Other research analysts have also issued research reports about the company. Oppenheimer Holdings Inc. lifted their target price on Tractor Supply from $92.00 to $110.00 and gave the stock an outperform rating in a research report on Friday, June 10th. Zacks Investment Research lowered Tractor Supply from a hold rating to a sell rating in a research report on Friday, July 1st. Royal Bank Of Canada lowered Tractor Supply from an outperform rating to a sector perform rating and decreased their target price for the stock from $100.00 to $79.00 in a research report on Thursday, September 8th. Piper Jaffray Cos. reiterated an overweight rating and issued a $103.00 target price (down previously from $105.00) on shares of Tractor Supply in a research report on Friday, July 1st. Finally, JPMorgan Chase & Co. decreased their target price on Tractor Supply from $105.00 to $103.00 and set an overweight rating for the company in a research report on Thursday, June 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $88.37.
Shares of Tractor Supply (NASDAQ:TSCO) opened at 68.27 on Friday. Tractor Supply has a 52 week low of $66.43 and a 52 week high of $97.25. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 21.90 and a beta of 1.20. The firm’s 50-day moving average is $72.85 and its 200-day moving average is $86.95.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, July 20th. The company reported $1.16 EPS for the quarter, hitting the consensus estimate of $1.16. The company earned $1.85 billion during 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%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 EPS. On average, equities research analysts anticipate that Tractor Supply will post $3.24 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Osborn Rohs Williams & Donohoe Ltd acquired a new stake in shares of Tractor Supply during the third quarter valued at $707,000. Capstone Asset Management Co. increased its stake in Tractor Supply by 3.3% in the third quarter. Capstone Asset Management Co. now owns 15,238 shares of the company’s stock worth $1,026,000 after buying an additional 490 shares in the last quarter. Creative Planning increased its stake in Tractor Supply by 55.3% in the third quarter. Creative Planning now owns 22,315 shares of the company’s stock worth $1,503,000 after buying an additional 7,943 shares in the last quarter. Reilly Herbert Faulkner III increased its stake in Tractor Supply by 2.8% in the third quarter. Reilly Herbert Faulkner III now owns 40,598 shares of the company’s stock worth $2,734,000 after buying an additional 1,108 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Tractor Supply by 16.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 32,487 shares of the company’s stock worth $2,188,000 after buying an additional 4,623 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.
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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