Tractor Supply (TSCO) Given Average Recommendation of “Hold” by Brokerages

Tractor Supply (NASDAQ:TSCO) has been given an average recommendation of “Hold” by the twenty-seven research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eighteen have issued a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $72.22.

Several research firms have commented on TSCO. Stephens set a $79.00 price target on shares of Tractor Supply and gave the stock a “hold” rating in a report on Wednesday, January 17th. Royal Bank of Canada boosted their price target on shares of Tractor Supply to $74.00 and gave the stock a “sector perform” rating in a report on Monday, January 29th. Telsey Advisory Group reiterated a “market perform” rating and set a $76.00 price target (down previously from $83.00) on shares of Tractor Supply in a report on Thursday, February 1st. Oppenheimer reiterated a “hold” rating on shares of Tractor Supply in a report on Thursday, February 1st. Finally, Deutsche Bank lowered their price target on shares of Tractor Supply from $54.00 to $51.00 and set a “hold” rating for the company in a report on Thursday, October 26th.

In related news, Director Edna Morris sold 1,054 shares of the company’s stock in a transaction on 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 sale, the director now owns 10,949 shares in the company, valued at approximately $734,349.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Steve K. Barbarick sold 43,076 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $69.03, for a total transaction of $2,973,536.28. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in TSCO. Janus Henderson Group PLC raised its position in Tractor Supply by 138.6% in the 3rd quarter. Janus Henderson Group PLC now owns 5,096,520 shares of the specialty retailer’s stock valued at $322,558,000 after purchasing an additional 2,960,119 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in Tractor Supply in the 3rd quarter valued at $31,338,000. CWM LLC raised its position in Tractor Supply by 106,641.1% in the 4th quarter. CWM LLC now owns 480,335 shares of the specialty retailer’s stock valued at $35,905,000 after purchasing an additional 479,885 shares during the last quarter. WCM Investment Management CA raised its position in Tractor Supply by 78.0% in the 3rd quarter. WCM Investment Management CA now owns 943,470 shares of the specialty retailer’s stock valued at $59,712,000 after purchasing an additional 413,499 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. raised its position in Tractor Supply by 33.3% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 1,237,936 shares of the specialty retailer’s stock valued at $78,349,000 after purchasing an additional 309,036 shares during the last quarter. Hedge funds and other institutional investors own 92.99% of the company’s stock.

Tractor Supply (TSCO) traded down $0.55 during midday trading on Friday, reaching $65.39. 612,111 shares of the company’s stock traded hands, compared to its average volume of 2,171,148. The company has a quick ratio of 0.24, a current ratio of 1.95 and a debt-to-equity ratio of 0.31. Tractor Supply has a 12 month low of $49.87 and a 12 month high of $82.68. The firm has a market cap of $8,459.27, a PE ratio of 19.73, a PEG ratio of 1.24 and a beta of 1.17.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the business posted $0.94 EPS. The firm’s revenue was up 1.9% on a year-over-year basis. sell-side analysts predict that Tractor Supply will post 4.1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.65%. Tractor Supply’s dividend payout ratio is presently 32.73%.

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Tractor Supply Company Profile

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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