BidaskClub upgraded shares of Tractor Supply (NASDAQ:TSCO) from a sell rating to a hold rating in a research note issued to investors on Saturday.
Other equities research analysts have also issued research reports about the company. TheStreet raised Tractor Supply from a c+ rating to a b rating in a research report on Wednesday, December 20th. Northcoast Research reaffirmed a buy rating on shares of Tractor Supply in a research report on Wednesday, January 3rd. Zacks Investment Research raised Tractor Supply from a hold rating to a buy rating and set a $83.00 price target on the stock in a research report on Tuesday, December 26th. Guggenheim reaffirmed a buy rating and issued a $88.00 price target on shares of Tractor Supply in a research report on Tuesday, January 16th. Finally, Sanford C. Bernstein reaffirmed a buy rating on shares of Tractor Supply in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $73.10.
Tractor Supply (TSCO) opened at $64.38 on Friday. Tractor Supply has a 12 month low of $49.87 and a 12 month high of $82.68. The company has a current ratio of 1.95, a quick ratio of 0.24 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $8,055.03, a PE ratio of 19.51, a P/E/G ratio of 1.19 and a beta of 1.27.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.04. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.93 billion. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. Tractor Supply’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. analysts forecast that Tractor Supply will post 4.1 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.68%. Tractor Supply’s payout ratio is currently 32.73%.
In other news, CMO Steve K. Barbarick sold 43,076 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Edna Morris sold 1,054 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total value of $70,691.78. Following the completion of the transaction, the director now owns 10,949 shares in the company, valued at approximately $734,349.43. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. IFM Investors Pty Ltd purchased a new position in Tractor Supply during the 3rd quarter worth approximately $259,000. Two Sigma Advisers LP grew its stake in Tractor Supply by 1.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,648,477 shares of the specialty retailer’s stock worth $123,224,000 after buying an additional 25,613 shares during the last quarter. Nordea Investment Management AB grew its stake in Tractor Supply by 7.3% during the 3rd quarter. Nordea Investment Management AB now owns 64,781 shares of the specialty retailer’s stock worth $4,100,000 after buying an additional 4,396 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in Tractor Supply by 3.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 207,739 shares of the specialty retailer’s stock worth $13,145,000 after buying an additional 6,218 shares during the last quarter. Finally, Hosking Partners LLP grew its stake in Tractor Supply by 0.7% during the 3rd quarter. Hosking Partners LLP now owns 478,089 shares of the specialty retailer’s stock worth $30,258,000 after buying an additional 3,220 shares during the last quarter. Hedge funds and other institutional investors own 83.43% of the company’s stock.
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About Tractor Supply
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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