November 30, 2016 - By olga
Trading of Tractor Supply (TSCO)‘s shares is going to be interesting today. Northcoast upped the stock from a Neutral to a Buy.
Out of 9 analysts covering Tractor Supply (TSCO), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. $88.0 is the highest target while $72.0 is the lowest. The $78.20 average target is 4.48% above today’s ($74.85) stock price. Tractor Supply has been the topic of 9 analyst reports since September 8, 2016 according to StockzIntelligence Inc. The rating was downgraded by RBC Capital Markets on Thursday, September 8 to “Sector Perform”. As per Friday, October 28, the company rating was downgraded by Argus Research. Telsey Advisory maintained the shares of TSCO in a report on Thursday, October 20 with “Outperform” rating. The rating was downgraded by Piper Jaffray to “Neutral” on Thursday, September 8. Deutsche Bank maintained the shares of TSCO in a report on Friday, September 30 with “Buy” rating. On Thursday, September 8 the stock rating was downgraded by Raymond James to “Mkt Perform”. The stock has “Neutral” rating given by Credit Suisse on Thursday, September 8. The stock of Tractor Supply Company (NASDAQ:TSCO) earned “Neutral” rating by Wedbush on Thursday, September 8. UBS maintained it with “Buy” rating and $88.0 target price in Thursday, September 8 report.
About 249,763 shares traded hands. Tractor Supply Company (TSCO) has declined 22.12% since April 27, 2016 and is downtrending. It has underperformed by 27.35% the S&P500.
Analysts await Tractor Supply Company (NASDAQ:TSCO) to report earnings on February, 1 after the close. They expect $0.92 earnings per share, up 12.20% or $0.10 from last year’s $0.82 per share. TSCO’s profit will be $120.45 million for 20.34 P/E if the $0.92 EPS becomes a reality. After $0.67 actual earnings per share reported by Tractor Supply Company for the previous quarter, Wall Street now forecasts 37.31% EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.30, from 1.19 in 2016Q1. The ratio dropped, as 32 funds sold all Tractor Supply Company shares owned while 177 reduced positions. 56 funds bought stakes while 192 increased positions. They now own 117.30 million shares or 2.04% less from 119.74 million shares in 2016Q1.
Burney Company holds 16,574 shares or 0.11% of its portfolio. Credit Agricole S A owns 122,271 shares or 0.04% of their US portfolio. Pittenger And Anderson Inc last reported 0.08% of its portfolio in the stock. Cornerstone Advsr accumulated 0% or 9 shares. The Washington-based Perkins Coie Tru Company has invested 0.01% in Tractor Supply Company (NASDAQ:TSCO). Fire Grp Incorporated holds 8,000 shares or 0.29% of its portfolio. Omers Administration holds 0.04% or 23,500 shares in its portfolio. California State Teachers Retirement Systems holds 0.06% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 282,472 shares. Andra Ap last reported 0.03% of its portfolio in the stock. Aqr Cap Mngmt Lc, a Connecticut-based fund reported 105,550 shares. Moreover, Sheets Smith Wealth Management has 1.72% invested in Tractor Supply Company (NASDAQ:TSCO) for 64,937 shares. Whittier Trust Comm, a California-based fund reported 36 shares. Dynamic Capital Ltd, a United Kingdom-based fund reported 6,486 shares. Denver Advsrs Ltd Liability Company last reported 0.19% of its portfolio in the stock. Livforsakringsbolaget Skandia Omsesidigt accumulated 0.04% or 9,949 shares.
Insider Transactions: Since May 31, 2016, the stock had 1 insider purchase, and 0 selling transactions for $66,136 net activity. On Wednesday, June 1 the insider Crudele Anthony F sold $1.82 million. On Thursday, November 3 the insider Weikel Mark J bought $66,136. Shares for $1.09 million were sold by Barbarick Steve K on Tuesday, May 31.
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The company has a market cap of $9.80 billion. The Firm operates in the retail sale of products that support the rural lifestyle segment. It has a 23.72 P/E ratio. The Firm focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.
According to Zacks Investment Research, “Tractor Supply Company is a specialty retailer which supplies the daily farming and maintenance needs of its target customers: hobby, part-time and full-time farmers and ranchers, as well as rural customers, contractors and tradesmen.”
Tractor Supply Company, incorporated on December 2, 1982, is an operator of rural lifestyle retail stores in the United States. The Firm operates in the retail sale of products that support the rural lifestyle segment. The Firm focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. It operates over 1,490 retail stores in over 50 states under the names Tractor Supply Company, Del’s Feed & Farm Supply and HomeTown Pet. It also operates a Website under the name TractorSupply.com. The Company’s stores offer merchandise, which includes equine, livestock, pet and small animal products; hardware, truck, towing and tool products; seasonal products, including heating, lawn and garden items, power equipment, gifts and toys; work/recreational clothing and footwear, and maintenance products for agricultural and rural use.
More news for Tractor Supply Company (NASDAQ:TSCO) were recently published by: Baltimoresun.com, which released: “Tractor Supply Company’s new Fallston store is open, celebration Saturday” on November 03, 2016. Gazettereview.com‘s article titled: “Tractor Supply Company Black Friday Deals 2016 – Complete List” and published on November 23, 2016 is yet another important article.
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