Tractor Supply (NASDAQ:TSCO) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 4,140,000 shares, an increase of 12.8% from the August 30th total of 3,670,000 shares. Approximately 3.5% of the shares of the company are short sold. Based on an average trading volume of 1,260,000 shares, the short-interest ratio is currently 3.3 days.
Shares of NASDAQ TSCO opened at $93.79 on Wednesday. The stock has a market cap of $11.25 billion, a PE ratio of 21.76, a PEG ratio of 1.80 and a beta of 1.06. The business has a fifty day moving average of $95.92 and a two-hundred day moving average of $102.64. Tractor Supply has a 52-week low of $78.67 and a 52-week high of $114.25. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.16 and a current ratio of 1.52.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $1.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.81 by ($0.01). The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Tractor Supply had a net margin of 6.71% and a return on equity of 36.12%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.69 earnings per share. Analysts predict that Tractor Supply will post 4.74 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Tractor Supply by 11.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 233,761 shares of the specialty retailer’s stock valued at $22,852,000 after buying an additional 24,644 shares during the last quarter. Meridian Wealth Management LLC acquired a new stake in Tractor Supply in the first quarter worth about $146,000. Marshall Wace LLP increased its position in Tractor Supply by 145.0% in the first quarter. Marshall Wace LLP now owns 274,521 shares of the specialty retailer’s stock worth $26,837,000 after purchasing an additional 162,452 shares during the period. Cerebellum GP LLC increased its position in Tractor Supply by 12.0% in the first quarter. Cerebellum GP LLC now owns 3,461 shares of the specialty retailer’s stock worth $338,000 after purchasing an additional 372 shares during the period. Finally, Nordea Investment Management AB increased its position in Tractor Supply by 27.7% in the first quarter. Nordea Investment Management AB now owns 971,687 shares of the specialty retailer’s stock worth $94,992,000 after purchasing an additional 210,783 shares during the period. 82.91% of the stock is owned by institutional investors.
TSCO has been the topic of several research analyst reports. Wells Fargo & Co lowered their price objective on shares of Tractor Supply from $125.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday. Zacks Investment Research raised Tractor Supply from a “sell” rating to a “hold” rating and set a $98.00 target price for the company in a research report on Friday, October 4th. Piper Jaffray Companies raised their target price on Tractor Supply from $114.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Telsey Advisory Group reduced their target price on Tractor Supply from $113.00 to $108.00 and set a “market perform” rating for the company in a research report on Friday, August 23rd. Finally, Northcoast Research raised Tractor Supply from a “neutral” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Tractor Supply has an average rating of “Buy” and an average target price of $106.95.
About Tractor Supply
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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