Tractor Supply Company (TSCO) Receives “Hold” Rating from KeyCorp
Tractor Supply Company (NASDAQ:TSCO)‘s stock had its “hold” rating restated by analysts at KeyCorp in a report issued on Friday.
Several other analysts also recently weighed in on TSCO. Robert W. Baird restated a “buy” rating and set a $66.00 price objective on shares of Tractor Supply in a research report on Friday. Piper Jaffray Companies restated a “hold” rating and set a $57.00 price objective on shares of Tractor Supply in a research report on Friday, September 29th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Tractor Supply in a report on Thursday, July 27th. BMO Capital Markets reaffirmed a “hold” rating and issued a $61.00 target price on shares of Tractor Supply in a report on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Fifteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Tractor Supply presently has an average rating of “Hold” and a consensus target price of $68.63.
Shares of Tractor Supply (NASDAQ TSCO) traded up $0.79 during trading hours on Friday, hitting $62.67. 3,016,000 shares of the stock traded hands, compared to its average volume of 2,221,732. The stock has a market cap of $7,769.92, a P/E ratio of 18.36, a PEG ratio of 1.35 and a beta of 1.29. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38. Tractor Supply has a twelve month low of $49.87 and a twelve month high of $78.25.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.68 billion. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. equities research analysts expect that Tractor Supply will post 3.28 EPS for the current fiscal year.
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Several large investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in shares of Tractor Supply by 10.8% during the 3rd quarter. Wells Fargo & Company MN now owns 1,715,032 shares of the specialty retailer’s stock worth $108,545,000 after purchasing an additional 167,097 shares during the period. Zeke Capital Advisors LLC acquired a new position in shares of Tractor Supply during the 3rd quarter worth $313,000. Achmea Investment Management B.V. grew its stake in shares of Tractor Supply by 71.4% during the 3rd quarter. Achmea Investment Management B.V. now owns 22,089 shares of the specialty retailer’s stock worth $1,395,000 after purchasing an additional 9,198 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Tractor Supply by 55.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 83,259 shares of the specialty retailer’s stock worth $5,255,000 after purchasing an additional 29,738 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Tractor Supply by 5.9% during the 3rd quarter. Legal & General Group Plc now owns 682,968 shares of the specialty retailer’s stock worth $43,224,000 after purchasing an additional 37,929 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.
Tractor Supply Company Profile
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.
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