Tractor Supply Co. (NASDAQ:TSCO) has earned a consensus rating of “Hold” from the twenty-three research firms that are covering the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $84.88.

Several brokerages have recently issued reports on TSCO. Nomura reissued a “buy” rating and set a $105.00 price objective on shares of Tractor Supply in a research report on Thursday, June 30th. Credit Suisse Group AG reissued an “outperform” rating and set a $96.00 price objective (down previously from $100.00) on shares of Tractor Supply in a research report on Thursday, June 30th. BTIG Research reissued a “buy” rating and set a $105.00 price objective (down previously from $115.00) on shares of Tractor Supply in a research report on Thursday, June 30th. Northcoast Research downgraded shares of Tractor Supply from a “buy” rating to a “neutral” rating in a research report on Thursday, June 30th. Finally, Wedbush reissued an “outperform” rating and set a $96.00 price objective on shares of Tractor Supply in a research report on Thursday, June 30th.

Hedge funds have recently bought and sold shares of the company. Hanson McClain Inc. acquired a new position in Tractor Supply during the second quarter worth approximately $104,000. BlueMountain Capital Management LLC acquired a new position in Tractor Supply during the second quarter worth approximately $111,000. Seven Eight Capital LLC acquired a new position in Tractor Supply during the first quarter worth approximately $123,000. Mizuho Asset Management Co. Ltd. raised 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 worth $154,000 after buying an additional 826 shares in the last quarter. Finally, Turner Investments L.P. acquired a new position in Tractor Supply during the second quarter worth approximately $205,000. Institutional investors own 91.58% of the company’s stock.

Tractor Supply (NASDAQ:TSCO) opened at 68.16 on Tuesday. The firm has a market cap of $9.11 billion, a price-to-earnings ratio of 21.86 and a beta of 1.20. The firm’s 50-day moving average is $74.82 and its 200-day moving average is $87.54. Tractor Supply has a 52-week low of $66.43 and a 52-week high of $97.25.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, July 20th. The company reported $1.16 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.16. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The firm earned $1.85 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts forecast that Tractor Supply will post $3.24 EPS for the current fiscal year.

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.

5 Day Chart for NASDAQ:TSCO

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