Tractor Supply Company (NASDAQ:TSCO)‘s stock had its “hold” rating restated by BMO Capital Markets in a report issued on Thursday. They presently have a $61.00 price objective on the specialty retailer’s stock. BMO Capital Markets’ price objective indicates a potential upside of 1.23% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Guggenheim reaffirmed a “buy” rating and set a $70.00 price objective (down previously from $80.00) on shares of Tractor Supply in a research report on Thursday, July 27th. Bank of America Corporation reaffirmed a “buy” rating and set a $69.00 price objective on shares of Tractor Supply in a research report on Tuesday, September 5th. Robert W. Baird set a $62.00 price objective on shares of Tractor Supply and gave the company a “buy” rating in a research report on Friday, August 25th. Credit Suisse Group set a $54.00 price objective on shares of Tractor Supply and gave the company a “hold” rating in a research report on Thursday, July 27th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $54.00 price objective (down previously from $69.00) on shares of Tractor Supply in a research report on Thursday, July 27th. Fourteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $68.63.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.68 billion. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 earnings per share.

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Institutional investors have recently made changes to their positions in the company. Hanson McClain Inc. acquired a new stake in shares of Tractor Supply in the second quarter worth $104,000. Seven Eight Capital LLC acquired a new stake in shares of Tractor Supply in the first quarter worth $123,000. Penserra Capital Management LLC grew its stake in shares of Tractor Supply by 95.5% in the third quarter. Penserra Capital Management LLC now owns 1,548 shares of the specialty retailer’s stock worth $104,000 after acquiring an additional 756 shares during the last quarter. Mizuho Asset Management Co. Ltd. grew its stake in shares of Tractor Supply by 95.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,693 shares of the specialty retailer’s stock worth $154,000 after acquiring an additional 826 shares during the last quarter. Finally, Turner Investments L.P. acquired a new stake in shares of Tractor Supply in the second quarter worth $205,000. Institutional investors and hedge funds own 92.18% 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 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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