Tractor Supply (TSCO) Downgraded to “Hold” at ValuEngine

Share on StockTwits

Tractor Supply (NASDAQ:TSCO) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Tuesday.

TSCO has been the subject of several other reports. BidaskClub cut Tractor Supply from a “hold” rating to a “sell” rating in a research report on Saturday, March 10th. Stephens set a $70.00 price objective on Tractor Supply and gave the company a “hold” rating in a research report on Tuesday, April 17th. Zacks Investment Research cut Tractor Supply from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Moffett Nathanson raised Tractor Supply from a “neutral” rating to a “buy” rating in a research report on Monday, March 5th. Finally, Credit Suisse Group set a $73.00 price objective on Tractor Supply and gave the company a “hold” rating in a research report on Thursday, April 26th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company. Tractor Supply presently has a consensus rating of “Hold” and an average target price of $74.05.

Shares of Tractor Supply opened at $75.74 on Tuesday, Marketbeat Ratings reports. 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 0.54, a quick ratio of 0.22 and a current ratio of 1.96. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 1.41 and a beta of 1.32.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, April 26th. The specialty retailer reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. Tractor Supply had a return on equity of 31.99% and a net margin of 5.88%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. sell-side analysts anticipate that Tractor Supply will post 4.08 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of TSCO. Centaurus Financial Inc. bought a new position in Tractor Supply in the first quarter worth $100,000. Kennedy Capital Management Inc. bought a new position in shares of Tractor Supply during the fourth quarter valued at $204,000. D.B. Root & Company LLC bought a new position in shares of Tractor Supply during the first quarter valued at $213,000. Diversified Trust Co bought a new position in shares of Tractor Supply during the first quarter valued at $223,000. Finally, Rampart Investment Management Company LLC lifted its holdings in shares of Tractor Supply by 117.0% during the first quarter. Rampart Investment Management Company LLC now owns 3,676 shares of the specialty retailer’s stock valued at $232,000 after acquiring an additional 1,982 shares during the period. 80.63% of the stock is owned by hedge funds and other institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply