Tractor Supply Company (NASDAQ:TSCO) – Stock analysts at Northcoast Research lowered their Q4 2016 earnings estimates for Tractor Supply Company in a report issued on Wednesday. Northcoast Research analyst C. Cerankosky now anticipates that the firm will post earnings per share of $0.93 for the quarter, down from their prior forecast of $0.94. Northcoast Research currently has a “Buy” rating and a $102.00 target price on the stock. Northcoast Research also issued estimates for Tractor Supply Company’s FY2018 earnings at $4.10 EPS.

Tractor Supply Company (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, October 19th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. Tractor Supply Company had a return on equity of 29.78% and a net margin of 6.53%. The firm earned $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the business earned $0.64 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year.

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Earnings History and Estimates for Tractor Supply Company (NASDAQ:TSCO)

TSCO has been the subject of several other reports. Wedbush raised Tractor Supply Company from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $65.00 to $85.00 in a research note on Friday. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Tractor Supply Company in a research note on Friday. TheStreet lowered Tractor Supply Company from a “buy” rating to a “hold” rating in a research note on Monday, November 7th. J P Morgan Chase & Co reissued an “overweight” rating on shares of Tractor Supply Company in a research note on Thursday, December 8th. Finally, Guggenheim reissued a “buy” rating and set a $85.00 price objective (down from $90.00) on shares of Tractor Supply Company in a research note on Saturday, October 22nd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $87.67.

Shares of Tractor Supply Company (NASDAQ:TSCO) opened at 76.05 on Thursday. The firm’s 50-day moving average price is $75.93 and its 200-day moving average price is $78.00. The stock has a market cap of $9.98 billion, a P/E ratio of 24.14 and a beta of 1.30. Tractor Supply Company has a 52-week low of $61.50 and a 52-week high of $97.25.

In related news, Director Mark J. Weikel bought 1,000 shares of the business’s stock in a transaction on Thursday, November 3rd. The shares were bought at an average cost of $66.14 per share, for a total transaction of $66,140.00. Following the completion of the acquisition, the director now directly owns 5,627 shares in the company, valued at $372,169.78. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Anthony F. Crudele sold 30,000 shares of the firm’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $76.40, for a total value of $2,292,000.00. Following the transaction, the chief financial officer now owns 85,366 shares in the company, valued at $6,521,962.40. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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Institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its position in Tractor Supply Company by 3.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 17,586,228 shares of the company’s stock valued at $1,184,432,000 after buying an additional 592,472 shares during the period. Vanguard Group Inc. raised its position in Tractor Supply Company by 1.7% in the second quarter. Vanguard Group Inc. now owns 11,625,336 shares of the company’s stock valued at $1,059,998,000 after buying an additional 189,876 shares during the period. Bank of New York Mellon Corp raised its position in Tractor Supply Company by 98.5% in the third quarter. Bank of New York Mellon Corp now owns 4,132,049 shares of the company’s stock valued at $278,294,000 after buying an additional 2,050,092 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Tractor Supply Company by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,498,192 shares of the company’s stock valued at $235,603,000 after buying an additional 33,926 shares during the period. Finally, BlackRock Fund Advisors raised its position in Tractor Supply Company by 3.5% in the third quarter. BlackRock Fund Advisors now owns 2,221,794 shares of the company’s stock valued at $149,638,000 after buying an additional 74,621 shares during the period. Institutional investors own 90.41% of the company’s stock.

About Tractor Supply Company

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company operates in the retail sale of products that support the rural lifestyle segment. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.

5 Day Chart for NASDAQ:TSCO

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