Tractor Supply (NASDAQ:TSCO) Given Neutral Rating at Wedbush

Tractor Supply (NASDAQ:TSCO)‘s stock had its “neutral” rating reaffirmed by Wedbush in a research note issued on Tuesday, Benzinga reports. They presently have a $235.00 target price on the specialty retailer’s stock. Wedbush’s target price suggests a potential downside of 7.25% from the stock’s previous close.

TSCO has been the subject of several other research reports. Stephens cut Tractor Supply from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $226.00 to $240.00 in a research report on Tuesday, January 23rd. Benchmark restated a “buy” rating and set a $256.00 price target on shares of Tractor Supply in a research note on Monday. UBS Group boosted their price target on Tractor Supply from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Barclays upped their price objective on Tractor Supply from $192.00 to $234.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Guggenheim upped their price objective on Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Tractor Supply has a consensus rating of “Hold” and an average target price of $241.65.

Tractor Supply Price Performance

NASDAQ TSCO opened at $253.38 on Tuesday. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $268.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.28 and a current ratio of 1.50. The stock has a market capitalization of $27.35 billion, a PE ratio of 25.11, a P/E/G ratio of 3.80 and a beta of 0.84. The stock has a 50-day simple moving average of $250.24 and a 200 day simple moving average of $225.24.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.06. Tractor Supply had a return on equity of 53.60% and a net margin of 7.61%. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the previous year, the firm earned $2.43 EPS. The firm’s revenue was down 8.6% compared to the same quarter last year. Research analysts anticipate that Tractor Supply will post 10.2 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Matthew L. Rubin sold 725 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $238.09, for a total value of $172,615.25. Following the transaction, the senior vice president now owns 5,710 shares of the company’s stock, valued at approximately $1,359,493.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Matthew L. Rubin sold 725 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $238.09, for a total value of $172,615.25. Following the transaction, the senior vice president now owns 5,710 shares of the company’s stock, valued at approximately $1,359,493.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jonathan S. Estep sold 7,120 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $232.26, for a total value of $1,653,691.20. Following the sale, the executive vice president now directly owns 13,605 shares in the company, valued at approximately $3,159,897.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,090 shares of company stock valued at $21,201,877. 0.58% of the stock is currently owned by corporate insiders.

Institutional Trading of Tractor Supply

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Tractor Supply by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock worth $2,753,432,000 after buying an additional 48,439 shares during the period. Capital International Investors increased its holdings in Tractor Supply by 7.6% during the 4th quarter. Capital International Investors now owns 6,233,852 shares of the specialty retailer’s stock worth $1,340,589,000 after purchasing an additional 439,954 shares in the last quarter. Capital World Investors increased its holdings in Tractor Supply by 10.0% during the 4th quarter. Capital World Investors now owns 5,849,188 shares of the specialty retailer’s stock worth $1,257,751,000 after purchasing an additional 531,170 shares in the last quarter. Wellington Management Group LLP increased its holdings in Tractor Supply by 63.2% during the 4th quarter. Wellington Management Group LLP now owns 4,606,455 shares of the specialty retailer’s stock worth $990,526,000 after purchasing an additional 1,784,304 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Tractor Supply by 76.7% during the 3rd quarter. Invesco Ltd. now owns 2,024,182 shares of the specialty retailer’s stock worth $411,010,000 after purchasing an additional 878,874 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Company Profile

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.