Guggenheim restated their buy rating on shares of Tractor Supply Company (NASDAQ:TSCO) in a report released on Thursday. They currently have a $70.00 price target on the specialty retailer’s stock, down from their prior price target of $80.00.

A number of other equities research analysts also recently issued reports on the stock. TheStreet downgraded shares of Tractor Supply from a b rating to a c+ rating in a research report on Wednesday, April 12th. Wedbush reduced their price target on shares of Tractor Supply from $83.00 to $80.00 and set an outperform rating for the company in a research report on Friday, April 28th. Zacks Investment Research upgraded shares of Tractor Supply from a sell rating to a hold rating in a research report on Thursday, April 27th. CIBC downgraded shares of Tractor Supply from an outperform rating to a market perform rating in a research report on Thursday, May 4th. Finally, Oppenheimer Holdings, Inc. set a $88.00 price target on shares of Tractor Supply and gave the company a buy rating in a research report on Thursday, April 27th. Nineteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $74.91.

Shares of Tractor Supply (NASDAQ:TSCO) opened at 56.62 on Thursday. Tractor Supply has a 1-year low of $49.87 and a 1-year high of $92.11. The firm’s 50-day moving average price is $53.42 and its 200 day moving average price is $63.89. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 17.11 and a beta of 1.32.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the business posted $1.16 earnings per share. Tractor Supply’s revenue was up 8.9% on a year-over-year basis. Equities research analysts expect that Tractor Supply will post $3.30 earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its stake in Tractor Supply by 218.8% in the first quarter. Clearbridge Investments LLC now owns 666,329 shares of the specialty retailer’s stock valued at $45,957,000 after buying an additional 457,348 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Tractor Supply by 2.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 419,568 shares of the specialty retailer’s stock valued at $28,938,000 after buying an additional 9,351 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Tractor Supply during the first quarter valued at approximately $1,655,000. WCM Investment Management CA boosted its stake in Tractor Supply by 2.2% in the first quarter. WCM Investment Management CA now owns 437,624 shares of the specialty retailer’s stock valued at $30,183,000 after buying an additional 9,425 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its stake in Tractor Supply by 276.8% in the first quarter. Engineers Gate Manager LP now owns 60,810 shares of the specialty retailer’s stock valued at $4,194,000 after buying an additional 44,673 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other 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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