Tractor Supply (NASDAQ:TSCO)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Wedbush in a report issued on Friday, AnalystRatings.com reports. They currently have a $115.00 target price on the specialty retailer’s stock, up from their previous target price of $105.00. Wedbush’s price target would indicate a potential upside of 19.22% from the company’s previous close. Wedbush also issued estimates for Tractor Supply’s Q4 2019 earnings at $1.25 EPS, Q2 2020 earnings at $2.04 EPS, Q4 2020 earnings at $1.43 EPS and FY2021 earnings at $5.73 EPS.
Several other analysts have also recently issued reports on TSCO. Guggenheim restated a “buy” rating and set a $110.00 price objective (down previously from $120.00) on shares of Tractor Supply in a research note on Friday, September 20th. Telsey Advisory Group cut their price objective on Tractor Supply from $113.00 to $108.00 and set a “market perform” rating on the stock in a research note on Friday, August 23rd. Zacks Investment Research upgraded Tractor Supply from a “sell” rating to a “hold” rating and set a $98.00 price objective on the stock in a research note on Friday, October 4th. Wells Fargo & Co cut their price objective on Tractor Supply from $125.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Finally, Goldman Sachs Group initiated coverage on Tractor Supply in a research note on Thursday, July 11th. They set a “buy” rating and a $122.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Tractor Supply currently has a consensus rating of “Buy” and a consensus price target of $109.20.
Tractor Supply stock opened at $96.46 on Friday. The stock has a fifty day moving average price of $94.53 and a 200 day moving average price of $102.43. Tractor Supply has a 52 week low of $78.67 and a 52 week high of $114.25. The firm has a market capitalization of $11.69 billion, a P/E ratio of 22.38, a PEG ratio of 1.88 and a beta of 1.06. The company has a current ratio of 1.60, a quick ratio of 0.16 and a debt-to-equity ratio of 1.75.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.01). Tractor Supply had a net margin of 6.69% and a return on equity of 36.64%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the company earned $0.95 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts predict that Tractor Supply will post 4.71 EPS for the current year.
In other news, SVP Chad Michael Frazell sold 17,857 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $110.04, for a total transaction of $1,964,984.28. Following the sale, the senior vice president now directly owns 31,004 shares in the company, valued at approximately $3,411,680.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Securian Asset Management Inc grew its holdings in Tractor Supply by 0.9% in the 2nd quarter. Securian Asset Management Inc now owns 12,607 shares of the specialty retailer’s stock worth $1,372,000 after buying an additional 109 shares in the last quarter. D.B. Root & Company LLC grew its holdings in Tractor Supply by 2.2% in the 2nd quarter. D.B. Root & Company LLC now owns 5,138 shares of the specialty retailer’s stock worth $559,000 after buying an additional 112 shares in the last quarter. Outlook Wealth Advisors LLC grew its holdings in Tractor Supply by 3.3% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 3,491 shares of the specialty retailer’s stock worth $316,000 after buying an additional 112 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Tractor Supply by 0.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 16,665 shares of the specialty retailer’s stock worth $1,813,000 after buying an additional 115 shares in the last quarter. Finally, Coastal Investment Advisors Inc. grew its holdings in Tractor Supply by 32.3% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 549 shares of the specialty retailer’s stock worth $58,000 after buying an additional 134 shares in the last quarter. 82.90% of the stock is owned by institutional investors and hedge funds.
Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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