Tractor Supply (TSCO) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Tractor Supply (NASDAQ: TSCO) in the last few weeks:

  • 10/16/2017 – Tractor Supply was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Tractor Supply has underperformed the industry year to date, mainly on the back of an unsatisfactory first-half 2017 performance. Notably, the company lagged both top and bottom lines in second-quarter, following in line earnings in the first quarter. Further, margins remained pressurized mainly due to higher freight expenses and increased SG&A costs. These factors led management to lower its forecast for 2017. Moreover, the challenging economic backdrop at the agricultural and energy sectors has been taking a toll on consumer spending, which is hurting Tractor Supply’s performance. Nevertheless, the company witnessed positive trends in early third quarter, thanks to favorable weather conditions. We also commend Tractor Supply’s store base expansion and omni-channel efforts, which are likely to boost top line. Evidently, the company’s Buy Online Pick Up in Store program contributed 55% to online sales in the second quarter.”
  • 10/4/2017 – Tractor Supply had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $66.00 price target on the stock.
  • 10/3/2017 – Tractor Supply had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $72.00 price target on the stock, up previously from $65.00.
  • 10/2/2017 – Tractor Supply was downgraded by analysts at UBS AG from a “buy” rating to a “neutral” rating. They now have a $67.00 price target on the stock, up previously from $62.00. They wrote, “fairly balanced.”
  • 9/29/2017 – Tractor Supply had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $57.00 price target on the stock.
  • 9/27/2017 – Tractor Supply had its price target raised by analysts at BMO Capital Markets from $58.00 to $61.00. They now have a “market perform” rating on the stock.
  • 9/26/2017 – Tractor Supply was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Tractor Supply has surpassed the industry in the past three months. The company has been gaining from its concentration on store base expansion and omni-channel efforts, which are likely to boost top line. This is evident from Tractor Supply’s focus on its One Tractor initiative and the fact that  the company’s Buy Online Pick Up in Store program contributed 55% to online sales in the second quarter. However, Tractor Supply lagged both top and bottom lines in the quarter, following in line earnings in the first quarter. Further, margins were pressurized mainly due to higher freight expenses and SG&A costs. These factors led management to cut its 2017 view. Well, the challenging economic backdrop at the agricultural and energy sectors has been taking a toll on consumer spending, which is a worry for Tractor Supply. Nonetheless, the company witnessed positive trends in early third quarter, thanks to favorable weather conditions.”
  • 9/13/2017 – Tractor Supply had its “hold” rating reaffirmed by analysts at Credit Suisse Group. They now have a $54.00 price target on the stock.
  • 9/5/2017 – Tractor Supply had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $69.00 price target on the stock.
  • 8/25/2017 – Tractor Supply was given a new $62.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.

Shares of Tractor Supply Company (TSCO) traded up 1.09% during mid-day trading on Tuesday, hitting $59.28. The stock had a trading volume of 1,182,578 shares. The firm has a market cap of $7.51 billion, a PE ratio of 17.91 and a beta of 1.30. The stock’s 50-day moving average is $61.06 and its 200 day moving average is $58.48. Tractor Supply Company has a 12 month low of $49.87 and a 12 month high of $78.25.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.02). The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. Tractor Supply’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $1.16 earnings per share. Equities research analysts predict that Tractor Supply Company will post $3.25 earnings per share for the current fiscal year.

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.

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