Tractor Supply (TSCO) Given a $79.00 Price Target by Stephens Analysts

Stephens set a $79.00 price objective on Tractor Supply (NASDAQ:TSCO) in a report released on Wednesday morning. The brokerage currently has a hold rating on the specialty retailer’s stock.

A number of other equities analysts have also recently weighed in on TSCO. Zacks Investment Research raised Tractor Supply from a sell rating to a hold rating in a report on Tuesday, September 26th. BMO Capital Markets upped their price target on Tractor Supply from $58.00 to $61.00 and gave the stock a market perform rating in a report on Wednesday, September 27th. UBS Group cut Tractor Supply from a buy rating to a neutral rating and upped their price target for the stock from $62.00 to $67.00 in a report on Monday, October 2nd. Piper Jaffray Companies reaffirmed a hold rating and issued a $57.00 price target on shares of Tractor Supply in a report on Friday, September 29th. Finally, Wedbush reaffirmed an outperform rating and issued a $72.00 price target (up previously from $65.00) on shares of Tractor Supply in a report on Tuesday, October 3rd. Sixteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Tractor Supply has an average rating of Hold and an average target price of $69.40.

Tractor Supply (NASDAQ:TSCO) opened at $82.39 on Wednesday. The stock has a market capitalization of $10,345.22, a PE ratio of 24.45, a PEG ratio of 1.56 and a beta of 1.32. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38. Tractor Supply has a fifty-two week low of $49.87 and a fifty-two week high of $82.44.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. Tractor Supply’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. sell-side analysts expect that Tractor Supply will post 3.3 earnings per share for the current year.

In other Tractor Supply news, CMO Steve K. Barbarick sold 43,076 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in TSCO. Commonwealth Bank of Australia grew its position in shares of Tractor Supply by 15.4% in the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 317 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Tractor Supply by 90.2% in the second quarter. Teachers Advisors LLC now owns 464,297 shares of the specialty retailer’s stock valued at $25,170,000 after purchasing an additional 220,179 shares in the last quarter. Norinchukin Bank The grew its position in shares of Tractor Supply by 5.0% in the second quarter. Norinchukin Bank The now owns 8,922 shares of the specialty retailer’s stock valued at $484,000 after purchasing an additional 428 shares in the last quarter. BlackRock Inc. grew its position in shares of Tractor Supply by 1.7% in the second quarter. BlackRock Inc. now owns 7,968,825 shares of the specialty retailer’s stock valued at $431,989,000 after purchasing an additional 133,235 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of Tractor Supply by 50.1% in the second quarter. Amalgamated Bank now owns 15,102 shares of the specialty retailer’s stock valued at $819,000 after purchasing an additional 5,040 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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