Barclays Reiterates an 'Overweight' on Tractor Supply Co (TSCO); Remains a Top Pick

Barclays reiterates an 'Overweight' on Tractor Supply Company (NASDAQ: TSCO) price target of $120.00.

Analyst, Alan M. Rifkin, said, "TSCO pre-announced impressive 1Q comps of 11.5% and raised guidance...Average ticket for the quarter increased by 7.1%. We estimate that inflation benefitted average ticket by 400 bps, an increase in units provided 200 bps of support and an increase in big ticket provided 100 bps of support...We reiterate our positive stance on TSCO based on the company's growth potential, margin expansion opportunities and focus on ROIC."

Barclays 2012 EPS estimate is $3.70.

For an analyst ratings summary and ratings history on Tractor Supply Company click here. For more ratings news on Tractor Supply Company click here.

Shares of Tractor Supply Company closed at $99.66 yesterday.

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