Tractor Supply Co. (NASDAQ:TSCO)‘s stock had its “market perform” rating reissued by analysts at BMO Capital Markets in a research report issued on Tuesday. They presently have a $74.00 target price on the stock. BMO Capital Markets’ target price would suggest a potential upside of 10.05% from the stock’s previous close.
Several other research analysts have also weighed in on TSCO. JPMorgan Chase & Co. decreased their price objective on shares of Tractor Supply from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, June 30th. Nomura reissued a “buy” rating and set a $105.00 price objective on shares of Tractor Supply in a report on Thursday, June 30th. Credit Suisse Group AG reissued an “outperform” rating and set a $96.00 price objective (down from $100.00) on shares of Tractor Supply in a report on Thursday, June 30th. Wedbush reissued an “outperform” rating and set a $96.00 price objective on shares of Tractor Supply in a report on Thursday, June 30th. Finally, BTIG Research lowered shares of Tractor Supply from a “buy” rating to a “neutral” rating in a report on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Tractor Supply presently has an average rating of “Hold” and a consensus price target of $88.37.
Tractor Supply (NASDAQ:TSCO) opened at 67.24 on Tuesday. The company’s 50-day moving average is $75.29 and its 200 day moving average is $87.68. The stock has a market capitalization of $8.99 billion, a PE ratio of 21.57 and a beta of 1.20. 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 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.16. The business earned $1.85 billion during the quarter, compared to analyst estimates of $1.93 billion. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $1.12 EPS. On average, analysts predict that Tractor Supply will post $3.24 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hanson McClain Inc. purchased a new position in Tractor Supply during the second quarter valued at $104,000. BlueMountain Capital Management LLC purchased a new position in Tractor Supply during the second quarter valued at $111,000. Seven Eight Capital LLC purchased a new position in Tractor Supply during the first quarter valued at $123,000. Mizuho Asset Management Co. Ltd. increased its position in Tractor Supply by 95.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,693 shares of the company’s stock valued at $154,000 after buying an additional 826 shares during the period. Finally, Turner Investments L.P. purchased a new position in Tractor Supply during the second quarter valued at $205,000. 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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