Tractor Supply Company (NASDAQ:TSCO) had its price objective increased by analysts at BMO Capital Markets from $57.00 to $58.00 in a research note issued on Friday, July 28th. The firm presently has a “market perform” rating on the specialty retailer’s stock. BMO Capital Markets’ price target suggests a potential upside of 2.46% from the company’s current price.
TSCO has been the topic of a number of other reports. TheStreet downgraded shares of Tractor Supply from a “b” rating to a “c+” rating in a research report on Wednesday, April 12th. Robert W. Baird set a $80.00 price target on shares of Tractor Supply and gave the stock a “buy” rating in a research report on Wednesday, April 12th. Guggenheim reduced their price target on shares of Tractor Supply from $80.00 to $77.00 and set a “hold” rating on the stock in a research report on Monday, April 17th. Deutsche Bank AG restated a “hold” rating and issued a $54.00 price target (down from $69.00) on shares of Tractor Supply in a research report on Thursday, July 27th. Finally, J P Morgan Chase & Co downgraded shares of Tractor Supply from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $88.00 to $67.00 in a research report on Wednesday, April 12th. Nineteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $74.91.
Shares of Tractor Supply (NASDAQ TSCO) traded down 0.67% during midday trading on Friday, hitting $56.61. 1,979,440 shares of the stock were exchanged. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $87.57. The firm has a 50-day moving average price of $53.36 and a 200-day moving average price of $63.42. The company has a market cap of $7.26 billion, a PE ratio of 17.11 and a beta of 1.32.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.27 by $0.02. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the business posted $1.16 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities analysts predict that Tractor Supply will post $3.25 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new position in Tractor Supply during the fourth quarter valued at $2,138,000. UBS Asset Management Americas Inc. increased its position in Tractor Supply by 0.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 322,496 shares of the specialty retailer’s stock valued at $24,449,000 after buying an additional 2,568 shares during the period. Perigon Wealth Management LLC purchased a new position in Tractor Supply during the fourth quarter valued at $511,000. Kentucky Retirement Systems purchased a new position in Tractor Supply during the fourth quarter valued at $722,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Tractor Supply during the fourth quarter valued at $322,000. 91.37% 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 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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