Tractor Supply (NASDAQ:TSCO) Given “Buy” Rating at Guggenheim

Tractor Supply (NASDAQ:TSCO)‘s stock had its “buy” rating restated by equities researchers at Guggenheim in a research report issued on Friday,Benzinga reports. They currently have a $60.00 price objective on the specialty retailer’s stock. Guggenheim’s price objective points to a potential upside of 11.49% from the company’s previous close.

Several other analysts have also weighed in on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $67.00 target price on shares of Tractor Supply in a research note on Thursday. Bank of America boosted their price target on shares of Tractor Supply from $44.00 to $53.00 and gave the stock an “underperform” rating in a research report on Thursday, January 16th. Wells Fargo & Company decreased their target price on Tractor Supply from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Evercore ISI raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th. Finally, Benchmark lifted their price target on Tractor Supply from $56.00 to $62.00 and gave the company a “buy” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.01.

Tractor Supply Trading Down 0.9 %

NASDAQ:TSCO traded down $0.48 during mid-day trading on Friday, reaching $53.82. The company’s stock had a trading volume of 706,162 shares, compared to its average volume of 5,098,741. Tractor Supply has a twelve month low of $44.35 and a twelve month high of $61.53. The company’s fifty day simple moving average is $55.28 and its two-hundred day simple moving average is $55.23. The stock has a market cap of $28.75 billion, a P/E ratio of 26.15, a P/E/G ratio of 3.29 and a beta of 0.84. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17.

Tractor Supply (NASDAQ:TSCO) last announced its earnings results on Thursday, January 30th. The specialty retailer reported $0.44 EPS for the quarter, missing the consensus estimate of $2.28 by ($1.84). Tractor Supply had a net margin of 7.53% and a return on equity of 50.19%. On average, equities analysts predict that Tractor Supply will post 2.05 EPS for the current year.

Institutional Trading of Tractor Supply

Several large investors have recently added to or reduced their stakes in TSCO. AQR Capital Management LLC increased its holdings in Tractor Supply by 8.0% during the 2nd quarter. AQR Capital Management LLC now owns 21,312 shares of the specialty retailer’s stock valued at $5,754,000 after purchasing an additional 1,572 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Tractor Supply by 9.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 18,726 shares of the specialty retailer’s stock worth $5,056,000 after purchasing an additional 1,553 shares during the last quarter. Quarry LP increased its stake in shares of Tractor Supply by 7,700.0% in the second quarter. Quarry LP now owns 156 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 154 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Tractor Supply in the second quarter valued at about $13,353,000. Finally, Czech National Bank raised its holdings in shares of Tractor Supply by 7.0% in the third quarter. Czech National Bank now owns 21,974 shares of the specialty retailer’s stock valued at $6,393,000 after buying an additional 1,429 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

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.