Tractor Supply (NASDAQ:TSCO – Get Free Report) had its target price lowered by research analysts at Evercore from $50.00 to $45.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Evercore’s target price points to a potential upside of 41.40% from the stock’s current price.
Other analysts have also issued reports about the stock. Guggenheim reiterated a “buy” rating and issued a $60.00 price target (down from $65.00) on shares of Tractor Supply in a research note on Thursday, April 23rd. Jefferies Financial Group reissued a “buy” rating and set a $51.00 price target on shares of Tractor Supply in a report on Tuesday, April 21st. Daiwa Securities Group reduced their price objective on Tractor Supply from $52.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Argus cut their price target on Tractor Supply from $64.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Finally, Gordon Haskett lowered their price objective on shares of Tractor Supply from $50.00 to $40.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.19.
View Our Latest Report on Tractor Supply
Tractor Supply Stock Up 0.3%
Tractor Supply (NASDAQ:TSCO – Get Free Report) last issued its 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). The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, sell-side analysts expect that Tractor Supply will post 2.14 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Sunbelt Securities Inc. raised its stake in Tractor Supply by 2.6% during the 1st quarter. Sunbelt Securities Inc. now owns 18,564 shares of the specialty retailer’s stock valued at $841,000 after purchasing an additional 469 shares during the period. EverSource Wealth Advisors LLC raised its stake in Tractor Supply by 9.4% during the first quarter. EverSource Wealth Advisors LLC now owns 4,904 shares of the specialty retailer’s stock valued at $222,000 after purchasing an additional 421 shares in the last quarter. Resources Management Corp CT ADV lifted its holdings in shares of Tractor Supply by 3.3% in the 1st quarter. Resources Management Corp CT ADV now owns 113,560 shares of the specialty retailer’s stock valued at $5,144,000 after acquiring an additional 3,622 shares during the last quarter. SummitTX Capital L.P. bought a new stake in shares of Tractor Supply in the 1st quarter valued at approximately $5,566,000. Finally, Gateway Wealth Partners LLC bought a new stake in Tractor Supply in the first quarter worth $292,000. Hedge funds and other institutional investors 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.
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