Tractor Supply Co. (TSCO) Rating Reiterated by Oppenheimer Holdings Inc.
Tractor Supply Co. (NASDAQ:TSCO)‘s stock had its “outperform” rating reaffirmed by investment analysts at Oppenheimer Holdings Inc. in a report issued on Friday. They presently have a $80.00 target price on the stock. Oppenheimer Holdings Inc.’s price target suggests a potential upside of 17.86% from the company’s previous close.
A number of other equities analysts have also recently commented on TSCO. JPMorgan Chase & Co. reduced their price objective on shares of Tractor Supply from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Thursday, June 30th. Nomura reaffirmed a “buy” rating and set a $105.00 price objective on shares of Tractor Supply in a research report on Thursday, June 30th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $96.00 price objective (down from $100.00) on shares of Tractor Supply in a research report on Thursday, June 30th. Wedbush reaffirmed an “outperform” rating and set a $96.00 price objective on shares of Tractor Supply in a research report on Thursday, June 30th. Finally, BTIG Research cut shares of Tractor Supply from a “buy” rating to a “neutral” rating in a research report on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. Tractor Supply presently has an average rating of “Hold” and a consensus target price of $88.37.
Shares of Tractor Supply (NASDAQ:TSCO) opened at 67.88 on Friday. The company has a market cap of $9.07 billion, a price-to-earnings ratio of 21.77 and a beta of 1.20. The stock has a 50 day moving average of $74.32 and a 200 day moving average of $87.39. Tractor Supply has a 12-month low of $66.43 and a 12-month high of $97.25.
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Tractor Supply (NASDAQ:TSCO) last released its earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share for the quarter, meeting the consensus estimate of $1.16. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The business earned $1.85 billion during 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 firm’s revenue was up 4.5% on a year-over-year basis. On average, equities analysts expect that Tractor Supply will post $3.24 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in TSCO. Hanson McClain Inc. purchased a new stake in Tractor Supply during the second quarter valued at $104,000. BlueMountain Capital Management LLC purchased a new stake in Tractor Supply during the second quarter valued at $111,000. Seven Eight Capital LLC purchased a new stake in Tractor Supply during the first quarter valued at $123,000. Mizuho Asset Management Co. Ltd. boosted 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 period. Finally, Turner Investments L.P. purchased a new stake in Tractor Supply during the second quarter valued at $205,000. Institutional investors own 91.58% of the company’s stock.
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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