Tractor Supply (NASDAQ:TSCO) Earns Buy Rating from Analysts at Goldman Sachs Group

Goldman Sachs Group started coverage on shares of Tractor Supply (NASDAQ:TSCO) in a research note released on Thursday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $122.00 target price on the specialty retailer’s stock.

A number of other analysts have also recently weighed in on the stock. Gordon Haskett raised shares of Darden Restaurants from an underperform rating to a hold rating in a research report on Thursday, March 21st. Telsey Advisory Group boosted their price objective on shares of Tractor Supply from $92.00 to $98.00 and gave the stock a market perform rating in a report on Monday, April 22nd. BidaskClub lowered shares of Amyris from a hold rating to a sell rating in a report on Thursday, June 27th. Wedbush reiterated a hold rating and issued a $1.00 price objective on shares of Regulus Therapeutics in a report on Thursday, May 16th. Finally, Zacks Investment Research lowered shares of Hollysys Automation Technologies from a hold rating to a sell rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the stock. Tractor Supply has an average rating of Hold and an average target price of $101.72.

Shares of Tractor Supply stock opened at $112.97 on Thursday. The business’s fifty day simple moving average is $106.53. The company has a current ratio of 1.58, a quick ratio of 0.15 and a debt-to-equity ratio of 0.43. Tractor Supply has a twelve month low of $75.84 and a twelve month high of $113.54. The stock has a market cap of $13.63 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 2.09 and a beta of 1.09.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. Tractor Supply had a net margin of 6.68% and a return on equity of 36.16%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the company earned $0.57 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. On average, analysts predict that Tractor Supply will post 4.77 earnings per share for the current year.

In other news, CEO Gregory A. Sandfort sold 74,667 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $105.00, for a total value of $7,840,035.00. Following the sale, the chief executive officer now owns 166,325 shares in the company, valued at approximately $17,464,125. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Steve K. Barbarick sold 36,108 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $104.10, for a total transaction of $3,758,842.80. Following the completion of the sale, the chief operating officer now owns 60,258 shares in the company, valued at approximately $6,272,857.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,610 shares of company stock worth $16,162,978. Company insiders own 1.50% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Icon Wealth Partners LLC acquired a new stake in shares of Tractor Supply in the 1st quarter valued at about $27,000. Liberty Wealth Management LLC acquired a new stake in shares of Tractor Supply in the 4th quarter valued at about $31,000. Psagot Investment House Ltd. acquired a new stake in shares of Tractor Supply in the 4th quarter valued at about $35,000. Lindbrook Capital LLC raised its stake in Tractor Supply by 79.7% during the first quarter. Lindbrook Capital LLC now owns 451 shares of the specialty retailer’s stock worth $44,000 after acquiring an additional 200 shares during the period. Finally, Pinnacle Financial Partners Inc. acquired a new stake in Tractor Supply during the first quarter worth about $49,000. Institutional investors and hedge funds own 81.89% of the company’s stock.

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.

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Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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