First Nebraska Trust Co purchased a new position in shares of Tractor Supply Company (NASDAQ:TSCO – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 39,955 shares of the specialty retailer’s stock, valued at approximately $1,250,000.
A number of other hedge funds also recently modified their holdings of TSCO. Elevation Wealth Partners LLC lifted its stake in Tractor Supply by 1,253.4% in the second quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 727 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new position in Tractor Supply during the second quarter valued at $26,000. Community Financial Services Group LLC increased its position in Tractor Supply by 3,240.0% in the second quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer’s stock worth $27,000 after buying an additional 810 shares during the last quarter. Bullseye Investment Management LLC purchased a new stake in Tractor Supply in the second quarter worth $31,000. Finally, Pingora Partners LLC purchased a new stake in Tractor Supply in the second quarter worth $32,000. Institutional investors own 98.72% of the company’s stock.
Wall Street Analysts Forecast Growth
TSCO has been the topic of a number of recent research reports. TD Cowen reaffirmed a “hold” rating and set a $36.00 price target (up from $34.00) on shares of Tractor Supply in a research report on Friday, October 23rd. UBS Group reiterated a “neutral” rating on shares of Tractor Supply in a research note on Monday, October 12th. Mizuho set a $31.00 price objective on Tractor Supply in a report on Friday, October 23rd. Piper Sandler set a $35.00 price objective on Tractor Supply in a research note on Friday, October 23rd. Finally, Robert W. Baird upped their price objective on shares of Tractor Supply from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $38.62.
Check Out Our Latest Research Report on Tractor Supply
Tractor Supply Price Performance
Tractor Supply stock opened at $35.10 on Wednesday. Tractor Supply Company has a 52 week low of $28.36 and a 52 week high of $56.94. The business has a 50-day simple moving average of $33.28 and a 200 day simple moving average of $38.11. The company has a quick ratio of 0.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The stock has a market cap of $18.41 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 3.66 and a beta of 0.49.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The specialty retailer reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. Tractor Supply had a return on equity of 40.05% and a net margin of 6.13%. The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter last year, the firm posted $0.49 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. On average, research analysts forecast that Tractor Supply Company will post 1.94 earnings per share for the current fiscal year.
About Tractor Supply
Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.
Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.
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