236 shares of company stock worth $38,304,166. Insiders own 1.50% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc grew its stake in Tractor Supply by 0.3% in the third quarter. Vanguard Group Inc now owns 12,358,247 shares of the specialty retailer’s stock valued at $1,123,118,000 after purchasing an additional 35,414 shares during the last quarter. BlackRock Inc. grew its stake in Tractor Supply by 10.0% in the fourth quarter. BlackRock Inc. now owns 9,093,256 shares of the specialty retailer’s stock valued at $758,740,000 after purchasing an additional 829,133 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in Tractor Supply by 12,298.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,941,622 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 3,909,832 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Tractor Supply by 73.0% in the third quarter. JPMorgan Chase & Co. now owns 2,339,567 shares of the specialty retailer’s stock valued at $212,619,000 after purchasing an additional 987,193 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Tractor Supply by 11.3% in the fourth quarter. Geode Capital Management LLC now owns 1,931,675 shares of the specialty retailer’s stock valued at $160,949,000 after purchasing an additional 195,817 shares during the last quarter. Institutional investors own 82.83% of the company’s stock.

About Tractor Supply

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.

Recommended Story: How to read a candlestick chart

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.