Tractor Supply (NASDAQ:TSCO) had its price objective hoisted by investment analysts at Oppenheimer from $90.00 to $100.00 in a report released on Friday, The Fly reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Oppenheimer’s price target suggests a potential upside of 14.40% from the company’s current price.
A number of other equities research analysts have also recently commented on TSCO. BidaskClub raised Tractor Supply from a “hold” rating to a “buy” rating in a research note on Thursday, May 17th. Piper Jaffray Companies reissued an “overweight” rating and issued a $85.00 price objective (up previously from $78.00) on shares of Tractor Supply in a research note on Tuesday, May 22nd. TheStreet raised Tractor Supply from a “c+” rating to a “b-” rating in a research note on Monday, May 21st. Gordon Haskett started coverage on Tractor Supply in a research note on Wednesday, June 20th. They issued an “accumulate” rating and a $86.00 price objective for the company. Finally, Wells Fargo & Co raised their price objective on Tractor Supply from $72.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, June 27th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. Tractor Supply has an average rating of “Hold” and a consensus price target of $81.60.
NASDAQ TSCO opened at $87.41 on Friday. Tractor Supply has a one year low of $54.76 and a one year high of $91.92. The company has a market cap of $10.80 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 1.65 and a beta of 1.43. The company has a quick ratio of 0.19, a current ratio of 1.92 and a debt-to-equity ratio of 0.39.
Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, July 26th. The specialty retailer reported $1.69 EPS for the quarter, topping the consensus estimate of $1.61 by $0.08. Tractor Supply had a return on equity of 35.24% and a net margin of 6.34%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the firm posted $1.25 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. research analysts predict that Tractor Supply will post 4.19 EPS for the current fiscal year.
In related news, EVP Benjamin F. Parrish, Jr. sold 5,000 shares of Tractor Supply stock in a transaction on Monday, July 9th. The stock was sold at an average price of $78.44, for a total transaction of $392,200.00. Following the sale, the executive vice president now directly owns 21,948 shares in the company, valued at $1,721,601.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory A. Sandfort sold 140,709 shares of Tractor Supply stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $90.28, for a total value of $12,703,208.52. Following the sale, the chief executive officer now owns 118,845 shares in the company, valued at $10,729,326.60. The disclosure for this sale can be found here. Insiders have sold 240,676 shares of company stock worth $21,239,177 over the last quarter. 1.60% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of TSCO. Piedmont Investment Advisors LLC bought a new stake in shares of Tractor Supply in the second quarter valued at $106,000. Qube Research & Technologies Ltd bought a new stake in shares of Tractor Supply in the second quarter valued at $130,000. Steward Partners Investment Advisory LLC raised its stake in shares of Tractor Supply by 118.9% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,751 shares of the specialty retailer’s stock valued at $134,000 after buying an additional 951 shares during the period. NumerixS Investment Technologies Inc raised its stake in shares of Tractor Supply by 58.3% in the second quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the specialty retailer’s stock valued at $148,000 after buying an additional 700 shares during the period. Finally, WealthTrust Axiom LLC bought a new stake in shares of Tractor Supply in the second quarter valued at $201,000. Institutional investors and hedge funds own 81.71% of the company’s stock.
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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