Worth Watching: What’s Tractor Supply Company Upside After Today’s Significant Increase?

Worth Watching: What's Tractor Supply Company Upside After Today's Significant Increase?

The stock of Tractor Supply Company (NASDAQ:TSCO) is a huge mover today! About 493,311 shares traded hands. Tractor Supply Company (NASDAQ:TSCO) has declined 21.23% since April 26, 2016 and is downtrending. It has underperformed by 26.49% the S&P500.
The move comes after 5 months positive chart setup for the $9.85B company. It was reported on Nov, 29 by Barchart.com. We have $76.95 PT which if reached, will make NASDAQ:TSCO worth $295.50M more.

Analysts await Tractor Supply Company (NASDAQ:TSCO) to report earnings on February, 1 after the close. They expect $0.92 earnings per share, up 12.20% or $0.10 from last year’s $0.82 per share. TSCO’s profit will be $121.30M for 20.30 P/E if the $0.92 EPS becomes a reality. After $0.67 actual earnings per share reported by Tractor Supply Company for the previous quarter, Wall Street now forecasts 37.31% EPS growth.

Tractor Supply Company (NASDAQ:TSCO) Ratings Coverage

Out of 15 analysts covering Tractor Supply (NASDAQ:TSCO), 7 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 47% are positive. Tractor Supply has been the topic of 29 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, September 30 by Deutsche Bank. The firm earned “Outperform” rating on Thursday, June 30 by RBC Capital Markets. The stock of Tractor Supply Company (NASDAQ:TSCO) earned “Buy” rating by Deutsche Bank on Thursday, July 23. The firm has “Hold” rating given on Friday, October 28 by Argus Research. As per Thursday, October 20, the company rating was maintained by Telsey Advisory Group. The stock of Tractor Supply Company (NASDAQ:TSCO) earned “Neutral” rating by Credit Suisse on Thursday, September 8. The rating was initiated by Guggenheim on Tuesday, June 14 with “Buy”. UBS maintained the shares of TSCO in a report on Thursday, September 8 with “Buy” rating. The firm earned “Neutral” rating on Wednesday, April 6 by Goldman Sachs. UBS maintained it with “Buy” rating and $110 target price in Thursday, April 21 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 decreased to 0.89 in Q2 2016. Its down 0.30, from 1.19 in 2016Q1. The ratio worsened, 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.
Deutsche Commercial Bank Ag has 447,875 shares for 0.03% of their US portfolio. Qs Invsts Ltd holds 4,287 shares or 0% of its portfolio. Mutual Of America Cap Management Ltd Liability has 0.04% invested in the company for 23,139 shares. Fmr Lc last reported 288,919 shares in the company. Blackrock Gru last reported 0.05% of its portfolio in the stock. Assetmark last reported 304 shares in the company. Synovus Financial Corp, a Georgia-based fund reported 1,524 shares. Moreover, Nomura Asset Company Limited has 0.04% invested in Tractor Supply Company (NASDAQ:TSCO) for 23,963 shares. Amalgamated Comml Bank owns 11,910 shares or 0.06% of their US portfolio. Cullen Frost Bankers has 0.02% invested in the company for 5,464 shares. Quantitative Invest Management Ltd Liability Com last reported 0.03% of its portfolio in the stock. Moreover, Financial Mgmt Pro Inc has 0% invested in Tractor Supply Company (NASDAQ:TSCO) for 53 shares. Shell Asset Mgmt accumulated 0.02% or 9,329 shares. Conning holds 0.01% or 2,960 shares in its portfolio. Jag Management Ltd Company, a Missouri-based fund reported 121,804 shares.

Insider Transactions: Since May 31, 2016, the stock had 1 insider purchase, and 0 insider sales for $66,136 net activity. $66,136 worth of Tractor Supply Company (NASDAQ:TSCO) shares were bought by Weikel Mark J. $1.82M worth of shares were sold by Crudele Anthony F on Wednesday, June 1. $1.09M worth of shares were sold by Barbarick Steve K on Tuesday, May 31.

Another recent and important Tractor Supply Company (NASDAQ:TSCO) news was published by Baltimoresun.com which published an article titled: “Tractor Supply Company’s new Fallston store is open, celebration Saturday” on November 03, 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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