Tractor Supply (NASDAQ:TSCO) PT, EPS Raised on Guidance

Tractor Supply Company (NASDAQ:TSCO) gave solid guidance for full year 2011 in their earnings report, and Wedbush responded by raising their price target and EPS estimate on the company.

Tractor Supply also beat the Street's EPS estimate for the fourth quarter, generating $0.67 a share, 5 cents higher than projections.

Wedbush boosted their full year 2011 EPS estimate to from $2.50 to $2.60, based on guidance that was a little higher than before from Tractor Supply.

With the agriculture sector continuing to heat up, Wedbush sees Tractor Supply in a probable long-term growth cycle.

Wedbush reiterates their "Outperform" rating on Tractor Supply, which closed Thursday at $53.01, up $4.46, or 9.19 percent. Wedbush raised their price target on TSCO from $52 to $56.