Tractor Supply Company (TSCO) PT Set at $57.00 by BMO Capital Markets
BMO Capital Markets set a $57.00 price objective on Tractor Supply Company (NASDAQ:TSCO) in a report published on Tuesday, July 11th. The brokerage currently has a hold rating on the specialty retailer’s stock.
Other equities research analysts also recently issued reports about the stock. TheStreet upgraded shares of Tractor Supply from a c+ rating to a b rating in a research report on Friday, March 17th. Oppenheimer Holdings, Inc. set a $88.00 target price on shares of Tractor Supply and gave the stock a buy rating in a research report on Thursday, April 27th. Robert W. Baird set a $80.00 target price on shares of Tractor Supply and gave the stock a buy rating in a research report on Wednesday, April 12th. Barclays PLC set a $90.00 target price on shares of Tractor Supply and gave the stock a buy rating in a research report on Wednesday, April 12th. Finally, Guggenheim reiterated a buy rating and set a $85.00 target price on shares of Tractor Supply in a research report on Friday, April 14th. Nineteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $74.91.
Shares of Tractor Supply (NASDAQ TSCO) opened at 56.99 on Tuesday. The company has a market capitalization of $7.31 billion, a P/E ratio of 17.22 and a beta of 1.32. Tractor Supply has a 1-year low of $49.87 and a 1-year high of $87.57. The company’s 50 day moving average is $53.36 and its 200-day moving average is $63.42.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the consensus estimate of $1.27 by $0.02. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities research analysts forecast that Tractor Supply will post $3.25 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in the stock. Clearbridge Investments LLC raised its stake in shares of Tractor Supply by 218.8% in the first quarter. Clearbridge Investments LLC now owns 666,329 shares of the specialty retailer’s stock worth $45,957,000 after buying an additional 457,348 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Tractor Supply by 2.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 419,568 shares of the specialty retailer’s stock worth $28,938,000 after buying an additional 9,351 shares during the period. Clean Yield Group raised its stake in shares of Tractor Supply by 285.5% in the second quarter. Clean Yield Group now owns 37,587 shares of the specialty retailer’s stock worth $1,937,000 after buying an additional 27,838 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Tractor Supply during the first quarter worth approximately $1,655,000. Finally, WCM Investment Management CA raised its stake in shares of Tractor Supply by 2.2% in the first quarter. WCM Investment Management CA now owns 437,624 shares of the specialty retailer’s stock worth $30,183,000 after buying an additional 9,425 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.
About Tractor Supply
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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