Tractor Supply (NASDAQ:TSCO) – Analysts at Wedbush upped their FY2017 earnings per share (EPS) estimates for Tractor Supply in a research note issued to investors on Thursday. Wedbush analyst S. Basham now expects that the specialty retailer will post earnings of $3.30 per share for the year, up from their previous forecast of $3.27. Wedbush currently has a “Neutral” rating and a $80.00 target price on the stock. Wedbush also issued estimates for Tractor Supply’s Q1 2018 earnings at $0.59 EPS and Q3 2018 earnings at $0.85 EPS.

Several other research firms have also recently weighed in on TSCO. Oppenheimer reissued a “hold” rating on shares of Tractor Supply in a research report on Thursday, October 26th. Zacks Investment Research cut Tractor Supply from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Credit Suisse Group set a $52.00 price objective on Tractor Supply and gave the stock a “hold” rating in a research report on Thursday, October 26th. Wolfe Research raised Tractor Supply from a “market perform” rating to an “outperform” rating in a research report on Wednesday, December 20th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $61.00 price objective on shares of Tractor Supply in a research report on Thursday, November 2nd. Sixteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $67.80.

Tractor Supply (NASDAQ TSCO) opened at $79.61 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.00 and a quick ratio of 0.17. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $79.85. The firm has a market capitalization of $10,000.00, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. Tractor Supply’s revenue was up 11.6% compared to the same quarter last year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Global X MANAGEMENT CO LLC increased its stake in Tractor Supply by 191.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock worth $113,000 after acquiring an additional 1,173 shares during the last quarter. Commonwealth Bank of Australia increased its stake in Tractor Supply by 15.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after acquiring an additional 317 shares during the last quarter. Bristlecone Advisors LLC bought a new position in Tractor Supply in the 3rd quarter worth about $173,000. Windward Capital Management Co. CA bought a new position in Tractor Supply in the 4th quarter worth about $241,000. Finally, Palisade Asset Management LLC bought a new position in Tractor Supply in the 3rd quarter worth about $214,000. Institutional investors and hedge funds own 92.33% of the company’s stock.

In other Tractor Supply news, CMO Steve K. Barbarick sold 43,076 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

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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.

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

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