Tractor Supply Co. (NASDAQ:TSCO) issued an update on its FY16 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.22-3.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.24. The company issued revenue guidance of $6.70-6.75 billion, compared to the consensus revenue estimate of $6.72 billion.

Shares of Tractor Supply Co. (NASDAQ:TSCO) traded up 3.22% during midday trading on Wednesday, hitting $67.37. 2,915,536 shares of the stock traded hands. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of 21.61 and a beta of 1.20. The firm has a 50-day moving average price of $70.75 and a 200 day moving average price of $86.23. Tractor Supply Co. has a one year low of $65.22 and a one year high of $97.25.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, October 19th. The company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS. Analysts anticipate that Tractor Supply Co. will post $3.24 earnings per share for the current year.

Earnings History and Estimates for Tractor Supply (NASDAQ:TSCO)

A number of brokerages have commented on TSCO. JPMorgan Chase & Co. cut their price objective 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. Nomura reiterated a buy rating and issued a $105.00 price objective on shares of Tractor Supply in a report on Thursday, June 30th. Credit Suisse Group AG reiterated an outperform rating and issued a $96.00 price objective (down previously from $100.00) on shares of Tractor Supply in a report on Thursday, June 30th. Wedbush reiterated an outperform rating and issued a $96.00 price objective on shares of Tractor Supply in a report on Thursday, June 30th. Finally, BTIG Research lowered shares of Tractor Supply from a buy rating to a neutral rating in a report on Thursday, September 8th. Two research 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. The stock currently has a consensus rating of Hold and an average price target of $88.37.

Hedge funds have recently added to or reduced their stakes in the stock. BlueMountain Capital Management LLC acquired a new stake in Tractor Supply during the second quarter valued at approximately $111,000. First Allied Advisory Services Inc. raised its stake in Tractor Supply by 8.7% in the second quarter. First Allied Advisory Services Inc. now owns 2,650 shares of the company’s stock valued at $240,000 after buying an additional 212 shares in the last quarter. Bank of Nova Scotia raised its stake in Tractor Supply by 7.6% in the second quarter. Bank of Nova Scotia now owns 2,703 shares of the company’s stock valued at $246,000 after buying an additional 190 shares in the last quarter. Veritable L.P. raised its stake in Tractor Supply by 19.2% in the second quarter. Veritable L.P. now owns 3,552 shares of the company’s stock valued at $324,000 after buying an additional 573 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC raised its stake in Tractor Supply by 3.9% in the second quarter. WESPAC Advisors SoCal LLC now owns 3,950 shares of the company’s stock valued at $360,000 after buying an additional 150 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

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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