Tractor Supply Co. (TSCO) Receives “Buy” Rating from Guggenheim
Tractor Supply Co. (NASDAQ:TSCO)‘s stock had its “buy” rating reiterated by equities research analysts at Guggenheim in a research note issued to investors on Friday.
Several other equities analysts have also recently commented on the company. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $80.00 target price on shares of Tractor Supply in a research note on Friday, October 7th. Goldman Sachs Group Inc. set a $77.00 target price on Tractor Supply and gave the company a “hold” rating in a research note on Monday, September 12th. Morgan Stanley reissued a “hold” rating and set a $95.00 price target on shares of Tractor Supply in a research report on Tuesday, September 6th. Deutsche Bank AG dropped their price target on Tractor Supply from $76.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, September 30th. Finally, Wedbush lowered Tractor Supply from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $96.00 to $72.00 in a research report on Thursday, September 8th. Two 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 an average rating of “Hold” and a consensus target price of $88.37.
Tractor Supply (NASDAQ:TSCO) opened at 67.38 on Friday. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 21.61 and a beta of 1.20. Tractor Supply has a 52-week low of $66.43 and a 52-week high of $97.25. The company has a 50-day moving average of $72.36 and a 200-day moving average of $86.81.
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Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.16. The firm earned $1.85 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Tractor Supply had a return on equity of 30.30% and a net margin of 6.57%. Tractor Supply’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 EPS. Equities research analysts expect that Tractor Supply will post $3.24 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of TSCO. Vanguard Group Inc. boosted its position in Tractor Supply by 1.7% in the second quarter. Vanguard Group Inc. now owns 11,625,336 shares of the company’s stock valued at $1,059,998,000 after buying an additional 189,876 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Tractor Supply by 1.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,464,266 shares of the company’s stock valued at $315,872,000 after buying an additional 33,365 shares in the last quarter. Fiera Capital Corp boosted its position in Tractor Supply by 12.1% in the second quarter. Fiera Capital Corp now owns 2,168,378 shares of the company’s stock valued at $197,713,000 after buying an additional 234,205 shares in the last quarter. William Blair Investment Management LLC boosted its position in Tractor Supply by 54.3% in the second quarter. William Blair Investment Management LLC now owns 2,150,617 shares of the company’s stock valued at $196,093,000 after buying an additional 756,716 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in Tractor Supply by 1.7% in the second quarter. BlackRock Fund Advisors now owns 2,147,173 shares of the company’s stock valued at $195,779,000 after buying an additional 36,634 shares in the last quarter. 91.58% of the stock is owned by institutional investors.
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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