Opinion

Tractor Supply Company (NASDAQ:TSCO) Analyst Opinion

Tractor Supply Company (NASDAQ:TSCO) stock is presently standing at about $71.70 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 23 analysts covering the company is $85.00, which suggests the stock could still rise over 16 percent. The highest analyst price target is $105.00, which implies a rally of 54 percent. And a quick view of analyst notes show that 7 are rating the stock a buy while 7 rate TSCO a strong buy. There are 15 equity research firms advocating a Hold and 0 consider it Sell.

SunTrust analysts provided their view on Tractor Supply Company (NASDAQ:TSCO) recently. The rating firm issued a Hold rating to this company in a research note released on Feb 03, 2017. Wedbush analysts disclosed their opinion on Tractor Supply Company (NASDAQ:TSCO) recently. The rating firm gave a Outperform rating to this stock in a research note published on Jan 13, 2017. According to a research note disclosed on Nov 30, 2016, analysts at Northcoast have upped their rating on these shares from Neutral to Buy.

Tractor Supply Company (NASDAQ:TSCO) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its President & CMO Barbarick Steve K sold 15,014 company shares for 1089870, in a transaction on 2017-03-09. Following the transaction, the President & CMO is left with a stake of 57,629 shares, currently valued at $4131999. Meanwhile, Director MORRIS EDNA sold 1,413 shares worth $102980, through a transaction dated 2017-02-16. Following the completion of the transaction, the insider is left with a stake of 61,161 shares, amounting $4385243.7. TSCO EVP CFO Crudele Anthony F also sold 30,000 shares, at a stock price of $76.4. This transaction occurred on 2016-12-12 totals $2292000. After this transaction, the insider’s stake stands at 161,862 shares, with a market value of $11605505.

Executives hold 3.58 percent of the stock. Joseph H. Scarlett,Jr is one of the biggest insider owners in Tractor Supply Company (NASDAQ:TSCO), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 3,297,706 shares which have current market value of around $236445520.2.Mr. James F. Wright is another major inside shareholder in the company. The insider owns 341,730 shares as of 0.26%, currently worth $24502041. Thomas O. Flood is ranked as third insider holder of the stock. This insider holds 200,968 shares with a market value around $14409405.6 as of recent close.

Tractor Supply Company (NASDAQ:TSCO) Earnings Outlook

In Tractor Supply Company (NASDAQ:TSCO)’s latest quarter, EPS moved to $0.94 from $0.67 in preceding quarter and revenues reached at $1,916.54M compared to $1,542.71M. Analysts had expected Tractor Supply Company (NASDAQ:TSCO) to post net income of about $0.92 per share on $1,873.65M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.49 to $0.55. That is compared with the $0.50 in EPS it reported during the same period a year ago.

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