The stock of Tractor Supply Company (NASDAQ:TSCO) is a huge mover today! About 526,956 shares traded hands. Tractor Supply Company (NASDAQ:TSCO) has declined 22.16% since March 3, 2016 and is downtrending. It has underperformed by 30.50% the S&P500.
The move comes after 7 months positive chart setup for the $9.17B company. It was reported on Oct, 6 by Barchart.com. We have $113.36 PT which if reached, will make NASDAQ:TSCO worth $6.05 billion more.
Analysts await Tractor Supply Company (NASDAQ:TSCO) to report earnings on October, 19 after the close. They expect $0.72 EPS, up 12.50% or $0.08 from last year’s $0.64 per share. TSCO’s profit will be $96.68 million for 23.71 P/E if the $0.72 EPS becomes a reality. After $1.16 actual EPS 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. Credit Suisse maintained the stock with “Outperform” rating in Thursday, June 30 report. The company was maintained on Thursday, October 22 by RBC Capital Markets. UBS maintained Tractor Supply Company (NASDAQ:TSCO) rating on Thursday, April 21. UBS has “Buy” rating and $110 price target. Zacks upgraded it to “Buy” rating and $95 target price in Tuesday, September 22 report. Zacks downgraded the stock to “Buy” rating in Thursday, August 27 report. The rating was maintained by Goldman Sachs on Thursday, April 21 with “Neutral”. On Thursday, June 30 the stock rating was maintained by JP Morgan with “Overweight”. The company was maintained on Tuesday, July 28 by Argus Research. The stock of Tractor Supply Company (NASDAQ:TSCO) has “Neutral” rating given on Thursday, September 8 by Piper Jaffray. Raymond James downgraded the stock to “Mkt Perform” rating in Thursday, September 8 report.
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 2016 Q2. 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.
Ironbridge Capital Mngmt L P reported 323,068 shares or 1.29% of all its holdings. Amp Cap Investors Ltd holds 0.06% or 98,172 shares in its portfolio. Renaissance Tech Ltd owns 277,600 shares or 0.05% of their US portfolio. Northern owns 1.66 million shares or 0.05% of their US portfolio. Caisse De Depot Et Placement Du Quebec has 0% invested in the company for 20,901 shares. Ameriprise accumulated 276,634 shares or 0.01% of the stock. Dynamic Limited reported 6,486 shares or 0.07% of all its holdings. Solaris Asset Mngmt Ltd Llc holds 2.91% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 44,275 shares. Sumitomo Mitsui, a Japan-based fund reported 369,232 shares. Credit Suisse Ag holds 0.06% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 616,346 shares. Eqis Cap last reported 0.02% of its portfolio in the stock. Landscape Management Limited Liability Corporation owns 8,392 shares or 0.1% of their US portfolio. Mutual Of America Management Ltd Limited Liability Company holds 0.04% or 23,139 shares in its portfolio. Alliancebernstein Lp, a New York-based fund reported 1.98 million shares. Autus Asset Management Limited Liability has invested 0.53% of its portfolio in Tractor Supply Company (NASDAQ:TSCO).
Insider Transactions: Since April 21, 2016, the stock had 0 buys, and 3 insider sales for $3.42 million net activity. Barbarick Steve K also sold $1.09 million worth of Tractor Supply Company (NASDAQ:TSCO) shares. $511,772 worth of Tractor Supply Company (NASDAQ:TSCO) shares were sold by PARRISH BENJAMIN F JR. Crudele Anthony F sold $1.82 million worth of stock or 18,894 shares.
More notable recent Tractor Supply Company (NASDAQ:TSCO) news were published by: Seekingalpha.com which released: “Tractor Supply Company: Unconventional Organic Food Play” on October 03, 2016, also Streetinsider.com with their article: “Tractor Supply Company (TSCO) Bullish View Reiterated at Oppenheimer Following …” published on October 06, 2016, Reuters.com published: “BRIEF-Tractor Supply Company reports of Petsense” on September 29, 2016. More interesting news about Tractor Supply Company (NASDAQ:TSCO) were released by: Fool.com and their article: “Why Tractor Supply Company Stock Plunged Today” published on September 08, 2016 as well as Marketwatch.com‘s news article titled: “Tractor Supply Company shares plummet after two downgrades” with publication date: September 08, 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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