Tractor Supply Company (NASDAQ:TSCO) – Investment analysts at Northcoast Research lifted their FY2017 earnings per share estimates for Tractor Supply in a research report issued on Friday. Northcoast Research analyst C. Cerankosky now expects that the specialty retailer will post earnings per share of $3.28 for the year, up from their prior estimate of $3.27. Northcoast Research also issued estimates for Tractor Supply’s Q4 2017 earnings at $0.85 EPS and FY2018 earnings at $3.65 EPS.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the company posted $0.67 EPS. The business’s quarterly revenue was up 11.6% on a year-over-year basis.

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Other analysts have also issued reports about the stock. Bank of America Corporation reiterated a “buy” rating and set a $69.00 target price on shares of Tractor Supply in a report on Tuesday, September 5th. Robert W. Baird set a $62.00 target price on shares of Tractor Supply and gave the stock a “buy” rating in a report on Friday, August 25th. Guggenheim reiterated a “buy” rating and set a $70.00 target price (down from $80.00) on shares of Tractor Supply in a report on Thursday, July 27th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Tractor Supply in a report on Thursday, July 27th. Finally, Piper Jaffray Companies set a $55.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a report on Tuesday, July 25th. Fourteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Tractor Supply has an average rating of “Hold” and an average target price of $68.63.

Tractor Supply (TSCO) opened at 60.49 on Monday. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 18.28 and a beta of 1.30. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $78.25. The stock has a 50 day moving average price of $60.67 and a 200 day moving average price of $57.70.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Tractor Supply by 1.4% during the second quarter. Vanguard Group Inc. now owns 12,519,767 shares of the specialty retailer’s stock valued at $678,696,000 after purchasing an additional 170,986 shares in the last quarter. BlackRock Inc. increased its stake in shares of Tractor Supply by 1.7% during the second quarter. BlackRock Inc. now owns 7,968,825 shares of the specialty retailer’s stock valued at $431,989,000 after purchasing an additional 133,235 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Tractor Supply by 7,599.1% during the second quarter. Ameriprise Financial Inc. now owns 4,230,168 shares of the specialty retailer’s stock valued at $229,319,000 after purchasing an additional 4,175,224 shares in the last quarter. Fiera Capital Corp increased its stake in shares of Tractor Supply by 14.9% during the second quarter. Fiera Capital Corp now owns 3,700,846 shares of the specialty retailer’s stock valued at $200,623,000 after purchasing an additional 480,717 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Tractor Supply by 531.0% during the second quarter. Janus Henderson Group PLC now owns 2,136,401 shares of the specialty retailer’s stock valued at $115,813,000 after acquiring an additional 1,797,802 shares in the last quarter. 92.18% of the stock is owned by institutional investors and hedge funds.

About Tractor Supply

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.

Earnings History and Estimates for Tractor Supply (NASDAQ:TSCO)

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