Tractor Supply Company (TSCO) is Downgraded by Credit Suisse to Neutral

Tractor Supply Company (TSCO) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on Sep 8, 2016.

Many Wall Street Analysts have commented on Tractor Supply Company. Tractor Supply Company was Downgraded by Piper Jaffray to ” Neutral” on Sep 8, 2016. Tractor Supply Company was Downgraded by Northcoast to ” Neutral” on Jun 30, 2016. Shares were Reiterated by RBC Capital Mkts on Jun 30, 2016 to “Outperform” and Lowered the Price Target to $ 97 from a previous price target of $100 .

On the company’s financial health, Tractor Supply Company reported $1.16 EPS for the quarter, based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus estimate of $1.16. The company had revenue of $1850.00 million for the quarter, compared to analysts expectations of $1851.88 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.

Tractor Supply Company closed down -0.02 points or -0.02% at $83.53 with 1,426,579 shares getting traded on Wednesday. Post opening the session at $83.32, the shares hit an intraday low of $83.095 and an intraday high of $83.735 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jun 1, 2016, Anthony F Crudele (EVP Chief Financial Officer) sold 18,894 shares at $96.16 per share price. According to the SEC, on Jun 1, 2016, Steve K Barbarick (President & CMO) sold 11,250 shares at $96.59 per share price. On Apr 25, 2016, Benjamin F Jr Parrish (EVP General Counsel) sold 5,276 shares at $97.00 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 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.

Tractor Supply Company

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