BidaskClub downgraded shares of Tractor Supply (NASDAQ:TSCO) from a hold rating to a sell rating in a research note published on Saturday morning.
TSCO has been the topic of a number of other research reports. Royal Bank of Canada boosted their price objective on Tractor Supply to $74.00 and gave the stock a sector perform rating in a research note on Monday, January 29th. KeyCorp reissued a hold rating on shares of Tractor Supply in a research note on Friday, November 10th. Zacks Investment Research lowered Tractor Supply from a buy rating to a hold rating in a research note on Tuesday, March 6th. Wedbush reissued a hold rating and issued a $69.00 price objective (down previously from $80.00) on shares of Tractor Supply in a research note on Wednesday, February 21st. Finally, Loop Capital reduced their price objective on Tractor Supply to $68.00 and set a hold rating on the stock in a research note on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $73.10.
Tractor Supply (NASDAQ TSCO) opened at $63.66 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.95 and a quick ratio of 0.24. The company has a market capitalization of $7,960.00, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 1.20 and a beta of 1.27. Tractor Supply has a one year low of $49.87 and a one year high of $82.68.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.70%. The ex-dividend date is Friday, February 23rd. Tractor Supply’s payout ratio is 32.34%.
In other Tractor Supply news, CMO Steve K. Barbarick sold 43,076 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edna Morris sold 1,054 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total value of $70,691.78. Following the completion of the transaction, the director now directly owns 10,949 shares in the company, valued at approximately $734,349.43. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Calton & Associates Inc. acquired a new position in Tractor Supply in the fourth quarter valued at about $109,000. Global X MANAGEMENT CO LLC lifted its stake in Tractor Supply by 191.7% in the third quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 1,173 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Tractor Supply in the fourth quarter valued at about $187,000. Advisor Partners LLC acquired a new position in Tractor Supply in the fourth quarter valued at about $207,000. Finally, CAPROCK Group Inc. acquired a new position in Tractor Supply in the fourth quarter valued at about $214,000. 83.43% of the stock is currently owned by hedge funds and other institutional investors.
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About Tractor Supply
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.
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