Deutsche Bank Cuts Tractor Supply (TSCO) Price Target to $65.00

Tractor Supply (NASDAQ:TSCO) had its price target reduced by Deutsche Bank from $72.00 to $65.00 in a report published on Tuesday, April 17th. They currently have a hold rating on the specialty retailer’s stock.

A number of other analysts also recently issued reports on the stock. TheStreet raised shares of Tractor Supply from a c+ rating to a b rating in a report on Wednesday, December 20th. Northcoast Research restated a buy rating on shares of Tractor Supply in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Tractor Supply from a hold rating to a buy rating and set a $83.00 price objective for the company in a research report on Tuesday, December 26th. BidaskClub upgraded shares of Tractor Supply from a hold rating to a buy rating in a research report on Friday, December 22nd. Finally, Guggenheim reiterated a buy rating and issued a $88.00 target price on shares of Tractor Supply in a research report on Tuesday, January 16th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $72.70.

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Shares of NASDAQ:TSCO opened at $61.99 on Tuesday. Tractor Supply has a 52 week low of $49.87 and a 52 week 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. The firm has a market capitalization of $7,580.02, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 1.13 and a beta of 1.28.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.93 billion. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. Tractor Supply’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 EPS. research analysts expect that Tractor Supply will post 4.09 EPS for the current fiscal year.

In other news, Director Edna Morris sold 1,054 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 10,949 shares of the company’s stock, valued at $734,349.43. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Tractor Supply by 0.9% in the fourth quarter. BlackRock Inc. now owns 8,125,064 shares of the specialty retailer’s stock valued at $607,347,000 after acquiring an additional 68,965 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in Tractor Supply in the fourth quarter valued at approximately $139,359,000. Two Sigma Advisers LP raised its holdings in Tractor Supply by 1.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,648,477 shares of the specialty retailer’s stock valued at $123,224,000 after acquiring an additional 25,613 shares in the last quarter. Geode Capital Management LLC raised its holdings in Tractor Supply by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 1,529,953 shares of the specialty retailer’s stock valued at $114,154,000 after acquiring an additional 25,316 shares in the last quarter. Finally, WCM Investment Management CA raised its holdings in Tractor Supply by 12.0% in the fourth quarter. WCM Investment Management CA now owns 1,056,399 shares of the specialty retailer’s stock valued at $78,966,000 after acquiring an additional 112,929 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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