Telsey Advisory Group Lowers Tractor Supply (NASDAQ:TSCO) Price Target to $40.00

Tractor Supply (NASDAQ:TSCO) had its target price lowered by Telsey Advisory Group from $52.00 to $40.00 in a note issued to investors on Tuesday. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Telsey Advisory Group’s target price would suggest a potential upside of 32.28% from the stock’s previous close.

A number of other analysts have also recently commented on TSCO. Weiss Ratings cut shares of Tractor Supply from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. The Goldman Sachs Group decreased their price target on shares of Tractor Supply from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Morgan Stanley lowered their price objective on Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 22nd. Truist Financial set a $32.00 price objective on Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, June 16th. Finally, Mizuho set a $32.00 target price on Tractor Supply and gave the company a “neutral” rating in a report on Thursday. Thirteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.81.

Tractor Supply Price Performance

Tractor Supply stock opened at $30.24 on Tuesday. The company’s fifty day moving average price is $30.76 and its 200 day moving average price is $42.47. Tractor Supply has a 1 year low of $28.36 and a 1 year high of $63.99. The stock has a market capitalization of $15.86 billion, a P/E ratio of 14.82, a P/E/G ratio of 2.31 and a beta of 0.46. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.Tractor Supply’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, equities research analysts anticipate that Tractor Supply will post 2.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TSCO. Bison Wealth LLC grew its stake in shares of Tractor Supply by 356.1% in the 4th quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock valued at $341,000 after buying an additional 5,017 shares during the period. Woodline Partners LP grew its holdings in shares of Tractor Supply by 40.7% during the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock worth $2,487,000 after purchasing an additional 13,051 shares during the period. Intech Investment Management LLC raised its holdings in Tractor Supply by 26.9% in the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock valued at $1,442,000 after buying an additional 5,542 shares during the period. Sei Investments Co. lifted its position in Tractor Supply by 1.2% in the second quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock valued at $16,676,000 after buying an additional 3,631 shares during the last quarter. Finally, Glenview Trust co boosted its stake in Tractor Supply by 36.0% during the second quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock worth $1,036,000 after buying an additional 5,194 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

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.