Tractor Supply (NASDAQ:TSCO) – Stock analysts at Wedbush raised their FY2017 earnings estimates for shares of Tractor Supply in a research report issued to clients and investors on Thursday. Wedbush analyst S. Basham now forecasts that the specialty retailer will post earnings of $3.30 per share for the year, up from their prior estimate of $3.27. Wedbush has a “Neutral” rating and a $80.00 price objective on the stock. Wedbush also issued estimates for Tractor Supply’s Q1 2018 earnings at $0.59 EPS and Q3 2018 earnings at $0.85 EPS.
TSCO has been the topic of several other research reports. Piper Jaffray Companies reiterated a “hold” rating and issued a $56.00 price target on shares of Tractor Supply in a research note on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of Tractor Supply in a research note on Friday, November 10th. Robert W. Baird set a $66.00 price target on Tractor Supply and gave the company a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered Tractor Supply from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Finally, Loop Capital set a $55.00 price target on Tractor Supply and gave the company a “hold” rating in a research note on Wednesday, October 25th. Sixteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $67.80.
Tractor Supply (NASDAQ TSCO) opened at $78.49 on Friday. Tractor Supply has a fifty-two week low of $49.87 and a fifty-two week high of $79.72. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $9,860.00, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS.
Hedge funds have recently modified their holdings of the stock. Global X MANAGEMENT CO LLC grew its position in shares of 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 valued at $113,000 after buying an additional 1,173 shares during the last quarter. Commonwealth Bank of Australia grew its position in shares of Tractor Supply by 15.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after buying an additional 317 shares during the last quarter. Bristlecone Advisors LLC bought a new stake in shares of Tractor Supply in the 3rd quarter valued at about $173,000. Globeflex Capital L P bought a new stake in shares of Tractor Supply in the 2nd quarter valued at about $206,000. Finally, Palisade Asset Management LLC bought a new stake in shares of Tractor Supply in the 3rd quarter valued at about $214,000. Institutional investors and hedge funds own 92.33% of the company’s stock.
In related news, CMO Steve K. Barbarick sold 43,076 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.20% 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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