Tractor Supply (NASDAQ:TSCO) Receives a Higher Rating From PiperJaffray. What’s The Reasoning Behind This Move?

April 21, 2018 - By Stephen Andrade

Tractor Supply Company (NASDAQ:TSCO) Logo

Investors sentiment decreased to 0.89 in Q4 2017. Its down 0.14, from 1.03 in 2017Q3. It fall, as 46 investors sold Tractor Supply Company shares while 182 reduced holdings. 75 funds opened positions while 128 raised stakes. 98.98 million shares or 9.59% less from 109.48 million shares in 2017Q3 were reported.

19,970 were accumulated by Bath Savings Trust. Smith Salley And stated it has 0.08% of its portfolio in Tractor Supply Company (NASDAQ:TSCO). Citadel Advisors Lc invested in 4,306 shares or 0% of the stock. Ls Invest Limited has invested 0.03% of its portfolio in Tractor Supply Company (NASDAQ:TSCO). Laurion Mgmt Lp holds 3,500 shares or 0% of its portfolio. Goldman Sachs Group Inc owns 1.22M shares for 0.02% of their portfolio. Financial Architects accumulated 270 shares. Mufg Americas Hldg Corporation, a New York-based fund reported 45,097 shares. Hsbc Public Lc invested in 0.01% or 102,730 shares. Norinchukin Bancorporation The holds 0.01% or 10,038 shares in its portfolio. Covington Mgmt holds 0.1% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 22,309 shares. Rampart Investment Comm Ltd Company has 1,694 shares for 0.05% of their portfolio. Vanguard Grp Inc Inc reported 12.46M shares. Smithfield owns 1,419 shares or 0.01% of their US portfolio. British Columbia Invest holds 0.03% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 58,026 shares.

Since December 18, 2017, it had 0 insider buys, and 2 selling transactions for $3.04 million activity. Another trade for 1,054 shares valued at $70,687 was sold by MORRIS EDNA.

Tractor Supply (NASDAQ:TSCO) Stock Upgrade

In a research note issued to clients and investors on Friday morning, PiperJaffray boosted shares of Tractor Supply (NASDAQ:TSCO) to a solid Overweight rating from their previous Neutral rating.

Investors sentiment decreased to 0.89 in Q4 2017. Its down 0.14, from 1.03 in 2017Q3. It fall, as 46 investors sold Tractor Supply Company shares while 182 reduced holdings. 75 funds opened positions while 128 raised stakes. 98.98 million shares or 9.59% less from 109.48 million shares in 2017Q3 were reported.

19,970 were accumulated by Bath Savings Trust. Smith Salley And stated it has 0.08% of its portfolio in Tractor Supply Company (NASDAQ:TSCO). Citadel Advisors Lc invested in 4,306 shares or 0% of the stock. Ls Invest Limited has invested 0.03% of its portfolio in Tractor Supply Company (NASDAQ:TSCO). Laurion Mgmt Lp holds 3,500 shares or 0% of its portfolio. Goldman Sachs Group Inc owns 1.22M shares for 0.02% of their portfolio. Financial Architects accumulated 270 shares. Mufg Americas Hldg Corporation, a New York-based fund reported 45,097 shares. Hsbc Public Lc invested in 0.01% or 102,730 shares. Norinchukin Bancorporation The holds 0.01% or 10,038 shares in its portfolio. Covington Mgmt holds 0.1% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 22,309 shares. Rampart Investment Comm Ltd Company has 1,694 shares for 0.05% of their portfolio. Vanguard Grp Inc Inc reported 12.46M shares. Smithfield owns 1,419 shares or 0.01% of their US portfolio. British Columbia Invest holds 0.03% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 58,026 shares.

Since December 18, 2017, it had 0 insider buys, and 2 selling transactions for $3.04 million activity. Another trade for 1,054 shares valued at $70,687 was sold by MORRIS EDNA.

Tractor Supply Company (NASDAQ:TSCO) Ratings Coverage

Among 19 analysts covering Tractor Supply (NASDAQ:TSCO), 6 have Buy rating, 1 Sell and 12 Hold. Therefore 32% are positive. Tractor Supply has $95.0 highest and $51 lowest target. $72.20’s average target is 19.68% above currents $60.33 stock price. Tractor Supply had 31 analyst reports since October 25, 2017 according to SRatingsIntel. The rating was upgraded by Goldman Sachs to “Buy” on Monday, April 16. The firm has “Buy” rating given on Tuesday, January 16 by Robert W. Baird. RBC Capital Markets maintained Tractor Supply Company (NASDAQ:TSCO) rating on Monday, January 29. RBC Capital Markets has “Hold” rating and $74.0 target. The rating was maintained by RBC Capital Markets on Monday, February 12 with “Hold”. Robert W. Baird maintained Tractor Supply Company (NASDAQ:TSCO) rating on Wednesday, January 31. Robert W. Baird has “Buy” rating and $85.0 target. The stock of Tractor Supply Company (NASDAQ:TSCO) earned “Hold” rating by Telsey Advisory on Thursday, February 1. On Tuesday, January 16 the stock rating was maintained by Stephens with “Hold”. Deutsche Bank maintained the shares of TSCO in report on Thursday, October 26 with “Hold” rating. Telsey Advisory Group downgraded the shares of TSCO in report on Thursday, January 25 to “Market Perform” rating. Morgan Stanley maintained Tractor Supply Company (NASDAQ:TSCO) rating on Thursday, November 16. Morgan Stanley has “Equal-Weight” rating and $57 target.

The stock increased 0.75% or $0.45 during the last trading session, reaching $60.33. About 1.83 million shares traded. Tractor Supply Company (NASDAQ:TSCO) has declined 13.12% since April 21, 2017 and is downtrending. It has underperformed by 24.67% the S&P500.

Analysts await Tractor Supply Company (NASDAQ:TSCO) to report earnings on April, 26 before the open. They expect $0.58 EPS, up 26.09 % or $0.12 from last year’s $0.46 per share. TSCO’s profit will be $71.84 million for 26.00 P/E if the $0.58 EPS becomes a reality. After $0.91 actual EPS reported by Tractor Supply Company for the previous quarter, Wall Street now forecasts -36.26 % negative EPS growth.

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company has market cap of $7.47 billion. The firm 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. It has a 18.28 P/E ratio. As of January 26, 2017, it operated 1,600 retail stores in 49 states.

Tractor Supply Company (NASDAQ:TSCO) Institutional Positions Chart

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