Tractor Supply’s (TSCO) Sell Rating Reaffirmed at Goldman Sachs Group Inc.
Tractor Supply Co. (NASDAQ:TSCO)‘s stock had its “sell” rating reiterated by research analysts at Goldman Sachs Group Inc. in a report issued on Friday.
A number of other research firms also recently commented on TSCO. BMO Capital Markets reissued a “hold” rating and issued a $101.00 target price on shares of Tractor Supply in a report on Thursday, June 9th. Oppenheimer Holdings Inc. raised their target price on Tractor Supply from $92.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, June 10th. Guggenheim began coverage on Tractor Supply in a report on Monday, June 13th. They issued a “buy” rating and a $110.00 target price for the company. Credit Suisse Group AG reissued an “outperform” rating and issued a $96.00 target price (down previously from $100.00) on shares of Tractor Supply in a report on Thursday, June 30th. Finally, JPMorgan Chase & Co. cut their price target on Tractor Supply from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, June 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $88.37.
Tractor Supply (NASDAQ:TSCO) traded down 0.35% during midday trading on Friday, hitting $67.92. 278,851 shares of the stock were exchanged. The stock has a market cap of $9.08 billion, a P/E ratio of 21.78 and a beta of 1.20. Tractor Supply has a one year low of $66.43 and a one year high of $97.25. The firm has a 50-day moving average price of $74.82 and a 200-day moving average price of $87.54.
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Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $1.16 earnings per share 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 firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the firm posted $1.12 EPS. Tractor Supply’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts anticipate that Tractor Supply will post $3.24 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Hanson McClain Inc. purchased a new stake in shares of Tractor Supply during the second quarter worth about $104,000. BlueMountain Capital Management LLC purchased a new stake in shares of Tractor Supply during the second quarter worth about $111,000. Seven Eight Capital LLC purchased a new stake in shares of Tractor Supply during the first quarter worth about $123,000. Mizuho Asset Management Co. Ltd. boosted its stake 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. purchased a new stake in shares of Tractor Supply during the second quarter worth about $205,000. Institutional investors and hedge funds own 91.58% of the company’s stock.
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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