Tractor Supply Company (TSCO) was Reiterated by Deutsche Bank to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 100 from a previous price target of $94 . Deutsche Bank advised their investors in a research report released on Apr 21, 2016.
Many Wall Street Analysts have commented on Tractor Supply Company. Company shares were Reiterated by UBS on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 110 from a previous price target of $97 .Company shares were Reiterated by Telsey Advisory Group on Apr 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 103 from a previous price target of $100 .Barclays Initiated Tractor Supply Company on Mar 31, 2016 to “Overweight”, Price Target of the shares are set at $100.
On the company’s financial health, Tractor Supply Company reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.46. The company had revenue of $1467.80 million for the quarter, compared to analysts expectations of $1449.13 million. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.
Tractor Supply Company opened for trading at $89.35 and hit $90.75 on the upside on Monday, eventually ending the session at $90.14, with a gain of 0.76% or 0.68 points. The heightened volatility saw the trading volume jump to 16,18,541 shares. Company has a market cap of $12,018 M.
In a different news, on May 8, 2015, Richard W Frost (director) purchased 575 shares at $85.02 per share price. According to the SEC, on Apr 23, 2015, Steve K Barbarick (Executive VP Merchandising) sold 6,536 shares at $90.00 per share price. On Apr 23, 2015, Anthony F Crudele (EVP Chief Financial Officer) sold 22,756 shares at $89.43 per share price, according to the Form-4 filing with the securities and exchange commission.
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers as well as tradesmen and small businesses. As of December 27 2014 it operated 1382 retail stores in 49 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. It offers a portfolio of products which include equine livestock pet and small animal products; hardware truck towing and tool products; seasonal products including lawn and garden items power equipment gifts and toys; work/recreational clothing and footwear and maintenance products for agricultural and rural use. Its products are offered under various brands which include 4health Blue Mountain Countyline Equistages Groundwork Huskee JobSmart Dumor C.E. Schmidt Paws & Claws Producer’s Pride and Redstone among others.