Tractor Supply (TSCO) Cut to Buy at BidaskClub

Tractor Supply (NASDAQ:TSCO) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other research firms have also recently issued reports on TSCO. Oppenheimer reiterated a “hold” rating on shares of Tractor Supply in a research report on Thursday, October 26th. Zacks Investment Research cut Tractor Supply from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Credit Suisse Group set a $52.00 price target on Tractor Supply and gave the company a “hold” rating in a report on Thursday, October 26th. Wolfe Research upgraded Tractor Supply from a “market perform” rating to an “outperform” rating in a report on Wednesday, December 20th. Finally, BMO Capital Markets restated a “hold” rating and set a $61.00 price target on shares of Tractor Supply in a report on Thursday, November 2nd. Seventeen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $70.45.

Shares of Tractor Supply (NASDAQ TSCO) opened at $79.10 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 2.00. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $82.68. The stock has a market capitalization of $10,050.00, a PE ratio of 23.47, a P/E/G ratio of 1.47 and a beta of 1.31.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the business posted $0.67 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. analysts forecast that Tractor Supply will post 3.3 EPS for the current fiscal year.

In other news, CMO Steve K. Barbarick sold 43,076 shares of the firm’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Global X MANAGEMENT CO LLC lifted its stake in shares of Tractor Supply by 191.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after purchasing an additional 1,173 shares during the last quarter. Bristlecone Advisors LLC bought a new stake in shares of Tractor Supply in the 3rd quarter valued at approximately $173,000. Globeflex Capital L P bought a new stake in shares of Tractor Supply in the 2nd quarter valued at approximately $206,000. Advisor Partners LLC bought a new stake in shares of Tractor Supply in the 4th quarter valued at approximately $207,000. Finally, Kelman Lazarov Inc. bought a new stake in shares of Tractor Supply in the 4th quarter valued at approximately $209,000. 92.65% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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