Tractor Supply Company (NASDAQ:TSCO) has received a consensus recommendation of “Hold” from the twenty-nine ratings firms that are covering the firm, MarketBeat.com reports. Nineteen analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $73.68.
Several brokerages recently issued reports on TSCO. BMO Capital Markets lifted their price objective on Tractor Supply from $57.00 to $58.00 and gave the stock a “market perform” rating in a report on Friday. Credit Suisse Group set a $54.00 price objective on Tractor Supply and gave the stock a “hold” rating in a report on Thursday. Deutsche Bank AG reaffirmed a “hold” rating and set a $54.00 price objective (down from $69.00) on shares of Tractor Supply in a report on Thursday. Guggenheim reaffirmed a “buy” rating and set a $70.00 price objective (down from $80.00) on shares of Tractor Supply in a report on Thursday. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Tractor Supply in a report on Thursday.
Tractor Supply (NASDAQ:TSCO) traded down 1.58% on Monday, reaching $56.62. The company had a trading volume of 3,377,273 shares. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $92.11. The company has a market capitalization of $7.26 billion, a PE ratio of 17.11 and a beta of 1.32. The company’s 50-day moving average is $53.42 and its 200-day moving average is $63.89.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by $0.02. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 earnings per share. Equities analysts anticipate that Tractor Supply will post $3.30 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the stock. Gulf International Bank UK Ltd increased its stake in Tractor Supply by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 40,628 shares of the specialty retailer’s stock worth $2,802,000 after buying an additional 650 shares during the period. Sheets Smith Wealth Management increased its stake in Tractor Supply by 0.8% in the first quarter. Sheets Smith Wealth Management now owns 64,747 shares of the specialty retailer’s stock worth $4,466,000 after buying an additional 500 shares during the period. Douglass Winthrop Advisors LLC increased its stake in Tractor Supply by 1,427.8% in the first quarter. Douglass Winthrop Advisors LLC now owns 271,948 shares of the specialty retailer’s stock worth $18,756,000 after buying an additional 254,148 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in Tractor Supply by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 115,209 shares of the specialty retailer’s stock worth $7,946,000 after buying an additional 3,733 shares during the period. Finally, Woodstock Corp increased its stake in Tractor Supply by 2.8% in the first quarter. Woodstock Corp now owns 30,855 shares of the specialty retailer’s stock worth $2,128,000 after buying an additional 850 shares during the period. 91.55% of the stock is owned by institutional investors and hedge funds.
Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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