Tractor Supply’s (TSCO) “Sell” Rating Reaffirmed at Goldman Sachs Group Inc.
Other analysts also recently issued research reports about the stock. BTIG Research reiterated a buy rating and issued a $105.00 price target (down previously from $115.00) on shares of Tractor Supply in a research report on Thursday, June 30th. Nomura reiterated a buy rating and issued a $105.00 price target on shares of Tractor Supply in a research report on Thursday, June 30th. Guggenheim started coverage on shares of Tractor Supply in a research report on Monday, June 13th. They issued a buy rating and a $110.00 price target for the company. Deutsche Bank AG upped their price target on shares of Tractor Supply from $96.00 to $100.00 and gave the company a buy rating in a research report on Thursday, July 21st. Finally, SunTrust Banks Inc. reduced their price target on shares of Tractor Supply from $102.00 to $95.00 and set a buy rating for the company in a research report on Thursday, September 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $88.37.
Shares of Tractor Supply (NASDAQ:TSCO) traded up 0.82% during mid-day trading on Friday, hitting $68.44. 412,122 shares of the stock traded hands. Tractor Supply has a 12-month low of $66.43 and a 12-month high of $97.25. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 21.95 and a beta of 1.21. The firm’s 50 day moving average price is $74.32 and its 200 day moving average price is $87.39.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, July 20th. The company reported $1.16 EPS for the quarter, meeting the 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 EPS. Tractor Supply’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts predict that Tractor Supply will post $3.24 EPS for the current fiscal year.
Several hedge funds 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 worth $104,000. BlueMountain Capital Management LLC bought a new stake in Tractor Supply during the second quarter worth $111,000. Seven Eight Capital LLC bought a new stake in Tractor Supply during the first quarter worth $123,000. Mizuho Asset Management Co. Ltd. increased 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 worth $154,000 after buying an additional 826 shares during the last quarter. Finally, Turner Investments L.P. bought a new stake in Tractor Supply during the second quarter worth $205,000. 91.58% of the stock is owned by institutional investors and hedge funds.
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.
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