Tractor Supply Company (NASDAQ:TSCO)‘s stock had its “hold” rating reissued by analysts at Credit Suisse Group in a research report issued to clients and investors on Wednesday. They currently have a $54.00 target price on the specialty retailer’s stock. Credit Suisse Group’s price objective would indicate a potential downside of 12.48% from the stock’s current price.
TSCO has been the topic of several other reports. BMO Capital Markets set a $57.00 price target on Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Barclays PLC reissued an “overweight” rating and issued a $70.00 target price (down from $90.00) on shares of Tractor Supply in a report on Saturday, July 22nd. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Tractor Supply in a report on Thursday, July 27th. Telsey Advisory Group dropped their target price on Tractor Supply from $83.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, July 6th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $54.00 target price (down from $69.00) on shares of Tractor Supply in a report on Thursday, July 27th. Sixteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Tractor Supply presently has a consensus rating of “Hold” and an average target price of $71.38.
Tractor Supply (NASDAQ:TSCO) opened at 61.70 on Wednesday. The company has a market capitalization of $7.82 billion, a PE ratio of 18.65 and a beta of 1.30. The company has a 50 day moving average price of $56.57 and a 200-day moving average price of $60.09. Tractor Supply has a one year low of $49.87 and a one year high of $78.25.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.02). The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. Tractor Supply’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.16 earnings per share. Analysts expect that Tractor Supply will post $3.25 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. Commonwealth Bank of Australia increased its position in Tractor Supply by 15.4% in the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after buying an additional 317 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in Tractor Supply in the second quarter worth about $139,000. Bronfman E.L. Rothschild L.P. increased its position in Tractor Supply by 3.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock worth $172,000 after buying an additional 91 shares in the last quarter. Globeflex Capital L P purchased a new stake in Tractor Supply in the second quarter worth about $206,000. Finally, Koch Industries Inc. purchased a new stake in Tractor Supply in the first quarter worth about $216,000. 92.27% of the stock is currently owned by institutional investors.
Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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