Oppenheimer Holdings Inc. reissued their outperform rating on shares of Tractor Supply Co. (NASDAQ:TSCO) in a research report released on Friday. They currently have a $80.00 price objective on the stock.
TSCO has been the subject of several other reports. Piper Jaffray Cos. reissued an overweight rating and issued a $103.00 price target (down from $105.00) on shares of Tractor Supply in a research report on Friday, July 1st. Wedbush reissued an outperform rating and issued a $96.00 price target on shares of Tractor Supply in a research report on Friday, August 12th. Deutsche Bank AG reduced their price target on Tractor Supply from $76.00 to $72.00 and set a buy rating for the company in a research report on Friday, September 30th. Credit Suisse Group AG lowered Tractor Supply from an outperform rating to a neutral rating and reduced their target price for the company from $96.00 to $72.00 in a research report on Thursday, September 8th. Finally, Cowen and Company began coverage on Tractor Supply in a research report on Thursday, September 8th. They set an overweight rating on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $88.37.
Shares of Tractor Supply (NASDAQ:TSCO) opened at 68.26 on Friday. Tractor Supply has a 52 week low of $66.43 and a 52 week high of $97.25. The company has a market capitalization of $9.12 billion, a PE ratio of 21.89 and a beta of 1.20. The company has a 50-day moving average price of $73.33 and a 200-day moving average price of $87.08.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, July 20th. The company reported $1.16 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.16. The firm earned $1.85 billion during the quarter, compared to analyst estimates of $1.93 billion. Tractor Supply had a return on equity of 30.30% and a net margin of 6.57%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. Analysts predict that Tractor Supply will post $3.24 earnings per share for the current year.
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 approximately $104,000. BlueMountain Capital Management LLC purchased a new position in shares of Tractor Supply during the second quarter worth approximately $111,000. Seven Eight Capital LLC purchased a new position in shares of Tractor Supply during the first quarter worth approximately $123,000. Mizuho Asset Management Co. Ltd. boosted 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 approximately $205,000. 91.58% of the stock is owned by institutional investors and hedge funds.
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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