Tractor Supply Company (NASDAQ:TSCO) has been given a $66.00 price objective by Robert W. Baird in a research note issued to investors on Thursday, October 26th. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Robert W. Baird’s price target suggests a potential upside of 5.31% from the stock’s current price.
TSCO has been the topic of several other reports. Bank of America Corporation reiterated a “buy” rating and set a $69.00 price target on shares of Tractor Supply in a research report on Tuesday, September 5th. Guggenheim restated a “buy” rating and set a $70.00 target price (down previously from $80.00) on shares of Tractor Supply in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Tractor Supply in a research report on Thursday, July 27th. Piper Jaffray Companies set a $55.00 price objective on Tractor Supply and gave the company a “hold” rating in a research report on Tuesday, July 25th. Finally, BidaskClub raised Tractor Supply from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Fifteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $68.63.
Tractor Supply (NASDAQ:TSCO) opened at $62.67 on Thursday. 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 1-year low of $49.87 and a 1-year high of $78.25. The company has a market cap of $7,869.12, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.37 and a beta of 1.29.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the firm earned $0.67 earnings per share. Tractor Supply’s revenue for the quarter was up 11.6% compared to the same quarter last year. analysts forecast that Tractor Supply will post 3.28 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently bought and sold shares of the stock. Clearbridge Investments LLC raised its stake in shares of Tractor Supply by 218.8% during 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 last quarter. Schwab Charles Investment Management Inc. increased its stake in 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 valued at $28,938,000 after purchasing an additional 9,351 shares in the last quarter. Comerica Securities Inc. increased its stake in Tractor Supply by 67.4% in the second quarter. Comerica Securities Inc. now owns 5,596 shares of the specialty retailer’s stock valued at $303,000 after purchasing an additional 2,254 shares in the last quarter. Clean Yield Group increased its stake in Tractor Supply by 285.5% in the second quarter. Clean Yield Group now owns 37,587 shares of the specialty retailer’s stock valued at $1,937,000 after purchasing an additional 27,838 shares in the last quarter. Finally, Andra AP fonden increased its stake in Tractor Supply by 88.8% in the second quarter. Andra AP fonden now owns 18,500 shares of the specialty retailer’s stock valued at $1,003,000 after purchasing an additional 8,700 shares in the last quarter. 92.95% of the stock is owned by institutional investors and hedge funds.
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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