Tractor Supply’s (TSCO) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Tractor Supply (NASDAQ:TSCO)‘s stock had its “outperform” rating restated by Telsey Advisory Group in a report released on Thursday,Benzinga reports. They presently have a $67.00 price objective on the specialty retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 23.25% from the stock’s previous close. Telsey Advisory Group also issued estimates for Tractor Supply’s Q4 2024 earnings at $0.46 EPS, FY2024 earnings at $2.06 EPS, Q1 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.51 EPS and FY2026 earnings at $2.45 EPS.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Tractor Supply from $52.00 to $58.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Gordon Haskett downgraded shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Robert W. Baird set a $64.00 price target on Tractor Supply in a research note on Thursday, October 17th. Benchmark increased their price objective on Tractor Supply from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Mizuho boosted their target price on Tractor Supply from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Tractor Supply has a consensus rating of “Moderate Buy” and an average price target of $58.90.

Tractor Supply Stock Up 0.1 %

Shares of Tractor Supply stock opened at $54.36 on Thursday. The stock has a market cap of $29.04 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 3.29 and a beta of 0.84. Tractor Supply has a 1 year low of $44.35 and a 1 year high of $61.53. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. The firm’s 50-day moving average is $55.24 and its two-hundred day moving average is $55.23.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by ($1.84). Tractor Supply had a return on equity of 50.19% and a net margin of 7.53%. As a group, research analysts expect that Tractor Supply will post 2.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tractor Supply

Hedge funds have recently bought and sold shares of the business. Meridiem Investment Management Ltd. grew its stake in Tractor Supply by 398.9% in the fourth quarter. Meridiem Investment Management Ltd. now owns 5,118,785 shares of the specialty retailer’s stock worth $271,674,000 after purchasing an additional 4,092,808 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Tractor Supply by 3.5% during the third quarter. Wellington Management Group LLP now owns 4,740,864 shares of the specialty retailer’s stock worth $1,379,260,000 after acquiring an additional 161,503 shares during the last quarter. State Street Corp increased its stake in shares of Tractor Supply by 1.1% in the third quarter. State Street Corp now owns 4,518,341 shares of the specialty retailer’s stock valued at $1,314,521,000 after purchasing an additional 47,951 shares during the period. Provident Trust Co. raised its stake in Tractor Supply by 397.4% during the 4th quarter. Provident Trust Co. now owns 3,380,905 shares of the specialty retailer’s stock valued at $179,391,000 after acquiring an additional 2,701,204 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Tractor Supply by 1.5% in the third quarter. Geode Capital Management LLC now owns 2,885,688 shares of the specialty retailer’s stock worth $837,156,000 after purchasing an additional 43,998 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.