Tractor Supply’s (TSCO) Hold Rating Reaffirmed at BMO Capital Markets
BMO Capital Markets restated their hold rating on shares of Tractor Supply Company (NASDAQ:TSCO) in a research report sent to investors on Thursday. BMO Capital Markets currently has a $61.00 target price on the specialty retailer’s stock.
Several other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Tractor Supply from a strong sell rating to a hold rating in a research report on Friday, October 27th. Piper Jaffray Companies restated a hold rating and set a $56.00 price target on shares of Tractor Supply in a research report on Friday, October 27th. Credit Suisse Group set a $52.00 price target on shares of Tractor Supply and gave the stock a hold rating in a research report on Thursday, October 26th. Deutsche Bank AG lowered their price target on shares of Tractor Supply from $54.00 to $51.00 and set a hold rating on the stock in a research report on Thursday, October 26th. Finally, Robert W. Baird set a $66.00 target price on shares of Tractor Supply and gave the stock a buy rating in a research note on Thursday, October 26th. Fourteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Tractor Supply has a consensus rating of Hold and a consensus target price of $68.63.
Shares of Tractor Supply (NASDAQ TSCO) traded down $0.69 during trading on Thursday, hitting $58.97. 1,861,428 shares of the company traded hands, compared to its average volume of 2,577,706. The company has a current ratio of 2.00, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $78.25. The stock has a market capitalization of $7,471.26, a PE ratio of 17.50, a PEG ratio of 1.31 and a beta of 1.29.
Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the business earned $0.67 earnings per share. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. analysts predict that Tractor Supply will post 3.28 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of TSCO. Global X MANAGEMENT CO LLC boosted its stake in shares of Tractor Supply by 191.7% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,785 shares of the specialty retailer’s stock worth $113,000 after purchasing an additional 1,173 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Tractor Supply by 15.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 317 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Tractor Supply during the 2nd quarter worth about $139,000. Bristlecone Advisors LLC acquired a new stake in shares of Tractor Supply during the 3rd quarter worth about $173,000. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in shares of Tractor Supply by 33.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock worth $180,000 after purchasing an additional 828 shares during the last quarter. 92.18% of the stock is currently owned by hedge funds and other institutional investors.
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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