Tractor Supply Co. (NASDAQ:TSCO) is set to post its Q316 quarterly earnings results on Wednesday, October 19th. Analysts expect Tractor Supply to post earnings of $0.66 per share and revenue of $1.54 billion for the quarter.
Tractor Supply (NASDAQ:TSCO) last issued 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 return on equity of 30.30% and a net margin of 6.57%. The firm earned $1.85 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the company posted $1.12 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts expect Tractor Supply to post $3.24 EPS for the current fiscal year and $3.63 EPS for the next fiscal year.
Shares of Tractor Supply Co. (NASDAQ:TSCO) opened at 67.26 on Monday. The company has a market cap of $8.99 billion, a P/E ratio of 21.57 and a beta of 1.20. Tractor Supply Co. has a 52-week low of $66.43 and a 52-week high of $97.25. The stock’s 50 day moving average price is $71.86 and its 200-day moving average price is $86.65.
Institutional investors have recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec boosted its position in Tractor Supply by 12.4% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 20,901 shares of the company’s stock valued at $1,906,000 after buying an additional 2,300 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in Tractor Supply by 178.9% in the second quarter. Cubist Systematic Strategies LLC now owns 7,434 shares of the company’s stock valued at $678,000 after buying an additional 4,769 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Tractor Supply by 785.8% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 162,990 shares of the company’s stock valued at $14,862,000 after buying an additional 144,590 shares in the last quarter. Weiss Multi Strategy Advisers LLC purchased a new position in Tractor Supply during the second quarter valued at approximately $438,000. Finally, Panagora Asset Management Inc. boosted its position in Tractor Supply by 100.6% in the second quarter. Panagora Asset Management Inc. now owns 6,309 shares of the company’s stock valued at $575,000 after buying an additional 3,164 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.
TSCO has been the subject of several analyst reports. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $80.00 target price on shares of Tractor Supply in a research report on Friday, October 7th. Goldman Sachs Group Inc. set a $77.00 target price on Tractor Supply and gave the stock a “hold” rating in a research report on Monday, September 12th. Morgan Stanley reaffirmed a “hold” rating and set a $95.00 target price on shares of Tractor Supply in a research report on Tuesday, September 6th. Deutsche Bank AG lowered their target price 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. Finally, Wedbush lowered Tractor Supply from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $96.00 to $72.00 in a research report on Thursday, September 8th. Two analysts have rated the stock with a sell rating, ten have assigned 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.
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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