Tractor Supply (TSCO) Upgraded by ValuEngine to “Buy”

Tractor Supply (NASDAQ:TSCO) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Several other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research note on Friday, August 3rd. Stephens set a $93.00 price target on shares of Tractor Supply and gave the company a “buy” rating in a research note on Friday, July 27th. Credit Suisse Group increased their price target on shares of Tractor Supply from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Morgan Stanley increased their price target on shares of Tractor Supply from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, July 27th. Finally, Wedbush increased their price target on shares of Tractor Supply from $77.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the stock. Tractor Supply presently has an average rating of “Hold” and a consensus price target of $79.62.

Shares of Tractor Supply stock traded up $1.99 during mid-day trading on Tuesday, hitting $81.48. The stock had a trading volume of 1,467,400 shares, compared to its average volume of 1,804,476. Tractor Supply has a 12-month low of $51.85 and a 12-month high of $82.68. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.92 and a quick ratio of 0.19. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.



Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 26th. The specialty retailer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. Tractor Supply had a net margin of 6.34% and a return on equity of 35.24%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the company posted $1.25 EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. equities analysts expect that Tractor Supply will post 4.18 earnings per share for the current fiscal year.

In other Tractor Supply news, CMO Steve K. Barbarick sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, July 20th. The shares were sold at an average price of $79.99, for a total value of $1,599,800.00. Following the completion of the transaction, the chief marketing officer now owns 76,953 shares of the company’s stock, valued at approximately $6,155,470.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Benjamin F. Parrish, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $78.44, for a total transaction of $392,200.00. Following the completion of the transaction, the executive vice president now directly owns 21,948 shares of the company’s stock, valued at approximately $1,721,601.12. The disclosure for this sale can be found here. Insiders have sold a total of 36,146 shares of company stock valued at $2,890,607 in the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Centaurus Financial Inc. purchased a new position in Tractor Supply in the 1st quarter valued at approximately $100,000. Piedmont Investment Advisors LLC purchased a new position in Tractor Supply in the 2nd quarter valued at approximately $106,000. Steward Partners Investment Advisory LLC boosted its position in Tractor Supply by 118.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,751 shares of the specialty retailer’s stock valued at $134,000 after buying an additional 951 shares during the period. NumerixS Investment Technologies Inc boosted its position in Tractor Supply by 58.3% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the specialty retailer’s stock valued at $148,000 after buying an additional 700 shares during the period. Finally, WealthTrust Axiom LLC purchased a new position in Tractor Supply in the 2nd quarter valued at approximately $201,000. 79.10% 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.

See Also: Earnings Per Share

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.

Leave a Reply