Tractor Supply (NASDAQ:TSCO) has been assigned a consensus recommendation of “Buy” from the twenty-two ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $108.68.

TSCO has been the topic of several recent research reports. Guggenheim restated a “buy” rating and set a $110.00 target price (down from $120.00) on shares of Tractor Supply in a report on Friday, September 20th. Zacks Investment Research upgraded Tractor Supply from a “sell” rating to a “hold” rating and set a $98.00 target price on the stock in a report on Friday, October 4th. Northcoast Research upgraded Tractor Supply from a “neutral” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Wednesday, October 2nd. BidaskClub cut Tractor Supply from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 8th. Finally, Wolfe Research initiated coverage on Tractor Supply in a report on Tuesday, October 8th. They set a “hold” rating and a $95.00 target price on the stock.

TSCO stock traded up $1.70 during mid-day trading on Friday, reaching $92.79. The company’s stock had a trading volume of 1,352,746 shares, compared to its average volume of 1,398,131. The company has a current ratio of 1.60, a quick ratio of 0.15 and a debt-to-equity ratio of 1.75. The company’s 50 day moving average is $93.45 and its two-hundred day moving average is $98.62. Tractor Supply has a fifty-two week low of $82.62 and a fifty-two week high of $114.25. The stock has a market cap of $10.99 billion, a PE ratio of 21.53, a P/E/G ratio of 1.52 and a beta of 1.00.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.01). The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. Tractor Supply had a return on equity of 36.64% and a net margin of 6.69%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 earnings per share. On average, analysts forecast that Tractor Supply will post 4.71 earnings per share for the current fiscal year.

In related news, SVP Chad Michael Frazell sold 13,441 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $98.49, for a total value of $1,323,804.09. Also, EVP Benjamin F. Parrish, Jr. sold 300 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $98.48, for a total value of $29,544.00. Following the completion of the transaction, the executive vice president now owns 26,022 shares in the company, valued at $2,562,646.56. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Outlook Wealth Advisors LLC raised its position in Tractor Supply by 3.3% in the third quarter. Outlook Wealth Advisors LLC now owns 3,491 shares of the specialty retailer’s stock valued at $316,000 after purchasing an additional 112 shares during the period. Executive Wealth Management LLC raised its position in Tractor Supply by 56.4% in the third quarter. Executive Wealth Management LLC now owns 352 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 127 shares during the period. CSat Investment Advisory L.P. raised its position in Tractor Supply by 46.4% in the second quarter. CSat Investment Advisory L.P. now owns 429 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 136 shares during the period. World Asset Management Inc raised its position in Tractor Supply by 1.5% in the third quarter. World Asset Management Inc now owns 9,589 shares of the specialty retailer’s stock valued at $867,000 after purchasing an additional 138 shares during the period. Finally, First Allied Advisory Services Inc. raised its position in Tractor Supply by 3.3% in the third quarter. First Allied Advisory Services Inc. now owns 4,490 shares of the specialty retailer’s stock valued at $405,000 after purchasing an additional 144 shares during the period. Hedge funds and other institutional investors own 83.22% 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.

Featured Story: Trade War

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.