Tractor Supply (NASDAQ:TSCO) Coverage Initiated at Goldman Sachs Group

Equities researchers at Goldman Sachs Group started coverage on shares of Tractor Supply (NASDAQ:TSCO) in a report issued on Thursday, MarketBeat.com reports. The brokerage set a “buy” rating and a $122.00 price target on the specialty retailer’s stock. Goldman Sachs Group’s target price points to a potential upside of 7.99% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Bank of America set a $7.00 price target on shares of Deutsche Bank and gave the stock a “sell” rating in a research report on Thursday, April 11th. Loop Capital upped their price target on shares of Tractor Supply to $106.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. Piper Jaffray Companies upped their price target on shares of Tractor Supply from $102.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. BidaskClub lowered shares of Amyris from a “hold” rating to a “sell” rating in a research report on Thursday, June 27th. Finally, Morgan Stanley set a $10.00 price target on shares of Ford Motor and gave the stock a “hold” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company. Tractor Supply currently has a consensus rating of “Hold” and a consensus target price of $101.72.

Shares of NASDAQ TSCO opened at $112.97 on Thursday. The firm’s 50 day simple moving average is $106.53. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.58 and a quick ratio of 0.15. The company has a market capitalization of $13.63 billion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 2.02 and a beta of 1.09. Tractor Supply has a 12-month low of $75.84 and a 12-month high of $113.54.



Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. Tractor Supply had a net margin of 6.68% and a return on equity of 36.16%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. Analysts predict that Tractor Supply will post 4.77 EPS for the current fiscal year.

In other news, COO Steve K. Barbarick sold 32,867 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $104.13, for a total value of $3,422,440.71. Following the transaction, the chief operating officer now owns 46,894 shares of the company’s stock, valued at $4,883,072.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory A. Sandfort sold 74,667 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $105.00, for a total transaction of $7,840,035.00. Following the completion of the transaction, the chief executive officer now directly owns 166,325 shares in the company, valued at approximately $17,464,125. The disclosure for this sale can be found here. Insiders sold 154,610 shares of company stock worth $16,162,978 in the last three months. Insiders own 1.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Icon Wealth Partners LLC purchased a new stake in Tractor Supply during the first quarter valued at $27,000. Liberty Wealth Management LLC purchased a new position in Tractor Supply during the 4th quarter worth approximately $31,000. Psagot Investment House Ltd. purchased a new position in Tractor Supply during the 4th quarter worth approximately $35,000. Lindbrook Capital LLC raised its position in Tractor Supply by 79.7% during the 1st quarter. Lindbrook Capital LLC now owns 451 shares of the specialty retailer’s stock worth $44,000 after buying an additional 200 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. purchased a new position in Tractor Supply during the 1st quarter worth approximately $49,000. 81.89% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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