Tractor Supply Co. (NASDAQ:TSCO) has been assigned a consensus recommendation of “Hold” from the twenty-three research firms that are covering the company. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $84.88.
A number of equities analysts recently weighed in on TSCO shares. BTIG Research restated a “buy” rating and set a $105.00 target price (down from $115.00) on shares of Tractor Supply in a report on Thursday, June 30th. Nomura restated a “buy” rating and set a $105.00 target price on shares of Tractor Supply in a report on Thursday, June 30th. Guggenheim started coverage on shares of Tractor Supply in a report on Monday, June 13th. They set a “buy” rating and a $110.00 target price on the stock. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Tractor Supply in a report on Tuesday, June 7th. Finally, Deutsche Bank AG upped their price objective on shares of Tractor Supply from $96.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, July 21st.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC increased its position in Tractor Supply by 12.5% in the first quarter. Aperio Group LLC now owns 29,919 shares of the company’s stock valued at $2,706,000 after buying an additional 3,314 shares in the last quarter. Virginia Retirement System purchased a new position in Tractor Supply during the first quarter valued at about $1,355,000. CIBC World Markets Inc. increased its position in Tractor Supply by 57.5% in the first quarter. CIBC World Markets Inc. now owns 15,271 shares of the company’s stock valued at $1,381,000 after buying an additional 5,576 shares in the last quarter. Teachers Advisors Inc. increased its position in Tractor Supply by 6.0% in the first quarter. Teachers Advisors Inc. now owns 374,036 shares of the company’s stock valued at $33,835,000 after buying an additional 21,278 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Tractor Supply by 1.2% in the first quarter. Franklin Resources Inc. now owns 768,061 shares of the company’s stock valued at $69,479,000 after buying an additional 9,074 shares in the last quarter. 91.58% of the stock is owned by institutional investors.
Tractor Supply (NASDAQ:TSCO) traded up 0.16% during trading on Tuesday, hitting $67.14. 705,911 shares of the stock were exchanged. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 21.53 and a beta of 1.21. Tractor Supply has a 52 week low of $66.43 and a 52 week high of $97.25. The firm has a 50-day moving average of $76.35 and a 200-day moving average of $87.99.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.16. The business 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 firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.12 earnings per share. Equities research analysts anticipate that Tractor Supply will post $3.24 earnings per share for the current fiscal year.
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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