TSCO has been the subject of a number of other reports. Goldman Sachs Group Inc. set a $77.00 price target on shares of Tractor Supply and gave the stock a hold rating in a research report on Monday, September 12th. Morgan Stanley reissued a hold rating and set a $95.00 price target on shares of Tractor Supply in a research report on Tuesday, September 6th. SunTrust Banks Inc. reduced their price target on shares of Tractor Supply from $102.00 to $95.00 and set a buy rating for the company in a research report on Thursday, September 8th. Wedbush lowered shares of Tractor Supply from an outperform rating to a neutral rating and reduced their price target for the stock from $96.00 to $72.00 in a research report on Thursday, September 8th. Finally, Oppenheimer Holdings Inc. reissued an outperform rating and set a $80.00 price target (down from $110.00) on shares of Tractor Supply in a research report on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. Tractor Supply presently has an average rating of Hold and an average price target of $88.37.
Shares of Tractor Supply (NASDAQ:TSCO) opened at 67.24 on Friday. Tractor Supply has a 12 month low of $66.43 and a 12 month high of $97.25. The company’s 50-day moving average is $75.29 and its 200 day moving average is $87.68. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 21.57 and a beta of 1.20.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.16. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The company earned $1.85 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the firm posted $1.12 EPS. Tractor Supply’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts anticipate that Tractor Supply will post $3.24 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. CapWealth Advisors LLC raised its stake in shares of 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 raised its stake in shares of 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 stake in shares of Tractor Supply during the first quarter worth about $2,386,000. BlackRock Institutional Trust Company N.A. raised its stake in shares of 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 raised its stake in shares of 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. Institutional investors own 91.58% of the company’s stock.
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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