The stock of Tractor Supply Company (NASDAQ:TSCO) hit a new 52-week low and has $63.61 target or 5.00% below today’s $66.96 share price. The 7 months bearish chart indicates high risk for the $8.83 billion company. The 1-year low was reported on Oct, 3 by Barchart.com. If the $63.61 price target is reached, the company will be worth $441.50M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 458,189 shares traded hands. Tractor Supply Company (NASDAQ:TSCO) has declined 20.36% since February 29, 2016 and is downtrending. It has underperformed by 32.58% the S&P500.
Analysts await Tractor Supply Company (NASDAQ:TSCO) to report earnings on October, 19 after the close. They expect $0.72 earnings per share, up 12.50% or $0.08 from last year’s $0.64 per share. TSCO’s profit will be $94.95 million for 23.25 P/E if the $0.72 EPS becomes a reality. After $1.16 actual earnings per share reported by Tractor Supply Company for the previous quarter, Wall Street now forecasts -37.93% negative EPS growth.
Tractor Supply Company (NASDAQ:TSCO) Ratings Coverage
Out of 15 analysts covering Tractor Supply (NASDAQ:TSCO), 8 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 53% are positive. Tractor Supply has been the topic of 25 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was downgraded by Credit Suisse on Thursday, September 8 to “Neutral”. RBC Capital Markets maintained it with “Outperform” rating and $90.0 target price in Wednesday, January 13 report. The firm has “Neutral” rating given on Thursday, September 8 by Piper Jaffray. As per Wednesday, January 13, the company rating was maintained by Telsey Advisory Group. On Thursday, September 8 the stock rating was downgraded by Wedbush to “Neutral”. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, April 6. Deutsche Bank maintained Tractor Supply Company (NASDAQ:TSCO) rating on Friday, September 30. Deutsche Bank has “Buy” rating and $72 price target. UBS maintained Tractor Supply Company (NASDAQ:TSCO) rating on Thursday, September 8. UBS has “Buy” rating and $88 price target. RBC Capital Markets downgraded Tractor Supply Company (NASDAQ:TSCO) on Thursday, September 8 to “Sector Perform” rating. The rating was maintained by Credit Suisse with “Outperform” on Thursday, June 30.
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.”
Insitutional Activity: The institutional sentiment increased to 1.19 in Q2 2016. Its up 0.24, from 0.95 in 2016Q1. The ratio increased, 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.
Green Valley Investors Limited Liability Company, a Delaware-based fund reported 51,145 shares. Aperio Group Ltd Company has 29,938 shares for 0.02% of their US portfolio. Seven Eight Ltd has 11,359 shares for 0.36% of their US portfolio. Amalgamated Financial Bank holds 0.06% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 11,910 shares. Bridgecreek Inv Mgmt last reported 1.43% of its portfolio in the stock. Moreover, Ardevora Asset Mngmt Llp has 0.84% invested in Tractor Supply Company (NASDAQ:TSCO) for 220,000 shares. British Columbia Invest Mngmt Corp accumulated 0.07% or 92,281 shares. Mycio Wealth Limited Com holds 0.02% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 1,003 shares. Moreover, State Of New Jersey Common Pension Fund D has 0.03% invested in Tractor Supply Company (NASDAQ:TSCO) for 70,000 shares. Lmr Partners Llp last reported 13,048 shares in the company. Moreover, Ashfield Cap Prns Lc has 0.7% invested in Tractor Supply Company (NASDAQ:TSCO) for 95,146 shares. Moreover, Fernwood Investment Management Llc has 0.81% invested in Tractor Supply Company (NASDAQ:TSCO) for 9,070 shares. Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma reported 87,679 shares or 0.18% of all its holdings. Fifth Third Bank & Trust holds 4,204 shares or 0% of its portfolio. Regent Mngmt Ltd Company last reported 4,069 shares in the company.
Insider Transactions: Since April 21, 2016, the stock had 0 insider buys, and 3 selling transactions for $3.42 million net activity. 5,276 shares were sold by PARRISH BENJAMIN F JR, worth $511,772 on Thursday, April 21. Crudele Anthony F sold $1.82M worth of stock. Barbarick Steve K sold 11,250 shares worth $1.09 million.
More notable recent Tractor Supply Company (NASDAQ:TSCO) news were published by: Reuters.com which released: “BRIEF-Tractor Supply Company reports of Petsense” on September 29, 2016, also Fool.com with their article: “Why Tractor Supply Company Stock Plunged Today” published on September 08, 2016, Benzinga.com published: “Barclays Positive On Tractor Supply’s $116 Million Petsense Acquisition” on September 30, 2016. More interesting news about Tractor Supply Company (NASDAQ:TSCO) were released by: Marketwatch.com and their article: “Tractor Supply Company shares plummet after two downgrades” published on September 08, 2016 as well as Newsok.com‘s news article titled: “Window shopping” with publication date: September 22, 2016.
TSCO Company Profile
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.
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