Tractor Supply (NASDAQ:TSCO) Downgraded to Hold Rating by Mizuho

Tractor Supply (NASDAQ:TSCO) was downgraded by analysts at Mizuho from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

TSCO has been the subject of a number of other research reports. DA Davidson cut their price objective on shares of Tractor Supply from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. Gordon Haskett boosted their price target on shares of Tractor Supply from $40.00 to $50.00 in a research note on Friday, June 12th. Wells Fargo & Company cut their price target on shares of Tractor Supply from $55.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Barclays reduced their price objective on shares of Tractor Supply from $51.00 to $44.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 22nd. Finally, Citigroup lowered their price objective on Tractor Supply from $55.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Thirteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tractor Supply presently has an average rating of “Hold” and an average price target of $44.62.

Tractor Supply Trading Up 1.8%

NASDAQ:TSCO opened at $30.12 on Thursday. Tractor Supply has a 12-month low of $28.36 and a 12-month high of $63.99. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86. The stock’s 50 day simple moving average is $30.95 and its 200-day simple moving average is $42.76. The firm has a market cap of $15.80 billion, a P/E ratio of 14.76, a PEG ratio of 2.24 and a beta of 0.46.

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

Institutional Investors Weigh In On Tractor Supply

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

About Tractor Supply

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.