Several brokerages have updated their recommendations and price targets on shares of Tractor Supply (NASDAQ: TSCO) in the last few weeks:

  • 2/3/2018 – Tractor Supply was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 2/2/2018 – Tractor Supply had its price target raised by analysts at BMO Capital Markets to $73.00. They now have a “market perform” rating on the stock.
  • 2/2/2018 – Tractor Supply had its price target raised by analysts at Piper Jaffray Companies from $56.00 to $71.00. They now have a “neutral” rating on the stock.
  • 2/2/2018 – Tractor Supply was downgraded by analysts at Bank of America Corp from a “buy” rating to an “underperform” rating.
  • 2/1/2018 – Tractor Supply had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 2/1/2018 – Tractor Supply had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $76.00 price target on the stock, down previously from $83.00.
  • 1/29/2018 – Tractor Supply had its “neutral” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $73.00 price target on the stock, up previously from $52.00.
  • 1/29/2018 – Tractor Supply had its price target raised by analysts at Royal Bank of Canada to $74.00. They now have a “sector perform” rating on the stock.
  • 1/25/2018 – Tractor Supply was downgraded by analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating. They now have a $83.00 price target on the stock, up previously from $62.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/25/2018 – Tractor Supply was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/17/2018 – Tractor Supply was given a new $79.00 price target on by analysts at Stephens. They now have a “hold” rating on the stock.
  • 1/16/2018 – Tractor Supply had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $88.00 price target on the stock.
  • 1/11/2018 – Tractor Supply was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating. They now have a $80.00 price target on the stock, up previously from $72.00.
  • 1/8/2018 – Tractor Supply was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $89.00 price target on the stock. According to Zacks, “Tractor Supply remains focused on its store growth initiatives, which has helped the company to surpass the industry in the past three months. Further, the company is set to gain from its solid omni-channel efforts, with its Buy Online Pick Up in Store plan in particular. This also fueled Tractor Supply’s third-quarter 2017 results, wherein it topped earnings and sales estimates, alongside maintaining its year-over-year growth trend. Results gained from solid comps, which were driven by strength across all regions and major product categories. Moreover, higher demand for cold weather products keeps the company well positioned for the fall and winter season. These trends encouraged management to raised 2017 view. However, deflation was a headwind in the third quarter, which is expected to linger in 2017. Furthermore, management expects SG&A expense deleverage in the fourth quarter, where gross margin is also likely to be pressurized.”
  • 1/6/2018 – Tractor Supply was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 1/5/2018 – Tractor Supply was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Tractor Supply remains focused on its store growth initiatives, which has helped the company to surpass the industry in the past three months. Further, the company is set to gain from its solid omni-channel efforts, with its Buy Online Pick Up in Store plan in particular. This also fueled Tractor Supply’s third-quarter 2017 results, wherein it topped earnings and sales estimates, alongside maintaining its year-over-year growth trend. Results gained from solid comps, which were driven by strength across all regions and major product categories. Moreover, higher demand for cold weather products keeps the company well positioned for the fall and winter season. These trends encouraged management to raised 2017 view. However, deflation was a headwind in the third quarter, which is expected to linger in 2017. Furthermore, management expects SG&A expense deleverage in the fourth quarter, where gross margin is also likely to be pressurized.”
  • 1/3/2018 – Tractor Supply had its “buy” rating reaffirmed by analysts at Northcoast Research.
  • 12/26/2017 – Tractor Supply was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $83.00 price target on the stock. According to Zacks, “Tractor Supply remains focused on its store growth initiatives, which has helped the company to surpass the industry in the past three months. Further, the company is set to gain from its solid omni-channel efforts, with its Buy Online Pick Up in Store plan in particular. This also fueled Tractor Supply’s third-quarter 2017 results, wherein it topped earnings and sales estimates, alongside maintaining its year-over-year growth trend. Results gained from solid comps, which were driven by strength across all regions and major product categories. Moreover, higher demand for cold weather products keeps the company well positioned for the fall and winter season. These trends encouraged management to raised 2017 view. However, deflation was a headwind in the third quarter, which is expected to linger in 2017. Furthermore, management expects SG&A expense deleverage in the fourth quarter, where gross margin is also likely to be pressurized.”
  • 12/22/2017 – Tractor Supply was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/20/2017 – Tractor Supply was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 12/20/2017 – Tractor Supply was upgraded by analysts at Wolfe Research from a “market perform” rating to an “outperform” rating.

Tractor Supply (NASDAQ:TSCO) opened at $66.50 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.24 and a current ratio of 1.95. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $82.68. The firm has a market capitalization of $8,350.00, a PE ratio of 20.09, a PEG ratio of 1.22 and a beta of 1.17.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.04. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the firm earned $0.94 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. sell-side analysts predict that Tractor Supply will post 4.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 26th will be issued a $0.27 dividend. The ex-dividend date is Friday, February 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.62%. Tractor Supply’s dividend payout ratio is presently 32.63%.

In related news, Director Edna Morris sold 1,054 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total value of $70,691.78. Following the transaction, the director now directly owns 10,949 shares of the company’s stock, valued at approximately $734,349.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Steve K. Barbarick sold 43,076 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.

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