Tractor Supply (TSCO) Earns Hold Rating from Oppenheimer
Tractor Supply (NASDAQ:TSCO)‘s stock had its “hold” rating reiterated by Oppenheimer in a report issued on Friday.
A number of other brokerages also recently commented on TSCO. Piper Jaffray Companies restated a “hold” rating and issued a $57.00 price objective on shares of Tractor Supply in a research report on Friday, September 29th. BMO Capital Markets raised their price objective on shares of Tractor Supply from $58.00 to $61.00 and gave the company a “market perform” rating in a research report on Wednesday, September 27th. Zacks Investment Research upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Robert W. Baird set a $62.00 price objective on shares of Tractor Supply and gave the company a “buy” rating in a research report on Friday, August 25th. Finally, UBS downgraded shares of Tractor Supply from a “buy” rating to a “neutral” rating and raised their price objective for the company from $62.00 to $67.00 in a research report on Monday, October 2nd. Sixteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $66.26.
Shares of Tractor Supply (NASDAQ:TSCO) traded up $0.02 during mid-day trading on Friday, hitting $68.26. The stock had a trading volume of 1,676,553 shares, compared to its average volume of 2,204,574. The firm has a market cap of $8,506.99, a PE ratio of 20.10, a PEG ratio of 1.48 and a beta of 1.29. The company has a current ratio of 2.00, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. Tractor Supply has a fifty-two week low of $49.87 and a fifty-two week high of $78.25.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the firm posted $0.67 EPS. Tractor Supply’s quarterly revenue was up 11.6% compared to the same quarter last year. research analysts expect that Tractor Supply will post 3.28 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Global X MANAGEMENT CO LLC boosted its holdings in Tractor Supply by 191.7% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 1,173 shares during the period. Commonwealth Bank of Australia boosted its holdings in Tractor Supply by 15.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 317 shares during the period. Penserra Capital Management LLC purchased a new position in Tractor Supply during the 2nd quarter valued at $139,000. Bristlecone Advisors LLC purchased a new position in Tractor Supply during the 3rd quarter valued at $173,000. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in Tractor Supply by 33.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock valued at $180,000 after acquiring an additional 828 shares during the period. 92.61% of the stock is owned by institutional investors.
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Tractor Supply Company Profile
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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