Tractor Supply (NASDAQ:TSCO) Cut to “Accumulate” at Gordon Haskett

Gordon Haskett lowered shares of Tractor Supply (NASDAQ:TSCOGet Rating) from a buy rating to an accumulate rating in a research report released on Friday, The Fly reports.

Other equities research analysts have also recently issued research reports about the company. Raymond James upped their price target on Tractor Supply from $245.00 to $255.00 and gave the stock a strong-buy rating in a research note on Friday, April 22nd. Robert W. Baird restated a buy rating and set a $250.00 price target on shares of Tractor Supply in a research note on Thursday, April 14th. Piper Sandler upped their price target on Tractor Supply from $258.00 to $261.00 and gave the stock an overweight rating in a research note on Friday, April 22nd. Truist Financial started coverage on Tractor Supply in a research note on Thursday, January 13th. They set a buy rating and a $270.00 price target for the company. Finally, Morgan Stanley cut their price target on Tractor Supply from $235.00 to $220.00 and set an equal weight rating for the company in a research note on Monday, April 25th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Buy and an average target price of $241.05.

NASDAQ TSCO traded down $1.66 on Friday, reaching $202.56. The stock had a trading volume of 1,172,445 shares, compared to its average volume of 1,210,657. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.27 and a current ratio of 1.44. Tractor Supply has a 12-month low of $170.82 and a 12-month high of $241.54. The business’s 50-day moving average price is $222.68 and its 200 day moving average price is $221.86. The stock has a market cap of $22.72 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 2.29 and a beta of 1.03.

Tractor Supply (NASDAQ:TSCOGet Rating) last issued its quarterly earnings data on Thursday, April 21st. The specialty retailer reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.23. Tractor Supply had a return on equity of 51.48% and a net margin of 7.74%. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, sell-side analysts predict that Tractor Supply will post 9.49 earnings per share for the current year.

In other news, EVP Colin Yankee sold 6,659 shares of the company’s stock in a transaction on Monday, February 7th. The stock was sold at an average price of $217.64, for a total value of $1,449,264.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Harry A. Lawton III sold 20,049 shares of the company’s stock in a transaction on Thursday, February 10th. The shares were sold at an average price of $222.35, for a total value of $4,457,895.15. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. James Investment Research Inc. lifted its position in Tractor Supply by 423.3% during the fourth quarter. James Investment Research Inc. now owns 12,909 shares of the specialty retailer’s stock worth $3,080,000 after buying an additional 10,442 shares during the period. CIBC Asset Management Inc lifted its position in Tractor Supply by 1.6% during the fourth quarter. CIBC Asset Management Inc now owns 25,398 shares of the specialty retailer’s stock worth $6,060,000 after buying an additional 389 shares during the period. Morgan Stanley lifted its position in Tractor Supply by 31.0% during the third quarter. Morgan Stanley now owns 1,016,695 shares of the specialty retailer’s stock worth $205,992,000 after buying an additional 240,696 shares during the period. Empirical Finance LLC lifted its position in Tractor Supply by 34.6% during the fourth quarter. Empirical Finance LLC now owns 2,003 shares of the specialty retailer’s stock worth $478,000 after buying an additional 515 shares during the period. Finally, Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in Tractor Supply during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Tractor Supply Company Profile (Get Rating)

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

Further Reading

The Fly logo

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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