Tractor Supply Company (NASDAQ:TSCO)‘s stock had its “buy” rating reiterated by analysts at Robert W. Baird in a research report issued to clients and investors on Friday. They currently have a $66.00 price target on the specialty retailer’s stock. Robert W. Baird’s target price indicates a potential upside of 5.31% from the stock’s previous close.
Several other equities research analysts also recently weighed in on the stock. Bank of America Corporation reissued a “buy” rating and issued a $69.00 target price on shares of Tractor Supply in a research note on Tuesday, September 5th. Barclays PLC reissued an “overweight” rating and issued a $70.00 target price (down previously from $90.00) on shares of Tractor Supply in a research note on Saturday, July 22nd. Credit Suisse Group reissued a “hold” rating and issued a $54.00 target price on shares of Tractor Supply in a research note on Wednesday, September 13th. Zacks Investment Research downgraded shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Finally, Guggenheim reissued a “buy” rating and issued a $70.00 target price (down previously from $80.00) on shares of Tractor Supply in a research note on Thursday, July 27th. Fifteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $68.63.
Shares of Tractor Supply (NASDAQ TSCO) traded up $0.79 on Friday, hitting $62.67. 3,016,000 shares of the stock traded hands, compared to its average volume of 2,483,807. Tractor Supply has a 1-year low of $49.87 and a 1-year high of $78.25. The stock has a market capitalization of $7,869.10, a P/E ratio of 18.60, a P/E/G ratio of 1.37 and a beta of 1.29. The company has a current ratio of 2.00, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. sell-side analysts forecast that Tractor Supply will post 3.28 EPS for the current year.
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Several large investors have recently added to or reduced their stakes in TSCO. Teachers Advisors LLC boosted its holdings in shares of Tractor Supply by 4.0% in the 1st quarter. Teachers Advisors LLC now owns 244,118 shares of the specialty retailer’s stock valued at $16,837,000 after buying an additional 9,291 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Tractor Supply by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 485,313 shares of the specialty retailer’s stock valued at $33,471,000 after buying an additional 14,543 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in shares of Tractor Supply by 1.6% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 20,299 shares of the specialty retailer’s stock valued at $1,100,000 after buying an additional 321 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Tractor Supply by 6.2% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 34,511 shares of the specialty retailer’s stock valued at $1,871,000 after buying an additional 2,000 shares in the last quarter. Finally, Regent Investment Management LLC boosted its holdings in shares of Tractor Supply by 8.0% in the 2nd quarter. Regent Investment Management LLC now owns 4,070 shares of the specialty retailer’s stock valued at $221,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.
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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