A number of other analysts also recently commented on the company. Oppenheimer Holdings Inc. reiterated an outperform rating on shares of Tractor Supply in a research report on Friday, August 5th. Zacks Investment Research upgraded Tractor Supply from a sell rating to a hold rating in a research report on Tuesday, August 30th. Morgan Stanley reiterated a hold rating and set a $95.00 target price on shares of Tractor Supply in a research report on Tuesday, September 6th. Barclays PLC reiterated an overweight rating and set a $90.00 target price on shares of Tractor Supply in a research report on Friday, September 30th. Finally, BMO Capital Markets reiterated a market perform rating and set a $74.00 target price on shares of Tractor Supply in a research report on Tuesday, October 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $88.37.
Tractor Supply (NASDAQ:TSCO) traded down 1.80% during trading on Friday, hitting $66.05. 992,241 shares of the company were exchanged. Tractor Supply has a 1-year low of $65.39 and a 1-year high of $97.25. The stock has a market capitalization of $8.83 billion, a PE ratio of 21.18 and a beta of 1.21. The firm’s 50 day moving average price is $71.86 and its 200-day moving average price is $86.65.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $1.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.16. The firm had revenue of $1.85 billion for 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%. Tractor Supply’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 earnings per share. Equities analysts predict that Tractor Supply will post $3.24 EPS for the current year.
Several large investors have recently bought and sold shares of TSCO. Hanson McClain Inc. bought a new stake in Tractor Supply during the second quarter worth about $104,000. BlueMountain Capital Management LLC acquired a new position in shares of Tractor Supply during the second quarter worth approximately $111,000. Seven Eight Capital LLC acquired a new position in shares of Tractor Supply during the first quarter worth approximately $123,000. Mizuho Asset Management Co. Ltd. increased 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 in the last quarter. Finally, Turner Investments L.P. acquired a new position in shares of Tractor Supply during the second quarter worth approximately $205,000. Institutional investors and hedge funds own 91.58% of the company’s stock.
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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