TSCO has been the topic of several other research reports. Piper Jaffray Cos. reaffirmed an overweight rating and set a $103.00 price target (down previously from $105.00) on shares of Tractor Supply in a research report on Friday, July 1st. Wedbush reaffirmed an outperform rating and set a $96.00 price target on shares of Tractor Supply in a research report on Friday, August 12th. Deutsche Bank AG lowered their price target on Tractor Supply from $76.00 to $72.00 and set a buy rating on the stock in a research report on Friday, September 30th. Credit Suisse Group AG lowered Tractor Supply from an outperform rating to a neutral rating and lowered their price target for the stock from $96.00 to $72.00 in a research report on Thursday, September 8th. Finally, Cowen and Company assumed coverage on Tractor Supply in a research report on Thursday, September 8th. They set an overweight rating on the stock. One research 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 presently has a consensus rating of Hold and a consensus target price of $88.37.
Tractor Supply (NASDAQ:TSCO) opened at 66.95 on Friday. Tractor Supply has a 52 week low of $66.43 and a 52 week high of $97.25. The company has a 50 day moving average price of $75.80 and a 200-day moving average price of $87.83. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 21.47 and a beta of 1.20.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.16. Tractor Supply had a return on equity of 30.30% and a net margin of 6.57%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the firm earned $1.12 EPS. Tractor Supply’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts predict that Tractor Supply will post $3.24 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the company. CapWealth Advisors LLC boosted its position in Tractor Supply by 885.8% in the first quarter. CapWealth Advisors LLC now owns 18,395 shares of the company’s stock worth $1,664,000 after buying an additional 16,529 shares during the period. Palisade Capital Management LLC NJ boosted its position in Tractor Supply by 768.6% in the first quarter. Palisade Capital Management LLC NJ now owns 53,924 shares of the company’s stock worth $4,878,000 after buying an additional 47,716 shares during the period. NN Investment Partners Holdings N.V. acquired a new position in Tractor Supply during the first quarter worth approximately $2,386,000. BlackRock Institutional Trust Company N.A. boosted its position in Tractor Supply by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,430,901 shares of the company’s stock worth $310,359,000 after buying an additional 15,671 shares during the period. Finally, BlackRock Group LTD boosted its position in Tractor Supply by 0.4% in the first quarter. BlackRock Group LTD now owns 968,880 shares of the company’s stock worth $87,644,000 after buying an additional 4,021 shares during the period. 91.58% of the stock is 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 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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