BidaskClub Upgrades Tractor Supply (TSCO) to Buy

Tractor Supply (NASDAQ:TSCO) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other equities research analysts have also weighed in on TSCO. Gordon Haskett began coverage on Tractor Supply in a research report on Wednesday, June 20th. They issued an “accumulate” rating and a $86.00 price objective on the stock. ValuEngine upgraded Tractor Supply from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Wells Fargo & Co reiterated a “buy” rating on shares of Tractor Supply in a research report on Thursday, May 3rd. Telsey Advisory Group cut their price objective on Tractor Supply from $76.00 to $70.00 and set a “market perform” rating on the stock in a research report on Monday, April 23rd. Finally, Wedbush lifted their price objective on Tractor Supply from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $73.52.

Tractor Supply opened at $76.85 on Friday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.22 and a current ratio of 1.96. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $82.68. The company has a market cap of $9.61 billion, a P/E ratio of 23.08, a P/E/G ratio of 1.43 and a beta of 1.28.



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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Centaurus Financial Inc. purchased a new position in shares of Tractor Supply in the 1st quarter valued at approximately $100,000. Kennedy Capital Management Inc. purchased a new position in Tractor Supply during the fourth quarter valued at $204,000. D.B. Root & Company LLC purchased a new position in Tractor Supply during the first quarter valued at $213,000. Diversified Trust Co purchased a new position in Tractor Supply during the first quarter valued at $223,000. Finally, Rampart Investment Management Company LLC raised its stake in 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 buying an additional 1,982 shares during the last quarter. Institutional investors own 80.62% of the company’s stock.

Tractor Supply Company Profile

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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