Tractor Supply Company (NASDAQ:TSCO)‘s stock had its “hold” rating reiterated by investment analysts at Piper Jaffray Companies in a report issued on Friday, October 27th. They presently have a $56.00 price target on the specialty retailer’s stock. Piper Jaffray Companies’ price objective points to a potential downside of 9.16% from the company’s current price.
Several other research analysts have also weighed in on the stock. Credit Suisse Group AG set a $52.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a report on Thursday, October 26th. Deutsche Bank AG cut their price objective on shares of Tractor Supply from $54.00 to $51.00 and set a “hold” rating on the stock in a report on Thursday, October 26th. Robert W. Baird set a $66.00 target price on shares of Tractor Supply and gave the stock a “buy” rating in a research report on Thursday, October 26th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Tractor Supply in a research report on Thursday, October 26th. Finally, Loop Capital set a $55.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Fifteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $68.63.
Shares of Tractor Supply (NASDAQ TSCO) opened at $61.65 on Friday. The company has a market cap of $7,869.12, a PE ratio of 18.60, a P/E/G ratio of 1.37 and a beta of 1.29. Tractor Supply has a 12 month low of $49.87 and a 12 month high of $78.25. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38.
Tractor Supply (NASDAQ:TSCO) last released its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. The company had revenue of $1.72 billion for 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 quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. equities analysts anticipate that Tractor Supply will post 3.28 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in TSCO. Global X MANAGEMENT CO LLC grew its holdings in Tractor Supply by 191.7% during the third quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock worth $113,000 after acquiring an additional 1,173 shares during the period. Commonwealth Bank of Australia grew its holdings in Tractor Supply by 15.4% during the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after acquiring an additional 317 shares during the period. Penserra Capital Management LLC purchased a new position in Tractor Supply in the 2nd quarter worth about $139,000. Bristlecone Advisors LLC purchased a new position in Tractor Supply in the 3rd quarter worth about $173,000. Finally, Bronfman E.L. Rothschild L.P. increased its stake in Tractor Supply by 33.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock worth $180,000 after purchasing an additional 828 shares in the last quarter. 92.95% of the stock is currently owned by hedge funds and other institutional investors.
Tractor Supply Company Profile
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.
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