Tractor Supply (NASDAQ:TSCO) Receives Buy Rating from Guggenheim

Tractor Supply (NASDAQ:TSCO - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Guggenheim in a report released on Friday,Benzinga reports. They currently have a $60.00 price target on the specialty retailer's stock. Guggenheim's price target would indicate a potential upside of 11.03% from the stock's previous close.

TSCO has been the topic of a number of other research reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $67.00 target price on shares of Tractor Supply in a research report on Thursday, January 30th. Wedbush reiterated a "neutral" rating and issued a $54.00 price objective on shares of Tractor Supply in a research note on Friday, October 25th. Loop Capital boosted their target price on shares of Tractor Supply from $53.00 to $58.00 and gave the company a "hold" rating in a research report on Thursday, December 12th. Wells Fargo & Company cut their price target on Tractor Supply from $65.00 to $64.00 and set an "overweight" rating on the stock in a research report on Monday, November 25th. Finally, UBS Group upped their target price on Tractor Supply from $54.40 to $56.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $59.22.

Tractor Supply Stock Performance

TSCO stock traded down $0.54 during trading on Friday, reaching $54.04. The company had a trading volume of 6,171,136 shares, compared to its average volume of 5,628,117. The company has a market cap of $28.86 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. Tractor Supply has a twelve month low of $45.74 and a twelve month high of $61.53. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.20 and a current ratio of 1.43. The firm has a 50-day simple moving average of $55.19 and a 200-day simple moving average of $55.22.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $2.28 by ($1.84). Tractor Supply had a net margin of 7.40% and a return on equity of 49.01%. As a group, sell-side analysts expect that Tractor Supply will post 2.18 earnings per share for the current year.

Institutional Investors Weigh In On Tractor Supply

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. PrairieView Partners LLC boosted its position in Tractor Supply by 400.0% during the fourth quarter. PrairieView Partners LLC now owns 500 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 400 shares during the last quarter. Future Financial Wealth Managment LLC raised its holdings in Tractor Supply by 400.0% in the 4th quarter. Future Financial Wealth Managment LLC now owns 500 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 400 shares during the last quarter. Archer Investment Corp lifted its stake in Tractor Supply by 400.0% in the 4th quarter. Archer Investment Corp now owns 500 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 400 shares in the last quarter. Kentucky Trust Co acquired a new position in shares of Tractor Supply during the 4th quarter worth approximately $27,000. Finally, First Personal Financial Services purchased a new stake in shares of Tractor Supply in the third quarter valued at approximately $29,000. Institutional investors and hedge funds 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.