Oppenheimer Holdings Inc. reaffirmed their outperform rating on shares of Tractor Supply Co. (NASDAQ:TSCO) in a research report sent to investors on Friday morning. The brokerage currently has a $80.00 target price on the stock.

Several other research firms have also commented on TSCO. Nomura reaffirmed a buy rating and set a $105.00 price objective on shares of Tractor Supply in a research note on Thursday, June 30th. Credit Suisse Group AG reaffirmed an outperform rating and set a $96.00 price objective (down from $100.00) on shares of Tractor Supply in a research note on Thursday, June 30th. BTIG Research reaffirmed a buy rating and set a $105.00 price objective (down from $115.00) on shares of Tractor Supply in a research note on Thursday, June 30th. Northcoast Research lowered shares of Tractor Supply from a buy rating to a neutral rating in a research note on Thursday, June 30th. Finally, Wedbush reaffirmed an outperform rating and set a $96.00 price objective on shares of Tractor Supply in a research note on Thursday, June 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. Tractor Supply presently has a consensus rating of Hold and an average target price of $88.37.

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

Tractor Supply (NASDAQ:TSCO) traded up 1.12% during mid-day trading on Friday, hitting $68.64. 258,069 shares of the stock were exchanged. The stock has a 50 day moving average of $74.32 and a 200-day moving average of $87.39. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 22.01 and a beta of 1.21. Tractor Supply has a 52-week low of $66.43 and a 52-week high of $97.25.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $1.16 EPS for the quarter, hitting the consensus estimate of $1.16. The company earned $1.85 billion during the quarter, compared to analyst estimates of $1.93 billion. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. Tractor Supply’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.12 earnings per share. Equities analysts predict that Tractor Supply will post $3.24 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Hanson McClain Inc. bought a new stake in Tractor Supply during the second quarter valued at approximately $104,000. BlueMountain Capital Management LLC bought a new stake in Tractor Supply during the second quarter valued at approximately $111,000. Seven Eight Capital LLC bought a new stake in Tractor Supply during the first quarter valued at approximately $123,000. Mizuho Asset Management Co. Ltd. raised its stake 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 valued at $154,000 after buying an additional 826 shares in the last quarter. Finally, Turner Investments L.P. bought a new stake in Tractor Supply during the second quarter valued at approximately $205,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Tractor Supply Company Profile

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

Receive News & Stock Ratings for Tractor Supply Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply Co. and related stocks with our FREE daily email newsletter.