Todays Report: The Tractor Supply Co. (TSCO) Rating Reiterated by Oppenheimer Holdings Inc.

The Tractor Supply Co. (TSCO) Rating Reiterated by Oppenheimer Holdings Inc.

Oppenheimer Holdings Inc. restated their outperform rating on shares of Tractor Supply Co. (NASDAQ:TSCO) in a research note released on Friday. They currently have a $80.00 price target on the stock.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Tractor Supply from a hold rating to a sell rating in a report on Friday, July 1st. Royal Bank Of Canada lowered shares of Tractor Supply from an outperform rating to a sector perform rating and dropped their price objective for the company from $100.00 to $79.00 in a report on Thursday, September 8th. JPMorgan Chase & Co. dropped their price objective on shares of Tractor Supply from $105.00 to $103.00 and set an overweight rating for the company in a report on Thursday, June 30th. Piper Jaffray Cos. reiterated an overweight rating and issued a $103.00 price objective (down previously from $105.00) on shares of Tractor Supply in a report on Friday, July 1st. Finally, BTIG Research reiterated a buy rating and issued a $105.00 price objective (down previously from $115.00) on shares of Tractor Supply in a report on Thursday, June 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $88.37.

Shares of Tractor Supply (NASDAQ:TSCO) opened at 68.27 on Friday. The firm has a market cap of $9.13 billion, a PE ratio of 21.90 and a beta of 1.20. The stock’s 50 day moving average is $72.85 and its 200 day moving average is $86.95. Tractor Supply has a 12 month low of $66.43 and a 12 month high of $97.25.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.16. The business earned $1.85 billion during the quarter, compared to analyst estimates of $1.93 billion. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $1.12 EPS. Analysts forecast that Tractor Supply will post $3.24 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Osborn Rohs Williams & Donohoe Ltd acquired a new stake in Tractor Supply during the third quarter valued at about $707,000. Capstone Asset Management Co. increased its stake in Tractor Supply by 3.3% in the third quarter. Capstone Asset Management Co. now owns 15,238 shares of the company’s stock valued at $1,026,000 after buying an additional 490 shares during the last quarter. Creative Planning increased its stake in Tractor Supply by 55.3% in the third quarter. Creative Planning now owns 22,315 shares of the company’s stock valued at $1,503,000 after buying an additional 7,943 shares during the last quarter. Reilly Herbert Faulkner III increased its stake in Tractor Supply by 2.8% in the third quarter. Reilly Herbert Faulkner III now owns 40,598 shares of the company’s stock valued at $2,734,000 after buying an additional 1,108 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Tractor Supply by 16.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 32,487 shares of the company’s stock valued at $2,188,000 after buying an additional 4,623 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Tractor Supply Company Profile

Related posts

Leave a Comment