Shares of Tractor Supply Company (NASDAQ:TSCO) have earned an average rating of “Hold” from the twenty-nine analysts that are covering the company, Marketbeat.com reports. Twenty investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $76.84.

TSCO has been the subject of a number of research analyst reports. J P Morgan Chase & Co downgraded shares of Tractor Supply from an “overweight” rating to a “neutral” rating and cut their price target for the company from $88.00 to $67.00 in a report on Wednesday, April 12th. Stephens lowered shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective for the company. in a research note on Wednesday, April 12th. Zacks Investment Research lowered shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Barclays PLC set a $90.00 price objective on shares of Tractor Supply and gave the company a “buy” rating in a research note on Wednesday, April 12th. Finally, Robert W. Baird set a $80.00 price objective on shares of Tractor Supply and gave the company a “buy” rating in a research note on Wednesday, April 12th.

Tractor Supply (NASDAQ TSCO) traded down 2.01% during trading on Monday, reaching $51.55. 1,286,574 shares of the company’s stock traded hands. The company has a 50-day moving average of $53.61 and a 200 day moving average of $64.74. Tractor Supply has a 12 month low of $49.87 and a 12 month high of $92.11. The stock has a market capitalization of $6.63 billion, a P/E ratio of 15.92 and a beta of 1.32.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, April 26th. The specialty retailer reported $0.46 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.46. Tractor Supply had a net margin of 6.25% and a return on equity of 29.64%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the company earned $0.50 EPS. Tractor Supply’s revenue was up 6.6% on a year-over-year basis. On average, equities research analysts expect that Tractor Supply will post $3.40 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in TSCO. Bronfman E.L. Rothschild L.P. increased its position in shares of Tractor Supply by 3.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock valued at $172,000 after buying an additional 91 shares during the period. Dynamic Advisors Solutions LLC increased its position in shares of Tractor Supply by 3.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 3,065 shares of the specialty retailer’s stock valued at $211,000 after buying an additional 100 shares during the period. Koch Industries Inc. bought a new position in shares of Tractor Supply during the first quarter valued at approximately $216,000. Gofen & Glossberg LLC IL increased its position in shares of Tractor Supply by 6.7% in the first quarter. Gofen & Glossberg LLC IL now owns 3,165 shares of the specialty retailer’s stock valued at $218,000 after buying an additional 200 shares during the period. Finally, Cleararc Capital Inc. increased its position in shares of Tractor Supply by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the specialty retailer’s stock valued at $221,000 after buying an additional 29 shares during the period. Institutional investors own 91.55% of the company’s stock.

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About Tractor Supply

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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