Tractor Supply (NASDAQ:TSCO) Price Target Lowered to $40.00 at Raymond James Financial

Tractor Supply (NASDAQ:TSCO) had its price objective lowered by equities researchers at Raymond James Financial from $48.00 to $40.00 in a research note issued on Friday, MarketBeat reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Raymond James Financial’s price objective suggests a potential upside of 28.99% from the company’s current price.

Several other analysts also recently weighed in on the company. The Goldman Sachs Group dropped their price target on Tractor Supply from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. TD Cowen restated a “hold” rating on shares of Tractor Supply in a research report on Wednesday. Argus dropped their target price on Tractor Supply from $64.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Barclays set a $35.00 price target on Tractor Supply and gave the company an “equal weight” rating in a research note on Monday. Finally, Piper Sandler set a $32.00 price target on Tractor Supply and gave the stock a “neutral” rating in a report on Tuesday, June 16th. Thirteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $41.73.

Tractor Supply Stock Performance

Shares of TSCO stock opened at $31.01 on Friday. The firm has a market cap of $16.26 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 2.29 and a beta of 0.46. The company’s 50 day moving average is $30.66 and its 200 day moving average is $42.02. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. Tractor Supply has a 52-week low of $28.36 and a 52-week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last released 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). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the company posted $0.34 earnings per share. The business’s quarterly revenue 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. On average, sell-side analysts anticipate that Tractor Supply will post 2.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TSCO. Capital International Investors boosted its stake in Tractor Supply by 3.9% during the 4th quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock worth $1,214,390,000 after purchasing an additional 902,659 shares during the last quarter. State Street Corp raised its position in shares of Tractor Supply by 0.7% in the fourth quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock valued at $1,152,819,000 after buying an additional 162,774 shares during the last quarter. 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 in the last quarter. Geode Capital Management LLC boosted its position in Tractor Supply by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock worth $791,703,000 after acquiring an additional 184,457 shares during the last quarter. Finally, Capital World Investors boosted its position in Tractor Supply by 2.3% during the fourth quarter. Capital World Investors now owns 15,157,047 shares of the specialty retailer’s stock worth $758,004,000 after acquiring an additional 336,040 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

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.