November 28, 2016 - By Ruchi Gupta · 0 Comments
Tractor Supply Co (NASDAQ:TSCO) institutional sentiment decreased to 0.89 in 2016 Q2. Its down -0.30, from 1.19 in 2016Q1. The ratio has worsened, as 248 active investment managers opened new or increased stock positions, while 209 sold and reduced holdings in Tractor Supply Co. The active investment managers in our partner’s database now possess: 117.30 million shares, down from 119.74 million shares in 2016Q1. Also, the number of active investment managers holding Tractor Supply Co in their top 10 stock positions decreased from 18 to 17 for a decrease of 1. Sold All: 32 Reduced: 177 Increased: 192 New Position: 56.
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The company has a market cap of $9.74 billion. The Firm operates in the retail sale of products that support the rural lifestyle segment. It has a 23.64 P/E ratio. The Firm focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.
Tractor Supply Company (NASDAQ:TSCO) has declined 21.58% since April 25, 2016 and is downtrending. It has underperformed by 27.59% 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 $120.44 million for 20.22 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.
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.”
Provident Investment Management Inc. holds 5.46% of its portfolio in Tractor Supply Company for 290,325 shares. Smith Thomas W owns 39,732 shares or 5.21% of their US portfolio. Moreover, Cim Llc has 5.02% invested in the company for 110,169 shares. The Illinois-based Thomas Story & Son Llc has invested 4.6% in the stock. Mitchell Capital Management Co, a Kansas-based fund reported 122,352 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 0 selling transactions for $66,136 net activity.
Ratings analysis reveals 47% of Tractor Supply’s analysts are positive. Out of 15 Wall Street analysts rating Tractor Supply, 7 give it “Buy”, 0 “Sell” rating, while 8 recommend “Hold”. The lowest target is $65 while the high is $110. The stock’s average target of $89.33 is 20.07% above today’s ($74.4) share price. TSCO was included in 29 notes of analysts from July 23, 2015. The firm has “Buy” rating by Deutsche Bank given on Friday, September 30. As per Thursday, June 30, the company rating was maintained by Credit Suisse. Goldman Sachs maintained it with “Neutral” rating and $102 target price in Thursday, April 21 report. The rating was downgraded by Raymond James to “Mkt Perform” on Thursday, September 8. The stock has “Buy” rating given by Deutsche Bank on Thursday, July 23. The rating was initiated by Guggenheim with “Buy” on Tuesday, June 14. The rating was maintained by Deutsche Bank on Thursday, October 20 with “Buy”. Argus Research maintained Tractor Supply Company (NASDAQ:TSCO) rating on Tuesday, July 28. Argus Research has “Buy” rating and $105 price target. On Friday, October 28 the stock rating was downgraded by Argus Research to “Hold”. The stock has “Neutral” rating given by Piper Jaffray on Thursday, September 8.
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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By Ruchi Gupta