Tractor Supply (NASDAQ:TSCO) Given New $55.00 Price Target at Citigroup

Tractor Supply (NASDAQ:TSCO) had its price target dropped by Citigroup from $61.00 to $55.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Citigroup’s target price would indicate a potential upside of 26.03% from the company’s current price.

A number of other analysts also recently commented on the stock. Morgan Stanley dropped their target price on shares of Tractor Supply from $60.00 to $57.00 and set an “equal weight” rating on the stock in a report on Friday, January 30th. Truist Financial set a $55.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a report on Friday, January 16th. DA Davidson reissued a “buy” rating and issued a $60.00 target price on shares of Tractor Supply in a research report on Friday, January 30th. Wall Street Zen downgraded shares of Tractor Supply from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Tractor Supply in a research report on Monday, December 29th. Fourteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.52.

Tractor Supply Price Performance

Shares of TSCO stock traded down $1.75 during midday trading on Tuesday, reaching $43.64. 5,090,285 shares of the company were exchanged, compared to its average volume of 6,942,557. Tractor Supply has a 12 month low of $43.23 and a 12 month high of $63.99. The company has a market cap of $22.96 billion, a P/E ratio of 21.08, a PEG ratio of 2.19 and a beta of 0.75. The company’s 50 day moving average price is $50.30 and its two-hundred day moving average price is $52.51. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.16 and a current ratio of 1.34.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, January 29th. The specialty retailer reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts expect that Tractor Supply will post 2.17 earnings per share for the current year.

Insider Activity

In other Tractor Supply news, CEO Harry A. Lawton III sold 84,670 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $53.16, for a total value of $4,501,057.20. Following the completion of the sale, the chief executive officer directly owned 606,842 shares of the company’s stock, valued at $32,259,720.72. The trade was a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jonathan S. Estep sold 59,745 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $54.03, for a total transaction of $3,228,022.35. Following the completion of the sale, the executive vice president directly owned 80,931 shares of the company’s stock, valued at $4,372,701.93. This represents a 42.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 222,348 shares of company stock valued at $11,959,621 in the last three months. 0.65% of the stock is currently owned by insiders.

Institutional Trading of Tractor Supply

Several large investors have recently added to or reduced their stakes in TSCO. Norges Bank bought a new stake in Tractor Supply in the fourth quarter worth approximately $303,862,000. Victory Capital Management Inc. lifted its stake in shares of Tractor Supply by 719.1% in the third quarter. Victory Capital Management Inc. now owns 4,508,661 shares of the specialty retailer’s stock worth $256,408,000 after buying an additional 3,958,205 shares during the last quarter. Select Equity Group L.P. lifted its stake in shares of Tractor Supply by 41.9% in the second quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock worth $670,887,000 after buying an additional 3,753,414 shares during the last quarter. APG Asset Management N.V. lifted its stake in shares of Tractor Supply by 505.1% in the third quarter. APG Asset Management N.V. now owns 4,329,556 shares of the specialty retailer’s stock worth $246,222,000 after buying an additional 3,614,097 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Tractor Supply by 18.4% in the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock worth $871,855,000 after buying an additional 2,706,819 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Key Tractor Supply News

Here are the key news stories impacting Tractor Supply this week:

• Positive Sentiment: Analysts and value screens are flagging TSCO as a potential rebound candidate because the shares are trading near their 52-week low, the dividend is intact and some research notes see upside once discretionary spending stabilizes. This frames TSCO as a beaten-down, defensive retail name with longer-term recovery potential. 3 Discounted Stocks With Strong Rebound Potential (TSCO)
• Neutral Sentiment: Bank of America reinstated coverage on TSCO with a Neutral rating and a $47 price target — the PT implies modest upside from current levels but the Neutral call signals limited near-term upside, so this is unlikely to spark a large rally. Tractor Supply Reinstated at Neutral by BofA as Discretionary Headwinds Limit Upside
• Neutral Sentiment: Tractor Supply launched an FFA-exclusive tote design contest tied to its Harvest Fest event, a PR/marketing initiative that supports community engagement and brand loyalty but is unlikely to move near-term revenue or profits materially. Tractor Supply Invites FFA Members Nationwide to Highlight “Life Out Here” in Harvest Fest Tote Bag Design Competition
• Negative Sentiment: Recent Q4 results showed TSCO missed top- and bottom-line estimates and discretionary categories were weak — that earnings miss and softer sales mix are the primary near-term catalyst pressuring the stock as investors worry about consumer discretionary spending trends. Q4 rundown: Tractor Supply (NASDAQ:TSCO) vs other specialty retail stocks

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.