Several other equities analysts also recently issued reports on the stock. Oppenheimer Holdings Inc. restated an outperform rating on shares of Tractor Supply in a report on Friday, August 5th. Zacks Investment Research upgraded shares of Tractor Supply from a sell rating to a hold rating in a report on Tuesday, August 30th. Morgan Stanley restated a hold rating and set a $95.00 price objective on shares of Tractor Supply in a report on Tuesday, September 6th. Nomura restated a buy rating and set a $105.00 price objective on shares of Tractor Supply in a report on Thursday, September 8th. Finally, Raymond James Financial Inc. downgraded shares of Tractor Supply from a strong-buy rating to a market perform rating in a report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $88.37.
Tractor Supply (NASDAQ:TSCO) opened at 66.95 on Friday. The firm’s 50-day moving average is $75.80 and its 200 day moving average is $87.83. The stock has a market cap of $8.95 billion, a P/E ratio of 21.47 and a beta of 1.20. Tractor Supply has a one year low of $66.43 and a one year high of $97.25.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.16. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts anticipate that Tractor Supply will post $3.24 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hanson McClain Inc. purchased a new position in shares of Tractor Supply during the second quarter worth $104,000. BlueMountain Capital Management LLC purchased a new position in shares of Tractor Supply during the second quarter worth $111,000. Seven Eight Capital LLC purchased a new position in shares of Tractor Supply during the first quarter worth $123,000. Mizuho Asset Management Co. Ltd. raised its position in shares of 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 last quarter. Finally, Turner Investments L.P. purchased a new position in shares of Tractor Supply during the second quarter worth $205,000. Institutional investors own 91.58% of the company’s stock.
Tractor Supply Company Profile
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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