Piper Jaffray Companies Analysts Give Tractor Supply Company (NASDAQ:TSCO) a $55.00 Price Target
Tractor Supply Company (NASDAQ:TSCO) has been assigned a $55.00 target price by analysts at Piper Jaffray Companies in a report issued on Tuesday. The firm presently has a “hold” rating on the specialty retailer’s stock. Piper Jaffray Companies’ target price indicates a potential upside of 3.00% from the stock’s current price.
Several other equities analysts have also recently weighed in on TSCO. TheStreet cut Tractor Supply from a “b” rating to a “c+” rating in a research note on Wednesday, April 12th. Wedbush dropped their price objective on Tractor Supply from $83.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, April 28th. Zacks Investment Research upgraded Tractor Supply from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. CIBC cut Tractor Supply from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 4th. Finally, Oppenheimer Holdings, Inc. set a $88.00 price objective on Tractor Supply and gave the company a “buy” rating in a research note on Thursday, April 27th. Twenty research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Tractor Supply has a consensus rating of “Hold” and a consensus price target of $76.86.
Shares of Tractor Supply (NASDAQ:TSCO) traded down 0.24% during mid-day trading on Tuesday, hitting $53.40. 3,385,805 shares of the stock were exchanged. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $92.11. The stock’s 50 day moving average price is $53.28 and its 200-day moving average price is $64.07. The stock has a market capitalization of $6.87 billion, a P/E ratio of 16.49 and a beta of 1.32.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by $0.02. Tractor Supply had a return on equity of 29.64% and a net margin of 6.25%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. Tractor Supply’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities research analysts expect that Tractor Supply will post $3.39 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the company. Clearbridge Investments LLC increased its position in Tractor Supply by 218.8% in the first quarter. Clearbridge Investments LLC now owns 666,329 shares of the specialty retailer’s stock valued at $45,957,000 after buying an additional 457,348 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Tractor Supply by 2.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 419,568 shares of the specialty retailer’s stock valued at $28,938,000 after buying an additional 9,351 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in Tractor Supply during the first quarter valued at approximately $1,655,000. WCM Investment Management CA increased its position in Tractor Supply by 2.2% in the first quarter. WCM Investment Management CA now owns 437,624 shares of the specialty retailer’s stock valued at $30,183,000 after buying an additional 9,425 shares in the last quarter. Finally, Engineers Gate Manager LP increased its position in Tractor Supply by 276.8% in the first quarter. Engineers Gate Manager LP now owns 60,810 shares of the specialty retailer’s stock valued at $4,194,000 after buying an additional 44,673 shares in the last quarter. 91.55% of the stock is owned by institutional investors.
Tractor Supply Company Profile
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.
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