JP Morgan Maintains Tractor Supply Company to Overweight with Price Target $103.00

Brokerage firm JP Morgan 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 $103.00 per share. The shares have been rated Overweight. The rating by JP Morgan was issued on Jun 30, 2016.

In a different note, Guggenheim Securities said it Initiates Coverage on Tractor Supply Company, according to a research note issued on Jun 14, 2016. The shares have been rated ‘Buy’ by the firm. On Jun 10, 2016, Oppenheimer said it Maintains its rating on Tractor Supply Company. In the research note, the firm Raises the price-target to $92.00 per share. The shares have been rated ‘Outperform’ by the firm. BTIG Research said it Initiates Coverage on Tractor Supply Company, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Buy’ by the firm. On Apr 21, 2016, Goldman Sachs said it Maintains its rating on Tractor Supply Company. In the research note, the firm Raises the price-target to $95.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 21, 2016, UBS said it Maintains its rating on Tractor Supply Company. In the research note, the firm Raises the price-target to $97.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 6, 2016, Goldman Sachs said it Maintains its rating on Tractor Supply Company. In the research note, the firm Raises the price-target to $92.00 per share. The shares have been rated ‘Neutral’ by the firm.

Tractor Supply Company (TSCO) shares turned negative on Tuesdays trading session with the shares closing down -0.45 points or -0.49% at a volume of 9,98,403. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $92.79. The peak price level was also seen at $92.79 while the days lowest was $91.21. Finally the shares closed at $92.02. The 52-week high of the shares is $97.25 while the 52-week low is $75. According to the latest information available, the market cap of the company is $12,278 M.

Tractor Supply Company(TSCO) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.47B. Analysts had an estimated revenue of $1.45B. Earnings per share were $0.50. Analysts had estimated an EPS of $0.46.

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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