BidaskClub Downgrades Tractor Supply (TSCO) to Hold

Tractor Supply (NASDAQ:TSCO) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday.

A number of other brokerages have also recently issued reports on TSCO. Zacks Investment Research cut Tractor Supply from a “buy” rating to a “hold” rating in a report on Saturday, January 26th. Bank of America reissued a “neutral” rating and set a $90.00 price objective (down previously from $95.00) on shares of Tractor Supply in a report on Wednesday, January 9th. Wells Fargo & Co increased their price objective on Tractor Supply from $102.00 to $108.00 and gave the stock an “outperform” rating in a report on Thursday, February 14th. Credit Suisse Group reissued a “hold” rating and set a $85.00 price objective on shares of Tractor Supply in a report on Tuesday, January 29th. Finally, Wedbush set a $105.00 price objective on Tractor Supply and gave the stock a “buy” rating in a report on Monday, December 10th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Tractor Supply has a consensus rating of “Hold” and a consensus price target of $91.94.

Shares of TSCO opened at $90.40 on Wednesday. The stock has a market cap of $10.98 billion, a P/E ratio of 20.97, a P/E/G ratio of 1.72 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.22 and a current ratio of 1.91. Tractor Supply has a 52-week low of $58.27 and a 52-week high of $98.03.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, January 31st. The specialty retailer reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.02. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Tractor Supply had a return on equity of 36.86% and a net margin of 6.73%. As a group, research analysts expect that Tractor Supply will post 4.71 EPS for the current year.

In other Tractor Supply news, COO Steve K. Barbarick sold 47,011 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $97.83, for a total value of $4,599,086.13. Following the sale, the chief operating officer now owns 108,905 shares of the company’s stock, valued at approximately $10,654,176.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Edna Morris sold 4,174 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $96.07, for a total value of $400,996.18. Following the completion of the sale, the director now directly owns 1,916 shares in the company, valued at approximately $184,070.12. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Bruderman Asset Management LLC bought a new position in shares of Tractor Supply during the 4th quarter valued at about $25,000. Cordasco Financial Network increased its position in shares of Tractor Supply by 53.6% during the 4th quarter. Cordasco Financial Network now owns 338 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 118 shares during the last quarter. Rational Advisors LLC increased its position in shares of Tractor Supply by 570.9% during the 4th quarter. Rational Advisors LLC now owns 369 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 314 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of Tractor Supply during the 4th quarter valued at about $33,000. Finally, Psagot Investment House Ltd. bought a new position in shares of Tractor Supply during the 4th quarter valued at about $35,000. 80.64% of the stock is currently owned by hedge funds and other institutional investors.

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.

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