Robert W. Baird Has Lowered Expectations for Tractor Supply (NASDAQ:TSCO) Stock Price

Tractor Supply (NASDAQ:TSCO) had its target price cut by equities research analysts at Robert W. Baird from $50.00 to $38.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. Robert W. Baird’s price objective points to a potential upside of 24.55% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the company. Weiss Ratings cut Tractor Supply from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 8th. Stephens dropped their price target on Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 22nd. Jefferies Financial Group restated a “buy” rating and set a $51.00 price target on shares of Tractor Supply in a report on Tuesday, April 21st. Piper Sandler set a $32.00 price objective on Tractor Supply and gave the stock a “neutral” rating in a report on Tuesday, June 16th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Tractor Supply in a report on Wednesday. Thirteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.88.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO opened at $30.51 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. The firm has a fifty day moving average price of $30.65 and a 200 day moving average price of $41.88. Tractor Supply has a fifty-two week low of $28.36 and a fifty-two week high of $63.99. The firm has a market cap of $16.00 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 2.35 and a beta of 0.46.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, sell-side analysts expect that Tractor Supply will post 2.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tractor Supply

Large investors have recently added to or reduced their stakes in the stock. JPL Wealth Management LLC purchased a new position in Tractor Supply during the third quarter worth $28,000. Garner Asset Management Corp purchased a new stake in shares of Tractor Supply in the fourth quarter valued at $25,000. Reflection Asset Management purchased a new stake in shares of Tractor Supply in the fourth quarter valued at $26,000. Core Wealth Advisors LLC bought a new stake in shares of Tractor Supply in the 4th quarter worth about $27,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of Tractor Supply in the 4th quarter worth about $27,000. 98.72% of the stock is owned by institutional investors.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.