Credit Suisse Group set a $54.00 target price on Tractor Supply Company (NASDAQ:TSCO) in a report published on Thursday morning. The brokerage currently has a hold rating on the specialty retailer’s stock.

A number of other research analysts have also weighed in on the company. Deutsche Bank AG restated a hold rating and issued a $54.00 target price (down previously from $69.00) on shares of Tractor Supply in a report on Thursday. Guggenheim restated a buy rating and issued a $70.00 target price (down previously from $80.00) on shares of Tractor Supply in a report on Thursday. Oppenheimer Holdings, Inc. restated a hold rating on shares of Tractor Supply in a report on Thursday. Piper Jaffray Companies set a $55.00 target price on Tractor Supply and gave the company a hold rating in a report on Tuesday, July 25th. Finally, Barclays PLC restated an overweight rating and issued a $70.00 target price (down previously from $90.00) on shares of Tractor Supply in a report on Saturday, July 22nd. Nineteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $74.91.

Tractor Supply (NASDAQ TSCO) opened at 56.62 on Thursday. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 17.11 and a beta of 1.32. The firm’s 50 day moving average price is $53.42 and its 200 day moving average price is $63.89. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $92.11.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.27 by $0.02. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the business earned $1.16 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities research analysts anticipate that Tractor Supply will post $3.30 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in TSCO. Bronfman E.L. Rothschild L.P. boosted its position in shares of Tractor Supply by 3.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock valued at $172,000 after buying an additional 91 shares during the period. Dynamic Advisors Solutions LLC boosted its position in shares of Tractor Supply by 3.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 3,065 shares of the specialty retailer’s stock valued at $211,000 after buying an additional 100 shares during the period. Koch Industries Inc. bought a new position in shares of Tractor Supply during the first quarter valued at $216,000. Gofen & Glossberg LLC IL boosted its position in shares of Tractor Supply by 6.7% in the first quarter. Gofen & Glossberg LLC IL now owns 3,165 shares of the specialty retailer’s stock valued at $218,000 after buying an additional 200 shares during the period. Finally, Cleararc Capital Inc. boosted its position in shares of Tractor Supply by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the specialty retailer’s stock valued at $221,000 after buying an additional 29 shares during the period. Institutional investors own 91.51% of the company’s stock.

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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