Tractor Supply Company (NASDAQ:TSCO) – Research analysts at Oppenheimer Holdings upped their FY2017 earnings per share (EPS) estimates for shares of Tractor Supply in a note issued to investors on Thursday. Oppenheimer Holdings analyst B. Nagel now forecasts that the specialty retailer will post earnings per share of $3.27 for the year, up from their prior forecast of $3.24. Oppenheimer Holdings has a “Hold” rating on the stock.
A number of other research analysts also recently weighed in on the company. Bank of America Corporation reissued a “buy” rating and issued a $69.00 price target on shares of Tractor Supply in a research note on Tuesday, September 5th. Barclays PLC reissued an “overweight” rating and issued a $70.00 price target (down previously from $90.00) on shares of Tractor Supply in a research note on Saturday, July 22nd. Credit Suisse Group reissued a “hold” rating and issued a $54.00 price target on shares of Tractor Supply in a research note on Wednesday, September 13th. Guggenheim reissued a “buy” rating and issued a $70.00 price target (down previously from $80.00) on shares of Tractor Supply in a research note on Thursday, July 27th. Finally, Zacks Investment Research downgraded Tractor Supply from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Fourteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $68.63.
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Tractor Supply (NASDAQ TSCO) opened at 60.49 on Monday. Tractor Supply has a one year low of $49.87 and a one year high of $78.25. The company has a 50 day moving average price of $60.67 and a 200-day moving average price of $57.70. The firm has a market capitalization of $7.66 billion, a PE ratio of 18.28 and a beta of 1.30.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS.
A number of hedge funds have recently added to or reduced their stakes in TSCO. Ameriprise Financial Inc. increased its holdings in Tractor Supply by 1.3% during the 1st quarter. Ameriprise Financial Inc. now owns 54,944 shares of the specialty retailer’s stock worth $3,791,000 after purchasing an additional 718 shares in the last quarter. OppenheimerFunds Inc. increased its holdings in Tractor Supply by 24.4% during the 1st quarter. OppenheimerFunds Inc. now owns 12,005 shares of the specialty retailer’s stock worth $828,000 after purchasing an additional 2,352 shares in the last quarter. Teachers Advisors LLC increased its holdings in Tractor Supply by 4.0% during the 1st quarter. Teachers Advisors LLC now owns 244,118 shares of the specialty retailer’s stock worth $16,837,000 after purchasing an additional 9,291 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Tractor Supply by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 485,313 shares of the specialty retailer’s stock worth $33,471,000 after purchasing an additional 14,543 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in Tractor Supply during the 1st quarter worth about $248,000. Hedge funds and other institutional investors own 92.18% of the company’s stock.
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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