Goldman Sachs Maintains Tractor Supply Company to Neutral with Price Target $77.00

Brokerage firm Goldman Sachs Maintains its rating on Tractor Supply Company(NASDAQ:TSCO). In a research note issued to the investors, the brokerage major Lowers the price-target to $77.00 per share. The shares have been rated Neutral. The rating by Goldman Sachs was issued on Sep 12, 2016.

In a different note, On Sep 8, 2016, Credit Suisse said it Downgrades its rating on Tractor Supply Company. In the research note, the firm Lowers the price-target to $96.00 per share. The shares have been rated ‘Neutral’ by the firm. On Sep 8, 2016, PiperJaffray said it Downgrades its rating on Tractor Supply Company. The shares have been rated ‘Neutral’ by the firm. On Sep 8, 2016, Deutsche Bank said it Downgrades its rating on Tractor Supply Company. The shares have been rated ‘Hold’ by the firm. On Sep 8, 2016, Raymond James said it Downgrades its rating on Tractor Supply Company. The shares have been rated ‘Market Perform’ by the firm. On Sep 8, 2016, RBC Capital said it Downgrades its rating on Tractor Supply Company. The shares have been rated ‘Sector Perform’ by the firm. Cowen & Co. said it Initiates Coverage on Tractor Supply Company, according to a research note issued on Sep 8, 2016. The shares have been rated ‘Overweight’ by the firm.

Tractor Supply Company (TSCO) made into the market gainers list on Tuesdays trading session with the shares advancing 0.06% or 0.04 points. Due to strong positive momentum, the stock ended at $67.58, which is also near the day’s high of $67.95. The stock began the session at $67.77 and the volume stood at 17,36,336 shares. The 52-week high of the shares is $97.25 and the 52 week low is $67.3. The company has a current market capitalization of $9,033 M and it has 13,36,64,784 shares in outstanding.

Tractor Supply Company(TSCO) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.85B. Analysts had an estimated revenue of $1.85B. Earnings per share were $1.16. Analysts had estimated an EPS of $1.16.

Several Insider Transactions has been reported to the SEC. On Jun 1, 2016, Anthony F Crudele (EVP Chief Financial Officer) sold 18,894 shares at $96.16 per share price.Also, 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 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.

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