Tractor Supply Company (TSCO) Receives $69.42 Average PT from Brokerages

Tractor Supply Company (NASDAQ:TSCO) has earned an average recommendation of “Hold” from the twenty-five brokerages that are covering the firm, MarketBeat reports. Sixteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $69.42.

Several brokerages recently weighed in on TSCO. UBS AG downgraded Tractor Supply from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $62.00 to $67.00 in a research note on Monday, October 2nd. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Tractor Supply in a research note on Thursday, July 27th. Robert W. Baird restated a “buy” rating and set a $66.00 target price on shares of Tractor Supply in a research note on Wednesday, October 4th. Guggenheim restated a “buy” rating and set a $70.00 target price (down from $80.00) on shares of Tractor Supply in a research note on Thursday, July 27th. Finally, BidaskClub upgraded Tractor Supply from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th.

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Tractor Supply (NASDAQ TSCO) traded down 2.07% during midday trading on Friday, hitting $58.20. The stock had a trading volume of 3,094,368 shares. The stock has a market cap of $7.37 billion, a PE ratio of 17.59 and a beta of 1.30. The company’s 50 day moving average price is $60.98 and its 200-day moving average price is $58.69. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $78.25.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.02). The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 earnings per share. Analysts forecast that Tractor Supply will post $3.25 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Achmea Investment Management B.V. raised its holdings in Tractor Supply by 58.3% in the 2nd quarter. Achmea Investment Management B.V. now owns 12,891 shares of the specialty retailer’s stock worth $697,000 after purchasing an additional 4,748 shares during the period. Sentry Investment Management LLC raised its holdings in Tractor Supply by 3.1% in the 2nd quarter. Sentry Investment Management LLC now owns 8,957 shares of the specialty retailer’s stock worth $486,000 after purchasing an additional 268 shares during the period. Toronto Dominion Bank raised its holdings in Tractor Supply by 23.5% in the 2nd quarter. Toronto Dominion Bank now owns 43,580 shares of the specialty retailer’s stock worth $2,362,000 after purchasing an additional 8,300 shares during the period. Cetera Investment Advisers acquired a new position in Tractor Supply in the 2nd quarter worth about $400,000. Finally, Tandem Investment Advisors Inc. raised its holdings in Tractor Supply by 8.8% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 90,437 shares of the specialty retailer’s stock worth $4,903,000 after purchasing an additional 7,347 shares during the period. 91.98% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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