Wedbush Analysts Give Tractor Supply (TSCO) a $60.00 Price Target

Wedbush set a $60.00 price target on Tractor Supply (NASDAQ:TSCO) in a research report sent to investors on Monday, Marketbeat.com reports. The brokerage currently has a neutral rating on the specialty retailer’s stock. Wedbush also issued estimates for Tractor Supply’s Q1 2018 earnings at $0.55 EPS, Q2 2018 earnings at $1.60 EPS, FY2018 earnings at $4.04 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $1.74 EPS, Q3 2019 earnings at $0.91 EPS, Q4 2019 earnings at $1.16 EPS, FY2019 earnings at $4.43 EPS and FY2020 earnings at $4.89 EPS.

Several other equities research analysts have also issued reports on the stock. TheStreet raised shares of Tractor Supply from a c+ rating to a b rating in a report on Wednesday, December 20th. Zacks Investment Research raised shares of Tractor Supply from a hold rating to a buy rating and set a $83.00 target price for the company in a report on Tuesday, December 26th. Wolfe Research raised shares of Tractor Supply from a market perform rating to an outperform rating in a report on Wednesday, December 20th. BidaskClub raised shares of Tractor Supply from a buy rating to a strong-buy rating in a report on Saturday, January 6th. Finally, Guggenheim reissued a buy rating and issued a $88.00 target price on shares of Tractor Supply in a report on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the stock. Tractor Supply currently has a consensus rating of Hold and an average price target of $73.10.

Tractor Supply stock opened at $61.34 on Monday. The company has a market capitalization of $7,358.28, a P/E ratio of 18.42, a PEG ratio of 1.11 and a beta of 1.28. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $82.68. The company has a quick ratio of 0.24, a current ratio of 1.95 and a debt-to-equity ratio of 0.31.



Tractor Supply (NASDAQ:TSCO) last released its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.04. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.93 billion. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. analysts forecast that Tractor Supply will post 4.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s dividend payout ratio (DPR) is currently 32.43%.

In other Tractor Supply news, Director Edna Morris sold 1,054 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total transaction of $70,691.78. Following the completion of the sale, the director now directly owns 10,949 shares of the company’s stock, valued at approximately $734,349.43. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. OppenheimerFunds Inc. boosted its position in shares of Tractor Supply by 5.3% during the 4th quarter. OppenheimerFunds Inc. now owns 16,438 shares of the specialty retailer’s stock valued at $1,229,000 after acquiring an additional 823 shares during the last quarter. Mariner Wealth Advisors LLC boosted its position in shares of Tractor Supply by 3.6% during the 4th quarter. Mariner Wealth Advisors LLC now owns 24,787 shares of the specialty retailer’s stock valued at $1,853,000 after acquiring an additional 856 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Tractor Supply by 1.9% during the 4th quarter. Arizona State Retirement System now owns 47,260 shares of the specialty retailer’s stock valued at $3,533,000 after acquiring an additional 860 shares during the last quarter. Griffin Asset Management Inc. boosted its position in shares of Tractor Supply by 1.9% during the 4th quarter. Griffin Asset Management Inc. now owns 53,425 shares of the specialty retailer’s stock valued at $3,994,000 after acquiring an additional 1,010 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of Tractor Supply by 5.7% during the 4th quarter. Baird Financial Group Inc. now owns 19,288 shares of the specialty retailer’s stock valued at $1,442,000 after acquiring an additional 1,043 shares during the last quarter. Hedge funds and other institutional investors own 84.07% of the company’s stock.

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Tractor Supply Company Profile

Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm and ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The company operates its retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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