Tractor Supply (NASDAQ:TSCO – Get Free Report)‘s stock had its “neutral” rating reissued by research analysts at Wedbush in a research report issued on Friday, Benzinga reports. They presently have a $270.00 price objective on the specialty retailer’s stock. Wedbush’s price objective would indicate a potential upside of 1.86% from the stock’s current price.
Other equities analysts also recently issued reports about the company. Raymond James raised their price objective on Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Robert W. Baird lifted their target price on Tractor Supply from $260.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Wells Fargo & Company lifted their target price on Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday. TD Cowen lifted their target price on Tractor Supply from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Tractor Supply in a report on Thursday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Tractor Supply currently has an average rating of “Hold” and an average price target of $256.00.
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Tractor Supply Trading Up 3.0 %
Tractor Supply (NASDAQ:TSCO – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.94 by ($0.01). Tractor Supply had a return on equity of 52.99% and a net margin of 7.66%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter last year, the business earned $3.83 earnings per share. Tractor Supply’s revenue was up 1.6% compared to the same quarter last year. On average, research analysts anticipate that Tractor Supply will post 10.33 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of TSCO. Future Financial Wealth Managment LLC bought a new position in shares of Tractor Supply during the 1st quarter worth $26,000. LRI Investments LLC bought a new position in shares of Tractor Supply during the 1st quarter worth $28,000. Rise Advisors LLC grew its stake in shares of Tractor Supply by 157.1% during the 1st quarter. Rise Advisors LLC now owns 108 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 66 shares during the period. J.Safra Asset Management Corp grew its stake in shares of Tractor Supply by 700.0% during the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 98 shares during the period. Finally, Private Wealth Management Group LLC bought a new position in shares of Tractor Supply during the 4th quarter worth $27,000. Institutional investors own 98.72% of the company’s stock.
Tractor Supply Company Profile
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.
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