Tractor Supply (NASDAQ:TSCO) – Equities researchers at Piper Jaffray Companies raised their Q1 2020 EPS estimates for shares of Tractor Supply in a note issued to investors on Wednesday, April 10th. Piper Jaffray Companies analyst P. Keith now forecasts that the specialty retailer will earn $0.67 per share for the quarter, up from their prior forecast of $0.66. Piper Jaffray Companies currently has a “Overweight” rating and a $114.00 target price on the stock. Piper Jaffray Companies also issued estimates for Tractor Supply’s FY2020 earnings at $5.41 EPS.
Several other research firms have also recently commented on TSCO. BidaskClub cut Tractor Supply from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Zacks Investment Research cut Tractor Supply from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Morgan Stanley raised their price target on Tractor Supply from $89.00 to $96.00 and gave the company an “equal weight” rating in a report on Monday. Bank of America reissued a “neutral” rating and issued a $90.00 price target (down from $95.00) on shares of Tractor Supply in a report on Wednesday, January 9th. Finally, Wells Fargo & Co raised their price target on Tractor Supply from $102.00 to $108.00 and gave the company an “outperform” rating in a report on Thursday, February 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $94.89.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, January 31st. The specialty retailer reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.02. Tractor Supply had a return on equity of 36.86% and a net margin of 6.73%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.10 billion.
Institutional investors have recently added to or reduced their stakes in the business. Bruderman Asset Management LLC purchased a new position in Tractor Supply during the fourth quarter worth $25,000. Cordasco Financial Network increased its position in Tractor Supply by 53.6% during the fourth quarter. Cordasco Financial Network now owns 338 shares of the specialty retailer’s stock worth $28,000 after buying an additional 118 shares in the last quarter. Rational Advisors LLC increased its position in Tractor Supply by 570.9% during the fourth quarter. Rational Advisors LLC now owns 369 shares of the specialty retailer’s stock worth $31,000 after buying an additional 314 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in Tractor Supply during the fourth quarter worth $31,000. Finally, Laurel Wealth Advisors LLC purchased a new position in Tractor Supply during the fourth quarter worth $33,000. 82.23% of the stock is owned by institutional investors.
In other Tractor Supply news, Director Edna Morris sold 4,174 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $96.07, for a total transaction of $400,996.18. Following the completion of the transaction, the director now owns 1,916 shares of the company’s stock, valued at $184,070.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory A. Sandfort sold 25,896 shares of the firm’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 transaction, the chief executive officer now directly owns 117,554 shares of the company’s stock, valued at approximately $11,167,630. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 271,702 shares of company stock valued at $27,041,691. 1.50% of the stock is currently owned by insiders.
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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