Guggenheim Reaffirms “Buy” Rating for Tractor Supply (NASDAQ:TSCO)

Guggenheim reaffirmed their buy rating on shares of Tractor Supply (NASDAQ:TSCO) in a report published on Friday morning, The Fly reports. They currently have a $110.00 target price on the specialty retailer’s stock, down from their prior target price of $120.00.

A number of other equities analysts also recently commented on the company. Goldman Sachs Group started coverage on Tractor Supply in a research report on Thursday, July 11th. They set a buy rating and a $122.00 price objective on the stock. Morgan Stanley lifted their price objective on Tractor Supply from $112.00 to $115.00 and gave the stock an equal weight rating in a research report on Thursday, August 22nd. BidaskClub downgraded Tractor Supply from a buy rating to a hold rating in a research report on Saturday, September 14th. ValuEngine downgraded Tractor Supply from a buy rating to a hold rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Co reiterated a buy rating and set a $125.00 price objective on shares of Tractor Supply in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $107.67.

Shares of Tractor Supply stock opened at $90.39 on Friday. Tractor Supply has a one year low of $78.67 and a one year high of $114.25. The company has a market cap of $10.98 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.73 and a beta of 1.10. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.16 and a current ratio of 1.52. The business’s 50 day moving average price is $101.57 and its 200 day moving average price is $102.64.



Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $1.80 EPS for the quarter, missing the Zacks’ consensus estimate of $1.81 by ($0.01). Tractor Supply had a return on equity of 36.12% and a net margin of 6.71%. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the business posted $1.69 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that Tractor Supply will post 4.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.55%. Tractor Supply’s dividend payout ratio is currently 32.48%.

In other Tractor Supply news, SVP Chad Michael Frazell sold 17,857 shares of Tractor Supply stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $110.04, for a total value of $1,964,984.28. Following the sale, the senior vice president now owns 31,004 shares in the company, valued at $3,411,680.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Charter Trust Co. grew its stake in shares of Tractor Supply by 28.6% in the first quarter. Charter Trust Co. now owns 5,181 shares of the specialty retailer’s stock valued at $506,000 after buying an additional 1,153 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Tractor Supply in the first quarter valued at $1,026,000. Cerebellum GP LLC grew its stake in shares of Tractor Supply by 12.0% in the first quarter. Cerebellum GP LLC now owns 3,461 shares of the specialty retailer’s stock valued at $338,000 after buying an additional 372 shares in the last quarter. Creative Planning grew its stake in shares of Tractor Supply by 15.0% in the second quarter. Creative Planning now owns 11,931 shares of the specialty retailer’s stock valued at $1,298,000 after buying an additional 1,556 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new stake in shares of Tractor Supply in the first quarter valued at $2,741,000. Institutional investors own 82.76% 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.

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Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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