Argus Cuts Tractor Supply (NASDAQ:TSCO) Price Target to $40.00

Tractor Supply (NASDAQ:TSCO) had its price target trimmed by Argus from $50.00 to $40.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the specialty retailer’s stock.

Several other brokerages have also issued reports on TSCO. Loop Capital cut their target price on shares of Tractor Supply from $41.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, June 16th. Morgan Stanley reaffirmed a “negative” rating and issued a $35.00 price target on shares of Tractor Supply in a research note on Friday, July 24th. TD Cowen reiterated a “hold” rating on shares of Tractor Supply in a report on Wednesday, July 15th. Evercore reissued an “outperform” rating and set a $40.00 price objective on shares of Tractor Supply in a research report on Tuesday, July 7th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $38.00 target price (down from $43.00) on shares of Tractor Supply in a research note on Friday, July 24th. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.31.

Tractor Supply Price Performance

Shares of TSCO opened at $30.21 on Tuesday. Tractor Supply has a 52-week low of $28.36 and a 52-week high of $62.89. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. The business’s 50 day moving average price is $30.60 and its two-hundred day moving average price is $40.62. The firm has a market cap of $15.84 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 10.08 and a beta of 0.46.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, equities analysts anticipate that Tractor Supply will post 1.93 EPS for the current year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Wednesday, May 27th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Wednesday, May 27th. Tractor Supply’s payout ratio is 50.00%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Garner Asset Management Corp bought a new stake in shares of Tractor Supply during the fourth quarter worth about $25,000. Elevation Wealth Partners LLC lifted its position in Tractor Supply by 1,253.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 727 shares in the last quarter. Reflection Asset Management acquired a new position in Tractor Supply during the 4th quarter valued at about $26,000. Core Wealth Advisors LLC bought a new stake in Tractor Supply during the 4th quarter worth approximately $27,000. Finally, Community Financial Services Group LLC raised its stake in shares of Tractor Supply by 3,240.0% in the second quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 810 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

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.