Tractor Supply (NASDAQ:TSCO) Given Neutral Rating at Bank of America

Tractor Supply (NASDAQ:TSCO)‘s stock had its “neutral” rating restated by stock analysts at Bank of America in a note issued to investors on Thursday, April 11th, Briefing.com Automated Import reports. They currently have a $95.00 price target on the specialty retailer’s stock. Bank of America‘s target price would suggest a potential downside of 8.54% from the stock’s current price.

TSCO has been the topic of a number of other research reports. Wells Fargo & Co reissued a “buy” rating and issued a $102.00 target price on shares of Tractor Supply in a research report on Monday, February 11th. Deutsche Bank raised Tractor Supply from a “hold” rating to a “buy” rating and lifted their target price for the company from $94.00 to $107.00 in a research report on Thursday, December 13th. BidaskClub lowered Tractor Supply from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Zacks Investment Research raised Tractor Supply from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Wednesday, December 19th. Finally, Piper Jaffray Companies lifted their target price on Tractor Supply from $102.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. One research 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 stock has a consensus rating of “Hold” and a consensus price target of $97.44.

NASDAQ TSCO opened at $103.87 on Thursday. The stock has a market cap of $12.58 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 1.92 and a beta of 1.11. The company has a current ratio of 1.58, a quick ratio of 0.15 and a debt-to-equity ratio of 0.43. Tractor Supply has a one year low of $64.70 and a one year high of $107.98.

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

In related news, CEO Gregory A. Sandfort sold 25,896 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $95.00, for a total value of $2,460,120.00. Following the completion of the sale, the chief executive officer now directly owns 117,554 shares in the company, valued at approximately $11,167,630. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edna Morris sold 4,174 shares of the business’s stock in a transaction on 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 sale, the director now owns 1,916 shares of the company’s stock, valued at $184,070.12. The disclosure for this sale can be found here. Insiders have sold a total of 379,236 shares of company stock valued at $38,304,166 over the last quarter. 1.50% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bruderman Asset Management LLC acquired a new position in Tractor Supply in the 4th quarter valued at $25,000. Cordasco Financial Network raised its holdings in Tractor Supply by 53.6% in the 4th quarter. Cordasco Financial Network now owns 338 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 118 shares in the last quarter. Rational Advisors LLC raised its holdings in Tractor Supply by 570.9% in the 4th quarter. Rational Advisors LLC now owns 369 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 314 shares in the last quarter. Liberty Wealth Management LLC acquired a new position in Tractor Supply in the 4th quarter valued at $31,000. Finally, Laurel Wealth Advisors LLC acquired a new position in Tractor Supply in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 82.83% 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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Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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