Tractor Supply (TSCO) PT Lowered to $68.00 at Loop Capital

Tractor Supply (NASDAQ:TSCO) had its price target reduced by investment analysts at Loop Capital to $68.00 in a research note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s price target points to a potential upside of 3.36% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. Moffett Nathanson initiated coverage on shares of Tractor Supply in a research report on Monday, December 4th. They issued a “neutral” rating for the company. TheStreet upgraded shares of Tractor Supply from a “c+” rating to a “b” rating in a research note on Wednesday, December 20th. Wolfe Research upgraded shares of Tractor Supply from a “market perform” rating to an “outperform” rating in a research note on Wednesday, December 20th. Zacks Investment Research upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Tuesday, December 26th. Finally, BidaskClub upgraded shares of Tractor Supply from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $73.35.

Tractor Supply (NASDAQ TSCO) opened at $65.79 on Wednesday. The firm has a market cap of $8,260.00, a price-to-earnings ratio of 19.64, a P/E/G ratio of 1.24 and a beta of 1.17. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $82.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.95 and a quick ratio of 0.24.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.93 billion. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 earnings per share. equities analysts forecast that Tractor Supply will post 4.1 EPS for the current year.

In other news, Director Edna Morris sold 1,054 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total transaction 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 filing with the SEC, which is accessible through this link. Also, CMO Steve K. Barbarick sold 43,076 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was 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. Company insiders own 1.20% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Calton & Associates Inc. acquired a new stake in Tractor Supply in the 4th quarter worth about $109,000. Global X MANAGEMENT CO LLC raised its stake in 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 worth $113,000 after purchasing an additional 1,173 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Tractor Supply in the 4th quarter worth about $187,000. Advisor Partners LLC acquired a new stake in Tractor Supply in the 4th quarter worth about $207,000. Finally, CAPROCK Group Inc. acquired a new stake in Tractor Supply in the 4th quarter worth about $214,000. Institutional investors and hedge funds own 87.83% of the company’s stock.

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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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