Tractor Supply Co. (NASDAQ:TSCO) – Equities research analysts at Wedbush lowered their Q1 2017 EPS estimates for Tractor Supply in a report released on Friday. Wedbush analyst S. Basham now anticipates that the brokerage will earn $0.55 per share for the quarter, down from their previous forecast of $0.56. Wedbush has a “Neutral” rating and a $72.00 price objective on the stock. Wedbush also issued estimates for Tractor Supply’s Q2 2017 earnings at $1.30 EPS.
Several other equities research analysts have also issued reports on TSCO. JPMorgan Chase & Co. lowered their target price on shares of Tractor Supply from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, June 30th. Nomura reiterated a “buy” rating and set a $105.00 price objective on shares of Tractor Supply in a report on Thursday, June 30th. Credit Suisse Group AG reiterated an “outperform” rating and set a $96.00 price objective (down previously from $100.00) on shares of Tractor Supply in a report on Thursday, June 30th. BTIG Research lowered shares of Tractor Supply from a “buy” rating to a “neutral” rating in a report on Thursday, September 8th. Finally, Royal Bank Of Canada lifted their price objective on shares of Tractor Supply from $97.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. Tractor Supply presently has an average rating of “Hold” and an average price target of $88.37.
Tractor Supply (NASDAQ:TSCO) opened at 67.03 on Monday. The company has a market cap of $8.96 billion, a P/E ratio of 21.50 and a beta of 1.21. The stock has a 50 day moving average of $76.35 and a 200 day moving average of $87.99. Tractor Supply has a 52 week low of $66.43 and a 52 week high of $97.25.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.16. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.93 billion. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.12 earnings per share.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Hanson McClain Inc. purchased a new position in shares of Tractor Supply during the second quarter worth about $104,000. BlueMountain Capital Management LLC bought a new stake in Tractor Supply during the second quarter worth approximately $111,000. Seven Eight Capital LLC bought a new stake in Tractor Supply during the first quarter worth approximately $123,000. Mizuho Asset Management Co. Ltd. boosted its stake in Tractor Supply by 95.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,693 shares of the company’s stock worth $154,000 after buying an additional 826 shares during the period. Finally, Turner Investments L.P. bought a new stake in Tractor Supply during the second quarter worth approximately $205,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.
About Tractor Supply
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company operates in the retail sale of products that support the rural lifestyle segment. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.
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