Northcoast Research Reiterates Buy Rating for Tractor Supply (TSCO)

Tractor Supply (NASDAQ:TSCO)‘s stock had its “buy” rating reissued by Northcoast Research in a research report issued to clients and investors on Wednesday.

A number of other analysts also recently issued reports on the stock. Bank of America reaffirmed a “buy” rating and set a $69.00 price objective on shares of Tractor Supply in a report on Tuesday, September 5th. Loop Capital set a $55.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a report on Wednesday, October 25th. Credit Suisse Group reaffirmed a “hold” rating and set a $54.00 price objective on shares of Tractor Supply in a report on Wednesday, September 13th. Zacks Investment Research downgraded shares of Tractor Supply from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Finally, Moffett Nathanson started coverage on shares of Tractor Supply in a report on Monday, December 4th. They set a “neutral” rating for the company. Fifteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Tractor Supply currently has an average rating of “Hold” and a consensus price target of $67.10.

Tractor Supply (NASDAQ TSCO) traded up $1.37 during midday trading on Wednesday, hitting $77.62. 1,226,000 shares of the stock were exchanged, compared to its average volume of 1,200,667. Tractor Supply has a 52 week low of $49.87 and a 52 week high of $78.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.00 and a quick ratio of 0.17. The company has a market cap of $9,880.00, a P/E ratio of 23.03, a P/E/G ratio of 1.52 and a beta of 1.31.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the firm posted $0.67 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. sell-side analysts predict that Tractor Supply will post 3.28 earnings per share for the current fiscal year.

In other Tractor Supply news, CMO Steve K. Barbarick sold 43,076 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $69.03, for a total value of $2,973,536.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.20% of the company’s stock.

Large investors have recently modified their holdings of the company. Global X MANAGEMENT CO LLC raised its stake in shares of Tractor Supply by 191.7% during the third quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 1,173 shares during the last quarter. Commonwealth Bank of Australia raised its stake in shares of Tractor Supply by 15.4% during the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 317 shares during the last quarter. Bristlecone Advisors LLC bought a new position in shares of Tractor Supply during the third quarter valued at about $173,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of Tractor Supply by 33.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock valued at $180,000 after acquiring an additional 828 shares during the last quarter. Finally, Palisade Asset Management LLC bought a new position in shares of Tractor Supply during the third quarter valued at about $214,000. 92.33% of the stock is owned by hedge funds and other institutional investors.

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Tractor Supply Company Profile

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.

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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