Tractor Supply Company (NASDAQ:TSCO) – Stock analysts at Wedbush boosted their Q3 2018 EPS estimates for shares of Tractor Supply in a report released on Thursday. Wedbush analyst S. Basham now anticipates that the specialty retailer will post earnings of $0.75 per share for the quarter, up from their previous estimate of $0.74. Wedbush currently has a “Outperform” rating and a $72.00 target price on the stock.
Other analysts also recently issued reports about the company. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Tractor Supply in a report on Thursday, July 27th. UBS AG downgraded Tractor Supply from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $62.00 to $67.00 in a report on Monday, October 2nd. Deutsche Bank AG dropped their price objective on Tractor Supply from $54.00 to $51.00 and set a “hold” rating for the company in a report on Thursday, October 26th. Robert W. Baird set a $62.00 price objective on Tractor Supply and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, Guggenheim restated a “buy” rating and set a $70.00 price objective (down from $80.00) on shares of Tractor Supply in a report on Thursday, July 27th. Fourteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $68.63.
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Shares of Tractor Supply (NASDAQ TSCO) traded down 0.13% during trading on Monday, reaching $60.41. The company had a trading volume of 1,490,249 shares. The firm’s 50 day moving average price is $60.67 and its 200 day moving average price is $57.70. The firm has a market capitalization of $7.65 billion, a P/E ratio of 18.26 and a beta of 1.30. Tractor Supply has a 12 month low of $49.87 and a 12 month high of $78.25.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the business posted $0.67 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year.
Institutional investors have recently made changes to their positions in the company. Commonwealth Bank of Australia grew its stake in shares of Tractor Supply by 15.4% during the second quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 317 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Tractor Supply during the second quarter valued at about $139,000. Bristlecone Advisors LLC acquired a new stake in shares of Tractor Supply during the third quarter valued at about $173,000. Bronfman E.L. Rothschild L.P. grew its stake in shares of Tractor Supply by 33.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock valued at $180,000 after acquiring an additional 828 shares in the last quarter. Finally, Globeflex Capital L P acquired a new stake in shares of Tractor Supply during the second quarter valued at about $206,000. 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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