Other equities analysts have also recently issued research reports about the stock. Robert W. Baird reiterated a buy rating and issued a $66.00 target price on shares of Tractor Supply in a research report on Wednesday, October 4th. Bank of America restated a buy rating and issued a $69.00 price objective on shares of Tractor Supply in a research report on Tuesday, September 5th. BidaskClub upgraded shares of Tractor Supply from a hold rating to a buy rating in a research report on Friday, December 22nd. Morgan Stanley boosted their price objective on shares of Tractor Supply from $53.00 to $57.00 and gave the company an equal weight rating in a research report on Thursday, November 16th. Finally, Oppenheimer reaffirmed a hold rating on shares of Tractor Supply in a research note on Thursday, October 26th. Sixteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $67.80.
Shares of Tractor Supply (NASDAQ:TSCO) opened at $79.61 on Wednesday. Tractor Supply has a fifty-two week low of $49.87 and a fifty-two week high of $79.85. The company has a current ratio of 2.00, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. The stock has a market cap of $9,855.55, a price-to-earnings ratio of 23.62, a PEG ratio of 1.51 and a beta of 1.32.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. research analysts predict that Tractor Supply will post 3.29 earnings per share for the current fiscal year.
In other Tractor Supply news, CMO Steve K. Barbarick sold 43,076 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $69.03, for a total transaction of $2,973,536.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the stock. Virginia Retirement Systems ET AL lifted its position in Tractor Supply by 4.9% during the second quarter. Virginia Retirement Systems ET AL now owns 4,300 shares of the specialty retailer’s stock valued at $233,000 after purchasing an additional 200 shares during the last quarter. Tredje AP fonden lifted its position in Tractor Supply by 2.8% during the second quarter. Tredje AP fonden now owns 9,580 shares of the specialty retailer’s stock valued at $519,000 after purchasing an additional 260 shares during the last quarter. Sentry Investment Management LLC raised its stake in shares of Tractor Supply by 3.1% in the second quarter. Sentry Investment Management LLC now owns 8,957 shares of the specialty retailer’s stock valued at $486,000 after acquiring an additional 268 shares during the period. Commonwealth Bank of Australia raised its stake in shares of Tractor Supply by 15.4% in the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 317 shares during the period. Finally, Formidable Asset Management LLC raised its stake in shares of Tractor Supply by 1.8% in the second quarter. Formidable Asset Management LLC now owns 19,429 shares of the specialty retailer’s stock valued at $1,053,000 after acquiring an additional 341 shares during the period. Hedge funds and other institutional investors own 92.33% of the company’s stock.
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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.
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