Tractor Supply Co. (NASDAQ:TSCO)‘s stock had its “outperform” rating restated by investment analysts at Oppenheimer Holdings Inc. in a research report issued to clients and investors on Friday. They currently have a $80.00 target price on the stock. Oppenheimer Holdings Inc.’s price objective indicates a potential upside of 17.86% from the company’s previous close.
A number of other equities analysts also recently weighed in on the stock. Goldman Sachs Group Inc. reissued a “sell” rating on shares of Tractor Supply in a report on Friday. BMO Capital Markets reissued a “market perform” rating and issued a $74.00 price target on shares of Tractor Supply in a report on Tuesday. Guggenheim reissued a “buy” rating and issued a $90.00 price target on shares of Tractor Supply in a report on Friday, September 30th. Deutsche Bank AG cut their price target on shares of Tractor Supply from $76.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, September 30th. Finally, Barclays PLC reissued an “overweight” rating and issued a $90.00 price target on shares of Tractor Supply in a report on Friday, September 30th. Two equities research 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 has an average rating of “Hold” and an average price target of $88.37.
Tractor Supply (NASDAQ:TSCO) opened at 67.88 on Friday. The company has a market capitalization of $9.07 billion, a price-to-earnings ratio of 21.77 and a beta of 1.20. Tractor Supply has a 12-month low of $66.43 and a 12-month high of $97.25. The firm has a 50-day moving average of $74.32 and a 200 day moving average of $87.39.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.16. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The firm earned $1.85 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the business posted $1.12 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. Analysts expect that Tractor Supply will post $3.24 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Hanson McClain Inc. bought a new position in Tractor Supply during the second quarter valued at $104,000. BlueMountain Capital Management LLC acquired a new position in shares of Tractor Supply during the second quarter worth approximately $111,000. Seven Eight Capital LLC acquired a new position in shares of Tractor Supply during the first quarter worth approximately $123,000. Mizuho Asset Management Co. Ltd. boosted its position in shares of Tractor Supply by 95.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,693 shares of the company’s stock worth $154,000 after buying an additional 826 shares during the last quarter. Finally, Turner Investments L.P. acquired a new position in shares of Tractor Supply during the second quarter worth approximately $205,000. Institutional investors own 91.58% of the company’s stock.
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