Weekly Research Analysts’ Ratings Updates for Tractor Supply Company (TSCO)

Several analysts have recently updated their ratings and price targets for Tractor Supply Company (NASDAQ: TSCO):

  • 2/5/2017 – Tractor Supply Company had its “hold” rating reaffirmed by analysts at Credit Suisse Group. They now have a $73.00 price target on the stock.
  • 2/5/2017 – Tractor Supply Company had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $85.00 price target on the stock.
  • 2/3/2017 – Tractor Supply Company was downgraded by analysts at SunTrust Banks, Inc. from a “buy” rating to a “hold” rating. They now have a $80.00 price target on the stock.
  • 2/2/2017 – Tractor Supply Company was given a new $72.00 price target on by analysts at Deutsche Bank AG. They now have a “hold” rating on the stock.
  • 1/30/2017 – Tractor Supply Company was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Tractor Supply remains well positioned for growth given its smooth progress on store expansion and technological advancements. Driven by its growth drivers, the stock has outperformed the broader industry in the last three months. Further, efforts toward efficient inventory management and cost-cutting, along with strategic buyouts like that of Petsense, bode well. Estimates have also been stable ahead of the fourth quarter release and it has positive record of earnings surprises in recent quarters. However, the challenging economic backdrop at the agricultural and energy sectors has been taking a toll on consumer spending. This has been weighing on Tractor Supply’s top line performance for a while now. Also, management retained its cautious stance on 2016, as the aforementioned obstacles and the company’s seasonal business remain concerns. Additionally, stiff competition from other players remains a threat.”
  • 1/17/2017 – Tractor Supply Company was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $85.00 price target on the stock. According to Zacks, “Tractor Supply remains well positioned for growth given its smooth progress on store expansion and technological advancements. Driven by its growth drivers, the stock has substantially outperformed the broader industry in the last three months. Further, efforts toward efficient inventory management and cost-cutting, along with strategic buyouts like that of Petsense, bode well. Estimates have also been stable ahead of the fourth quarter release and it has positive record of earnings surprises in recent quarters. However, the challenging economic backdrop at the agricultural and energy sectors has been taking a toll on consumer spending. This has been weighing on Tractor Supply’s top line performance for a while now. Also, management retained its cautious stance on 2016, as the aforementioned obstacles and the company’s seasonal business remain concerns. Additionally, stiff competition from other players remains a threat.”
  • 1/13/2017 – Tractor Supply Company was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating. They now have a $85.00 price target on the stock, up previously from $65.00.
  • 1/4/2017 – Tractor Supply Company is now covered by analysts at Loop Capital. They set a “hold” rating and a $79.00 price target on the stock.
  • 1/3/2017 – Tractor Supply Company was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Tractor Supply remains well positioned for growth given its smooth progress on store expansion and technological advancements. Driven by its growth drivers, the stock has substantially outperformed the broader industry in the last three months. Further, efforts toward efficient inventory management and cost-cutting, along with strategic buyouts like that of Petsense, bode well. Estimates have also been stable ahead of the fourth quarter release and it has positive record of earnings surprises in recent quarters. However, the challenging economic backdrop at the agricultural and energy sectors has been taking a toll on consumer spending. This has been weighing on Tractor Supply’s top line performance for a while now. Also, management retained its cautious stance on 2016, as the aforementioned obstacles and the company’s seasonal business remain concerns. Additionally, stiff competition from other players remains a threat.”
  • 12/23/2016 – Tractor Supply Company was given a new $72.00 price target on by analysts at Deutsche Bank AG. They now have a “hold” rating on the stock.
  • 12/20/2016 – Tractor Supply Company had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..

Tractor Supply Company (NASDAQ:TSCO) traded up 0.33% during trading on Tuesday, reaching $73.40. The company had a trading volume of 894,984 shares. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 22.45 and a beta of 1.24. The firm has a 50-day moving average of $74.97 and a 200-day moving average of $74.56. Tractor Supply Company has a 1-year low of $61.50 and a 1-year high of $97.25.

Tractor Supply Company (NASDAQ:TSCO) last released its earnings results on Wednesday, February 1st. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. The company earned $1.92 billion during the quarter, compared to the consensus estimate of $1.87 billion. Tractor Supply Company had a net margin of 6.45% and a return on equity of 30.29%. The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 EPS. On average, analysts anticipate that Tractor Supply Company will post $3.50 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 14th. Shareholders of record on Monday, February 27th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.31%. Tractor Supply Company’s dividend payout ratio is 29.36%.

In related news, CFO Anthony F. Crudele sold 30,000 shares of Tractor Supply Company stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $76.40, for a total transaction of $2,292,000.00. Following the completion of the transaction, the chief financial officer now directly owns 85,366 shares of the company’s stock, valued at approximately $6,521,962.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% 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 operates in the retail sale of products that support the rural lifestyle segment. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.

5 Day Chart for NASDAQ:TSCO

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/weekly-research-analysts-ratings-updates-for-tractor-supply-company-tsco/1660830.html

Receive News & Ratings for Tractor Supply Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply Company and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *