Tractor Supply Co. (TSCO) to Release Quarterly Earnings on Wednesday
Tractor Supply Co. (NASDAQ:TSCO) will issue its Q316 quarterly earnings data on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.66 per share and revenue of $1.54 billion for the quarter.
Shares of Tractor Supply Co. (NASDAQ:TSCO) opened at 65.54 on Tuesday. The stock’s 50 day moving average price is $71.32 and its 200 day moving average price is $86.42. The stock has a market capitalization of $8.76 billion, a P/E ratio of 21.02 and a beta of 1.21. Tractor Supply Co. has a one year low of $65.39 and a one year high of $97.25.
TSCO has been the subject of several research analyst reports. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $80.00 price objective on shares of Tractor Supply in a research report on Friday, October 7th. Guggenheim reiterated a “buy” rating and issued a $90.00 price objective on shares of Tractor Supply in a research report on Friday. Goldman Sachs Group Inc. set a $77.00 price objective on Tractor Supply and gave the company a “hold” rating in a research report on Monday, September 12th. Morgan Stanley reiterated a “hold” rating and issued a $95.00 price objective on shares of Tractor Supply in a research report on Tuesday, September 6th. Finally, Deutsche Bank AG cut their price objective on Tractor Supply from $76.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, September 30th. 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 stock. The company currently has a consensus rating of “Hold” and an average target price of $88.37.
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Several hedge funds have recently modified their holdings of the stock. BlueMountain Capital Management LLC purchased a new stake in shares of Tractor Supply during the second quarter worth approximately $111,000. First Allied Advisory Services Inc. raised its stake in shares of Tractor Supply by 8.7% in the second quarter. First Allied Advisory Services Inc. now owns 2,650 shares of the company’s stock worth $240,000 after buying an additional 212 shares during the period. Bank of Nova Scotia raised its stake in shares of Tractor Supply by 7.6% in the second quarter. Bank of Nova Scotia now owns 2,703 shares of the company’s stock worth $246,000 after buying an additional 190 shares during the period. Veritable L.P. raised its stake in shares of Tractor Supply by 19.2% in the second quarter. Veritable L.P. now owns 3,552 shares of the company’s stock worth $324,000 after buying an additional 573 shares during the period. Finally, WESPAC Advisors SoCal LLC raised its stake in shares of Tractor Supply by 3.9% in the second quarter. WESPAC Advisors SoCal LLC now owns 3,950 shares of the company’s stock worth $360,000 after buying an additional 150 shares during the period. Institutional investors 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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