November 30, 2016 - By Darrin Black
In analysts report revealed to investors and clients on Wednesday morning, Northcoast has upped Tractor Supply (NASDAQ:TSCO) stock to a “Buy”. TSCO’s old rating was “Neutral”.
Out of 15 analysts covering Tractor Supply (NASDAQ:TSCO), 7 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 47% are positive. $110 is the highest target while $65 is the lowest. The $89.33 average target is 19.25% above today’s ($74.91) stock price. Tractor Supply has been the topic of 29 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, April 21 by Goldman Sachs. Wedbush maintained it with “Neutral” rating and $65 target price in Thursday, October 20 report. RBC Capital Markets maintained Tractor Supply Company (NASDAQ:TSCO) rating on Thursday, June 30. RBC Capital Markets has “Outperform” rating and $97 price target. As per Tuesday, July 28, the company rating was maintained by Argus Research. The company was maintained on Thursday, July 23 by Deutsche Bank. The rating was initiated by Guggenheim on Tuesday, June 14 with “Buy”. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Thursday, September 8. Deutsche Bank maintained it with “Buy” rating and $65 target price in Thursday, October 20 report. The firm has “Outperform” rating given on Thursday, June 30 by Credit Suisse. The rating was downgraded by Credit Suisse to “Neutral” on Thursday, September 8.
About 197,597 shares traded hands. Tractor Supply Company (NASDAQ: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 EPS, up 12.20% or $0.10 from last year’s $0.82 per share. TSCO’s profit will be $120.51 million for 20.35 P/E if the $0.92 EPS becomes a reality. After $0.67 actual EPS 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 2016 Q2. Its down 0.30, from 1.19 in 2016Q1. The ratio worsened, 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.
Moreover, Cap Fund Management has 0.17% invested in Tractor Supply Company (NASDAQ:TSCO) for 200,155 shares. Henderson Group Inc Public Limited Com holds 0.51% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 678,657 shares. Waratah Cap Advisors holds 4.19% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 224,956 shares. Westover Limited Co accumulated 17,886 shares or 1.34% of the stock. The Ontario – Canada-based Cibc World Mkts Inc has invested 0.01% in Tractor Supply Company (NASDAQ:TSCO). First Citizens Fincl Bank Trust Commerce accumulated 15,945 shares or 0.13% of the stock. Signaturefd Ltd Liability Corporation holds 0% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 110 shares. Moreover, Yhb Investment Advsrs has 0.08% invested in Tractor Supply Company (NASDAQ:TSCO) for 3,771 shares. Moreover, Dimensional Fund Advisors Lp has 0.02% invested in Tractor Supply Company (NASDAQ:TSCO) for 459,210 shares. Art Advsr reported 8,151 shares or 0.04% of all its holdings. Fiera Cap Corporation holds 2.17 million shares or 1.11% of its portfolio. Sheets Smith Wealth Management last reported 64,937 shares in the company. Cibc Asset Mgmt reported 42,773 shares or 0.03% of all its holdings. Menta Capital Limited Co reported 10,543 shares or 0.13% of all its holdings. State Board Of Administration Of Florida Retirement Sys holds 198,770 shares or 0.06% of its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 1 insider purchase, and 0 sales for $66,136 net activity. $1.09M worth of Tractor Supply Company (NASDAQ:TSCO) was sold by Barbarick Steve K on Tuesday, May 31. On Wednesday, June 1 Crudele Anthony F sold $1.82M worth of the stock or 18,894 shares. Weikel Mark J had bought 1,000 shares worth $66,136.
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The company has a market cap of $9.81 billion. The Firm operates in the retail sale of products that support the rural lifestyle segment. It has a 23.74 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 recent Tractor Supply Company (NASDAQ:TSCO) news were published by: Baltimoresun.com which released: “Tractor Supply Company’s new Fallston store is open, celebration Saturday” on November 03, 2016. Also Gazettereview.com published the news titled: “Tractor Supply Company Black Friday Deals 2016 – Complete List” on November 23, 2016. Gurufocus.com‘s news article titled: “Jim Chanos Exits Verizon, Tractor Supply in ‘rd quarter” with publication date: November 29, 2016 was also an interesting one.
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By Darrin Black