Tractor Supply Co. (TSCO) Given Buy Rating at Guggenheim
A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Tractor Supply from a hold rating to a sell rating in a report on Friday, July 1st. Royal Bank Of Canada lowered shares of Tractor Supply from an outperform rating to a sector perform rating and decreased their target price for the stock from $100.00 to $79.00 in a report on Thursday, September 8th. Piper Jaffray Cos. reaffirmed an overweight rating and set a $103.00 target price (down previously from $105.00) on shares of Tractor Supply in a report on Friday, July 1st. JPMorgan Chase & Co. decreased their target price on shares of Tractor Supply from $105.00 to $103.00 and set an overweight rating on the stock in a report on Thursday, June 30th. Finally, Credit Suisse Group AG reaffirmed an overweight rating and set a $96.00 target price (down previously from $100.00) on shares of Tractor Supply in a report on Friday, July 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $88.37.
Tractor Supply (NASDAQ:TSCO) traded down 1.78% on Friday, reaching $66.06. 991,041 shares of the company traded hands. The company has a market capitalization of $8.83 billion, a PE ratio of 21.19 and a beta of 1.21. The stock has a 50-day moving average of $71.86 and a 200 day moving average of $86.65. Tractor Supply has a 52-week low of $65.39 and a 52-week high of $97.25.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share (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 company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the firm posted $1.12 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities analysts forecast that Tractor Supply will post $3.24 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. AMP Capital Investors Ltd increased its position in Tractor Supply by 5.0% in the first quarter. AMP Capital Investors Ltd now owns 109,795 shares of the company’s stock worth $9,960,000 after buying an additional 5,233 shares during the last quarter. Geode Capital Management LLC increased its position in Tractor Supply by 6.1% in the first quarter. Geode Capital Management LLC now owns 1,185,331 shares of the company’s stock worth $107,024,000 after buying an additional 68,301 shares during the last quarter. Nicholas Investment Partners LP increased its position in Tractor Supply by 13.8% in the first quarter. Nicholas Investment Partners LP now owns 71,727 shares of the company’s stock worth $6,488,000 after buying an additional 8,679 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Tractor Supply by 11.6% in the first quarter. UBS Asset Management Americas Inc. now owns 360,418 shares of the company’s stock worth $32,604,000 after buying an additional 37,453 shares during the last quarter. Finally, Cupps Capital Management LLC acquired a new position in Tractor Supply during the first quarter worth about $951,000. 91.58% of the stock is currently owned by institutional investors.
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.
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.