Tractor Supply Co. (NASDAQ:TSCO) Receives $84.88 Average PT from Brokerages
Tractor Supply Co. (NASDAQ:TSCO) has received an average recommendation of “Hold” from the twenty-three analysts that are currently covering the firm. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $84.88.
A number of research analysts have commented on TSCO shares. Oppenheimer Holdings Inc. reiterated an “outperform” rating on shares of Tractor Supply in a research report on Friday, August 5th. Zacks Investment Research upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th. Morgan Stanley restated a “hold” rating and issued a $95.00 target price on shares of Tractor Supply in a report on Tuesday, September 6th. Barclays PLC restated an “overweight” rating and issued a $90.00 target price on shares of Tractor Supply in a report on Friday, September 30th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $74.00 target price on shares of Tractor Supply in a report on Tuesday.
Large investors have recently added to or reduced their stakes in the company. Hanson McClain Inc. acquired a new stake in Tractor Supply during the second quarter valued at approximately $104,000. BlueMountain Capital Management LLC acquired a new stake in Tractor Supply during the second quarter valued at approximately $111,000. Seven Eight Capital LLC acquired a new stake in Tractor Supply during the first quarter valued at approximately $123,000. Mizuho Asset Management Co. Ltd. increased its stake in Tractor Supply by 95.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,693 shares of the company’s stock valued at $154,000 after buying an additional 826 shares during the last quarter. Finally, Turner Investments L.P. acquired a new stake in Tractor Supply during the second quarter valued at approximately $205,000. Institutional investors own 91.58% of the company’s stock.
Tractor Supply (NASDAQ:TSCO) opened at 68.16 on Tuesday. 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 $74.82 and its 200-day moving average is $87.54. The firm has a market cap of $9.11 billion, a P/E ratio of 21.86 and a beta of 1.20.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $1.16 EPS for the quarter, meeting analysts’ consensus estimates of $1.16. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the business earned $1.12 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts predict that Tractor Supply will post $3.24 EPS for the current fiscal year.
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.
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