Oppenheimer Reiterates “Hold” Rating for Tractor Supply (TSCO)

Tractor Supply (NASDAQ:TSCO)‘s stock had its “hold” rating restated by investment analysts at Oppenheimer in a report issued on Friday.

Several other equities research analysts also recently commented on TSCO. Robert W. Baird set a $62.00 price objective on shares of Tractor Supply and gave the company a “buy” rating in a report on Friday, August 25th. Bank of America reaffirmed a “buy” rating and set a $69.00 price objective on shares of Tractor Supply in a report on Tuesday, September 5th. Credit Suisse Group reaffirmed a “hold” rating and set a $54.00 price objective on shares of Tractor Supply in a report on Wednesday, September 13th. Zacks Investment Research raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, BMO Capital Markets upped their price objective on shares of Tractor Supply from $58.00 to $61.00 and gave the company a “market perform” rating in a report on Wednesday, September 27th. Sixteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $66.26.

Shares of Tractor Supply (NASDAQ:TSCO) traded down $1.12 during trading hours on Friday, hitting $68.24. 2,490,000 shares of the company were exchanged, compared to its average volume of 2,204,574. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38. The stock has a market cap of $8,506.99, a P/E ratio of 20.10, a P/E/G ratio of 1.48 and a beta of 1.29. Tractor Supply has a 52 week low of $49.87 and a 52 week high of $78.25.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.68 billion. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. analysts predict that Tractor Supply will post 3.28 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Tractor Supply by 1.4% in the second quarter. Vanguard Group Inc. now owns 12,519,767 shares of the specialty retailer’s stock worth $678,696,000 after acquiring an additional 170,986 shares during the period. BlackRock Inc. lifted its stake in Tractor Supply by 1.7% in the second quarter. BlackRock Inc. now owns 7,968,825 shares of the specialty retailer’s stock worth $431,989,000 after acquiring an additional 133,235 shares during the period. Bank of New York Mellon Corp lifted its stake in Tractor Supply by 1.8% in the third quarter. Bank of New York Mellon Corp now owns 6,413,006 shares of the specialty retailer’s stock worth $405,879,000 after acquiring an additional 114,539 shares during the period. Janus Henderson Group PLC lifted its stake in Tractor Supply by 138.6% in the third quarter. Janus Henderson Group PLC now owns 5,096,520 shares of the specialty retailer’s stock worth $322,558,000 after acquiring an additional 2,960,119 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Tractor Supply by 7,599.1% in the second quarter. Ameriprise Financial Inc. now owns 4,230,168 shares of the specialty retailer’s stock worth $229,319,000 after acquiring an additional 4,175,224 shares during the period. 92.61% of the stock is owned by institutional investors.

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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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