Tractor Supply Co. (NASDAQ:TSCO) had its target price lowered by Deutsche Bank AG from $76.00 to $72.00 in a research note released on Friday morning. The firm currently has a buy rating on the stock.
TSCO has been the subject of several other reports. Piper Jaffray Cos. reissued an overweight rating and issued a $103.00 price objective (down from $105.00) on shares of Tractor Supply in a research report on Friday, July 1st. Wedbush reissued an outperform rating and issued a $96.00 price objective on shares of Tractor Supply in a research report on Friday, August 12th. Credit Suisse Group AG cut shares of Tractor Supply from an outperform rating to a neutral rating and lowered their price objective for the company from $96.00 to $72.00 in a research report on Thursday, September 8th. Cowen and Company began coverage on shares of Tractor Supply in a research report on Thursday, September 8th. They issued an overweight rating for the company. Finally, Zacks Investment Research raised shares of Tractor Supply from a sell rating to a hold rating in a research report on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $88.37.
Shares of Tractor Supply (NASDAQ:TSCO) opened at 66.95 on Friday. The stock has a market cap of $8.95 billion, a PE ratio of 21.47 and a beta of 1.20. The stock’s 50 day moving average is $75.80 and its 200-day moving average is $87.83. Tractor Supply has a 12-month low of $66.43 and a 12-month high of $97.25.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, July 20th. The company reported $1.16 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 firm earned $1.85 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the company earned $1.12 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts expect that Tractor Supply will post $3.24 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC increased its stake in Tractor Supply by 12.5% in the first quarter. Aperio Group LLC now owns 29,919 shares of the company’s stock valued at $2,706,000 after buying an additional 3,314 shares during the period. Mn Services Vermogensbeheer B.V. acquired a new stake in Tractor Supply during the first quarter valued at approximately $267,000. Virginia Retirement System acquired a new stake in Tractor Supply during the first quarter valued at approximately $1,355,000. CIBC World Markets Inc. increased its stake in Tractor Supply by 57.5% in the first quarter. CIBC World Markets Inc. now owns 15,271 shares of the company’s stock valued at $1,381,000 after buying an additional 5,576 shares during the period. Finally, Teachers Advisors Inc. increased its stake in Tractor Supply by 6.0% in the first quarter. Teachers Advisors Inc. now owns 374,036 shares of the company’s stock valued at $33,835,000 after buying an additional 21,278 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.
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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