Tractor Supply (NASDAQ:TSCO) Rating Lowered to “Sell” at Wall Street Zen

Tractor Supply (NASDAQ:TSCO) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other research firms have also recently commented on TSCO. DA Davidson restated a “buy” rating and issued a $60.00 target price on shares of Tractor Supply in a research note on Friday, January 30th. Mizuho decreased their price objective on Tractor Supply from $65.00 to $58.00 and set an “outperform” rating for the company in a report on Friday, January 30th. Telsey Advisory Group dropped their target price on shares of Tractor Supply from $70.00 to $63.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. The Goldman Sachs Group set a $59.00 target price on shares of Tractor Supply and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, Robert W. Baird increased their price target on shares of Tractor Supply from $65.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.78.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $52.96 on Friday. The company has a quick ratio of 0.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.70. The firm’s fifty day simple moving average is $52.41 and its 200 day simple moving average is $55.20. The stock has a market cap of $27.88 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 2.65 and a beta of 0.74. Tractor Supply has a twelve month low of $46.85 and a twelve month high of $63.99.

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

Insider Buying and Selling

In other Tractor Supply news, CEO Harry A. Lawton III sold 84,670 shares of Tractor Supply stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $53.16, for a total value of $4,501,057.20. Following the completion of the sale, the chief executive officer owned 606,842 shares of the company’s stock, valued at approximately $32,259,720.72. This trade represents a 12.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kurt D. Barton sold 1,929 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $53.94, for a total value of $104,050.26. Following the transaction, the chief financial officer directly owned 44,736 shares in the company, valued at approximately $2,413,059.84. The trade was a 4.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 222,348 shares of company stock worth $11,959,621 over the last 90 days. 0.65% of the stock is currently owned by company insiders.

Institutional Trading of Tractor Supply

Institutional investors have recently made changes to their positions in the stock. Bison Wealth LLC boosted its holdings in Tractor Supply by 356.1% in the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 5,017 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Tractor Supply by 40.7% in the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock worth $2,487,000 after buying an additional 13,051 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Tractor Supply by 26.9% in the first quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock worth $1,442,000 after acquiring an additional 5,542 shares during the period. Whittier Trust Co. grew its holdings in shares of Tractor Supply by 79.8% in the second quarter. Whittier Trust Co. now owns 899 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 399 shares during the period. Finally, D.A. Davidson & CO. increased its position in Tractor Supply by 6.3% during the second quarter. D.A. Davidson & CO. now owns 60,403 shares of the specialty retailer’s stock valued at $3,188,000 after acquiring an additional 3,575 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

About Tractor Supply

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.