Stock analysts at Wolfe Research assumed coverage on shares of Tractor Supply (NASDAQ:TSCO) in a research note issued on Tuesday, TipRanks reports. The firm set a “hold” rating and a $95.00 price target on the specialty retailer’s stock. Wolfe Research’s target price would suggest a potential upside of 0.73% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on TSCO. Wedbush reissued an “outperform” rating and issued a $105.00 target price (down previously from $115.00) on shares of Tractor Supply in a research report on Tuesday, September 24th. Northcoast Research raised shares of Tractor Supply from a “neutral” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Wednesday, October 2nd. Guggenheim reissued a “buy” rating and issued a $110.00 target price (down previously from $120.00) on shares of Tractor Supply in a research report on Friday, September 20th. Raymond James began coverage on shares of Tractor Supply in a research report on Monday. They issued a “strong-buy” rating and a $115.00 target price for the company. Finally, Goldman Sachs Group began coverage on Tractor Supply in a research note on Thursday, July 11th. They issued a “buy” rating and a $122.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Tractor Supply currently has an average rating of “Buy” and an average price target of $107.43.
Shares of Tractor Supply stock traded up $1.19 during trading on Tuesday, reaching $94.31. The company’s stock had a trading volume of 1,747,033 shares, compared to its average volume of 1,367,034. The business’s 50-day moving average price is $96.40 and its 200-day moving average price is $102.63. The firm has a market cap of $10.98 billion, a PE ratio of 21.88, a P/E/G ratio of 1.76 and a beta of 1.06. Tractor Supply has a 52 week low of $78.67 and a 52 week high of $114.25. The company has a quick ratio of 0.16, a current ratio of 1.52 and a debt-to-equity ratio of 1.57.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $1.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.81 by ($0.01). The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. Tractor Supply had a net margin of 6.71% and a return on equity of 36.12%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.69 EPS. Equities analysts predict that Tractor Supply will post 4.74 earnings per share for the current year.
In related news, SVP Chad Michael Frazell sold 17,857 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $110.04, for a total value of $1,964,984.28. Following the completion of the transaction, the senior vice president now owns 31,004 shares of the company’s stock, valued at $3,411,680.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Securian Asset Management Inc raised its stake in Tractor Supply by 0.9% during the second quarter. Securian Asset Management Inc now owns 12,607 shares of the specialty retailer’s stock worth $1,372,000 after acquiring an additional 109 shares in the last quarter. D.B. Root & Company LLC raised its stake in Tractor Supply by 2.2% during the second quarter. D.B. Root & Company LLC now owns 5,138 shares of the specialty retailer’s stock worth $559,000 after acquiring an additional 112 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Tractor Supply by 0.7% during the second quarter. Nisa Investment Advisors LLC now owns 16,665 shares of the specialty retailer’s stock worth $1,813,000 after purchasing an additional 115 shares during the last quarter. Coastal Investment Advisors Inc. grew its holdings in shares of Tractor Supply by 32.3% during the second quarter. Coastal Investment Advisors Inc. now owns 549 shares of the specialty retailer’s stock worth $58,000 after purchasing an additional 134 shares during the last quarter. Finally, CSat Investment Advisory L.P. grew its holdings in shares of Tractor Supply by 46.4% during the second quarter. CSat Investment Advisory L.P. now owns 429 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 136 shares during the last quarter. 82.76% of the stock is owned by hedge funds and other institutional investors.
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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