Tractor Supply Co. Reaches New 12-Month High at $132.69 (TSCO)
Shares of Tractor Supply (NASDAQ:TSCO) hit a new 52-week high during mid-day trading on Monday, American Banking and Market News reports. The stock traded as high as $132.69 and last traded at $130.30, with a volume of 329,221 shares trading hands. The stock had previously closed at $130.50.
Several analysts have recently commented on the stock. Analysts at Argus raised their price target on shares of Tractor Supply (NASDAQ:TSCO) from $128.00 to $140.00 in a research note to investors on Tuesday, August 6th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Tractor Supply (NASDAQ:TSCO) in a research note to investors on Friday, August 2nd. They now have a $129.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Tractor Supply (NASDAQ:TSCO) from $111.00 to $134.00 in a research note to investors on Friday, July 26th. They now have an “overweight” rating on the stock.
Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $131.19.
In other Tractor Supply news, VP Steve Barbarick sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $129.85, for a total transaction of $649,250.00. Following the sale, the vice president now directly owns 8,239 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Tractor Supply has a 1-year low of $82.39 and a 1-year high of $132.69. The stock’s 50-day moving average is $122.5 and its 200-day moving average is $113.8. The company has a market cap of $9.111 billion and a P/E ratio of 31.35.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.71 by $0.04. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted $1.45 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Analysts expect that Tractor Supply will post $4.48 EPS for the current fiscal year.
Tractor Supply Company is an operator of retail farm and ranch stores in the United States. The Company operates retail stores under the names Tractor Supply Company and Del’s Farm Supply and operate a Website under the name TractorSupply.
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