Tractor Supply (NASDAQ:TSCO) Stock Rating Reaffirmed by Wedbush

Tractor Supply (NASDAQ:TSCO)‘s stock had its “neutral” rating reiterated by equities researchers at Wedbush in a note issued to investors on Tuesday, Benzinga reports. They presently have a $235.00 price target on the specialty retailer’s stock. Wedbush’s price objective would suggest a potential downside of 8.96% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Morgan Stanley reissued an “underweight” rating and set a $195.00 price target on shares of Tractor Supply in a research report on Tuesday, January 16th. Guggenheim boosted their price target on Tractor Supply from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. The Goldman Sachs Group boosted their price target on Tractor Supply from $230.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Raymond James downgraded Tractor Supply from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $230.00 to $250.00 in a research report on Friday, February 2nd. Finally, Mizuho started coverage on Tractor Supply in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $245.00 target price on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $241.65.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $258.13 on Tuesday. The firm has a market cap of $27.86 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 3.81 and a beta of 0.84. The stock’s 50-day moving average is $251.14 and its 200-day moving average is $225.83. Tractor Supply has a one year low of $185.00 and a one year high of $268.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.50 and a quick ratio of 0.28.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.06. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period in the previous year, the company posted $2.43 earnings per share. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. Equities analysts predict that Tractor Supply will post 10.2 earnings per share for the current fiscal year.

Insider Activity

In other Tractor Supply news, CEO Harry A. Lawton III sold 20,500 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the completion of the sale, the chief executive officer now directly owns 95,192 shares of the company’s stock, valued at approximately $22,173,072.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tractor Supply news, EVP Jonathan S. Estep sold 7,120 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $232.26, for a total transaction of $1,653,691.20. Following the sale, the executive vice president now owns 13,605 shares of the company’s stock, valued at approximately $3,159,897.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Harry A. Lawton III sold 20,500 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the sale, the chief executive officer now directly owns 95,192 shares in the company, valued at approximately $22,173,072.56. The disclosure for this sale can be found here. Insiders sold a total of 90,090 shares of company stock worth $21,201,877 in the last three months. Company insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Citizens National Bank Trust Department boosted its position in Tractor Supply by 0.5% during the fourth quarter. Citizens National Bank Trust Department now owns 9,700 shares of the specialty retailer’s stock valued at $2,086,000 after buying an additional 45 shares during the period. Wedmont Private Capital boosted its position in Tractor Supply by 3.6% during the first quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock valued at $331,000 after buying an additional 45 shares during the period. Wahed Invest LLC boosted its position in Tractor Supply by 2.8% during the fourth quarter. Wahed Invest LLC now owns 1,783 shares of the specialty retailer’s stock valued at $383,000 after buying an additional 49 shares during the period. Allen Capital Group LLC boosted its position in Tractor Supply by 0.6% during the third quarter. Allen Capital Group LLC now owns 8,869 shares of the specialty retailer’s stock valued at $1,805,000 after buying an additional 53 shares during the period. Finally, Fidelis Capital Partners LLC boosted its position in Tractor Supply by 5.0% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,116 shares of the specialty retailer’s stock valued at $240,000 after buying an additional 53 shares during the period. Institutional investors own 98.72% of the company’s stock.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.