Tractor Supply’s (TSCO) Buy Rating Reaffirmed at Guggenheim
A number of other research firms also recently weighed in on TSCO. Nomura reissued a buy rating and set a $105.00 target price on shares of Tractor Supply in a research report on Thursday, June 30th. Raymond James Financial Inc. downgraded Tractor Supply from a strong-buy rating to a market perform rating in a research report on Thursday, September 8th. Wedbush reissued an outperform rating and set a $96.00 target price on shares of Tractor Supply in a research report on Thursday, June 30th. Zacks Investment Research raised Tractor Supply from a sell rating to a hold rating in a research report on Tuesday, August 30th. Finally, Oppenheimer Holdings Inc. reissued an outperform rating and set a $80.00 target price (down from $110.00) on shares of Tractor Supply in a research report on Monday, September 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $88.37.
Tractor Supply (NASDAQ:TSCO) traded down 0.89% during mid-day trading on Friday, reaching $66.75. The company had a trading volume of 415,783 shares. The stock has a market capitalization of $8.92 billion, a price-to-earnings ratio of 21.41 and a beta of 1.21. Tractor Supply has a 52-week low of $66.43 and a 52-week high of $97.25. The company’s 50 day moving average is $76.90 and its 200 day moving average is $88.17.
Tractor Supply (NASDAQ:TSCO) last released its earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.16. Tractor Supply had a return on equity of 30.30% and a net margin of 6.57%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the business earned $1.12 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts predict that Tractor Supply will post $3.24 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. Hanson McClain Inc. bought a new position in shares of Tractor Supply during the second quarter worth $104,000. BlueMountain Capital Management LLC bought a new position in shares of Tractor Supply during the second quarter worth $111,000. Seven Eight Capital LLC bought a new position in shares of Tractor Supply during the first quarter worth $123,000. Mizuho Asset Management Co. Ltd. raised its position in shares of 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 position in shares of Tractor Supply during the second quarter worth $205,000. 91.58% of the stock is 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.
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