Tractor Supply (NASDAQ:TSCO) has been given a consensus rating of “Hold” by the twenty-seven ratings firms that are currently covering the company, MarketBeat.com reports. Sixteen investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $66.74.

TSCO has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Tractor Supply from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. BMO Capital Markets upped their target price on Tractor Supply from $58.00 to $61.00 and gave the company a “market perform” rating in a report on Wednesday, September 27th. UBS Group downgraded Tractor Supply from a “buy” rating to a “neutral” rating and upped their target price for the company from $62.00 to $67.00 in a report on Monday, October 2nd. Piper Jaffray Companies restated a “hold” rating and set a $57.00 target price on shares of Tractor Supply in a report on Friday, September 29th. Finally, Wedbush restated an “outperform” rating and set a $72.00 target price (up previously from $65.00) on shares of Tractor Supply in a report on Tuesday, October 3rd.

In other news, CMO Steve K. Barbarick sold 43,076 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSCO. Schwab Charles Investment Management Inc. grew its stake in shares of Tractor Supply by 7.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 449,218 shares of the specialty retailer’s stock worth $24,353,000 after acquiring an additional 29,650 shares during the last quarter. Commonwealth Bank of Australia boosted its position in shares of Tractor Supply by 15.4% during the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after buying an additional 317 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of Tractor Supply by 14.6% during the second quarter. Riverhead Capital Management LLC now owns 13,402 shares of the specialty retailer’s stock valued at $727,000 after buying an additional 1,703 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Tractor Supply by 90.2% during the second quarter. Teachers Advisors LLC now owns 464,297 shares of the specialty retailer’s stock valued at $25,170,000 after buying an additional 220,179 shares during the last quarter. Finally, Norinchukin Bank The boosted its position in shares of Tractor Supply by 5.0% during the second quarter. Norinchukin Bank The now owns 8,922 shares of the specialty retailer’s stock valued at $484,000 after buying an additional 428 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tractor Supply (NASDAQ:TSCO) traded up $1.12 during trading on Monday, hitting $79.61. The company had a trading volume of 2,099,300 shares, compared to its average volume of 1,643,778. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 2.00. The company has a market capitalization of $9,996.18, a P/E ratio of 23.62, a PEG ratio of 1.52 and a beta of 1.32. Tractor Supply has a one year low of $49.87 and a one year high of $79.85.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share. equities analysts predict that Tractor Supply will post 3.29 EPS for the current year.

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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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