Tractor Supply (NASDAQ: TSCO)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, ARN reports. They currently have a $137.00 target price on the stock, up from their previous target price of $120.00. Deutsche Bank’s price target would suggest a potential upside of 11.77% from the company’s current price.
The analysts wrote, “TSCO reports 2Q13 earnings after market close on Wednesday, July 24. We are forecasting EPS of $1.69 on comps of 6% vs FactSet consensus of $1.71 on comps of 5.5%. TSCO did not provide specific guidance on the quarter, but they will incur $0.06 of expenses related to its HQ relocation and DC build out in 2Q13 and 3Q13. We maintain our Buy rating driven by above-average unit growth, multiple comp and margin drivers, and above average operating margin and EPS growth.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. set a $140.00 price target on shares of Tractor Supply in a research note to investors on Wednesday, July 10th. Separately, analysts at Nomura downgraded shares of Tractor Supply from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, July 2nd. They now have a $120.00 price target on the stock. Finally, analysts at Northcoast Research initiated coverage on shares of Tractor Supply in a research note to investors on Wednesday, June 5th. They set a “buy” rating on the stock.
Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $119.71.
Tractor Supply (NASDAQ: TSCO) last announced its earnings results on Wednesday, April 24th. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Tractor Supply has set its FY13 guidance at $4.38-$4.47 EPS.
Tractor Supply Company is an operator of retail farm and ranch stores in the United States. The Company operates retail stores under the names Tractor Supply Company and Del’s Farm Supply and operate a Website under the name TractorSupply.