Tractor Supply (NASDAQ:TSCO) Rating Lowered to “Strong Sell” at Zacks Research

Tractor Supply (NASDAQ:TSCOGet Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reduced their target price on Tractor Supply from $62.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Jefferies Financial Group decreased their price objective on Tractor Supply from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Tractor Supply in a research note on Monday, December 29th. Telsey Advisory Group reduced their price target on Tractor Supply from $70.00 to $63.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Finally, Truist Financial set a $55.00 price target on Tractor Supply and gave the stock a “hold” rating in a research note on Friday, January 16th. Fifteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.78.

Check Out Our Latest Research Report on TSCO

Tractor Supply Stock Up 0.9%

Tractor Supply stock opened at $53.47 on Monday. Tractor Supply has a fifty-two week low of $46.85 and a fifty-two week high of $63.99. The firm’s 50-day simple moving average is $52.28 and its 200 day simple moving average is $55.63. The stock has a market cap of $28.25 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 2.66 and a beta of 0.74. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.16 and a current ratio of 1.34.

Tractor Supply (NASDAQ:TSCOGet Free Report) last released its earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the prior year, the company earned $0.44 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Research analysts predict that Tractor Supply will post 2.17 EPS for the current fiscal year.

Institutional Trading of Tractor Supply

A number of institutional investors have recently bought and sold shares of TSCO. Garner Asset Management Corp acquired a new position in shares of Tractor Supply in the fourth quarter worth about $25,000. Delos Wealth Advisors LLC purchased a new position in shares of Tractor Supply in the 2nd quarter valued at about $26,000. Aventura Private Wealth LLC acquired a new position in Tractor Supply in the 4th quarter worth about $27,000. JPL Wealth Management LLC acquired a new position in Tractor Supply in the 3rd quarter worth about $28,000. Finally, Flagship Harbor Advisors LLC purchased a new position in Tractor Supply during the fourth quarter worth approximately $35,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Tractor Supply

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Tractor Supply Company Profile

(Get Free Report)

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.

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Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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