Tractor Supply (NASDAQ:TSCO) Price Target Lowered to $207.00 at The Goldman Sachs Group

Tractor Supply (NASDAQ:TSCOGet Rating) had its price objective trimmed by The Goldman Sachs Group from $260.00 to $207.00 in a research note issued to investors on Monday morning, The Fly reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

Other research analysts also recently issued reports about the company. Gordon Haskett downgraded Tractor Supply from a buy rating to an accumulate rating in a research note on Friday, May 6th. Morgan Stanley reduced their price objective on Tractor Supply from $235.00 to $220.00 and set an equal weight rating for the company in a research note on Monday, April 25th. Bank of America raised Tractor Supply from a neutral rating to a buy rating and increased their price objective for the company from $250.00 to $260.00 in a research note on Tuesday, June 14th. StockNews.com started coverage on Tractor Supply in a research note on Thursday, March 31st. They issued a hold rating for the company. Finally, Raymond James increased their price objective on Tractor Supply from $245.00 to $255.00 and gave the company a strong-buy rating in a research note on Friday, April 22nd. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $241.63.

Shares of TSCO stock opened at $195.56 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.44 and a quick ratio of 0.27. The company has a market cap of $21.88 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.11 and a beta of 1.04. The stock has a 50 day simple moving average of $196.44 and a 200-day simple moving average of $214.32. Tractor Supply has a 1-year low of $166.49 and a 1-year high of $241.54.

Tractor Supply (NASDAQ:TSCOGet Rating) last announced its earnings results on Thursday, April 21st. The specialty retailer reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.25. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.92 billion. Tractor Supply had a return on equity of 51.48% and a net margin of 7.74%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.55 EPS. Analysts anticipate that Tractor Supply will post 9.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 8th. Stockholders of record on Wednesday, May 25th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Tuesday, May 24th. Tractor Supply’s dividend payout ratio is presently 42.20%.

In other news, Director Cynthia T. Jamison sold 5,200 shares of the stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $195.10, for a total transaction of $1,014,520.00. Following the completion of the transaction, the director now directly owns 24,280 shares in the company, valued at approximately $4,737,028. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. New England Professional Planning Group Inc. purchased a new position in Tractor Supply during the 1st quarter valued at about $239,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Tractor Supply by 194.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 106 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 70 shares during the period. BDO Wealth Advisors LLC boosted its holdings in Tractor Supply by 78.1% during the 1st quarter. BDO Wealth Advisors LLC now owns 114 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 50 shares during the period. Gradient Investments LLC purchased a new position in Tractor Supply during the 4th quarter valued at about $28,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in Tractor Supply during the 4th quarter valued at about $29,000. Institutional investors own 83.17% of the company’s stock.

Tractor Supply Company Profile (Get Rating)

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

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