Tractor Supply (NASDAQ:TSCO) had its target price hoisted by equities research analysts at Morgan Stanley from $53.00 to $57.00 in a report released on Thursday, November 16th. The brokerage currently has an “equal weight” rating on the specialty retailer’s stock. Morgan Stanley’s price objective indicates a potential downside of 16.51% from the stock’s previous close.
Several other brokerages have also issued reports on TSCO. Piper Jaffray Companies reaffirmed a “hold” rating and set a $57.00 price target on shares of Tractor Supply in a research note on Friday, September 29th. UBS lowered Tractor Supply from a “buy” rating to a “neutral” rating and boosted their target price for the company from $62.00 to $67.00 in a research note on Monday, October 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $66.00 price target on shares of Tractor Supply in a research report on Wednesday, October 4th. Wedbush reaffirmed an “outperform” rating and set a $72.00 price target (up previously from $65.00) on shares of Tractor Supply in a research report on Tuesday, October 3rd. Finally, BMO Capital Markets upped their target price on Tractor Supply from $58.00 to $61.00 and gave the stock a “market perform” rating in a report on Wednesday, September 27th. Seventeen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $66.26.
Shares of Tractor Supply (NASDAQ:TSCO) traded up $0.11 during midday trading on Thursday, hitting $68.27. The stock had a trading volume of 4,821,871 shares, compared to its average volume of 2,217,707. Tractor Supply has a one year low of $49.87 and a one year high of $78.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 2.00. The stock has a market capitalization of $8,558.47, a PE ratio of 20.23, a PEG ratio of 1.48 and a beta of 1.32.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. analysts predict that Tractor Supply will post 3.28 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in TSCO. Global X MANAGEMENT CO LLC raised its holdings in Tractor Supply by 191.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock worth $113,000 after purchasing an additional 1,173 shares during the period. Commonwealth Bank of Australia raised its holdings in Tractor Supply by 15.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 317 shares during the period. Penserra Capital Management LLC bought a new position in Tractor Supply in the 2nd quarter worth $139,000. Bristlecone Advisors LLC bought a new position in Tractor Supply in the 3rd quarter worth $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 buying an additional 828 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.
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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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