Tractor Supply (NASDAQ:TSCO) Given New $45.00 Price Target at The Goldman Sachs Group

Tractor Supply (NASDAQ:TSCOGet Free Report) had its target price lowered by equities research analysts at The Goldman Sachs Group from $55.00 to $45.00 in a research report issued on Monday,MarketScreener reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 47.49% from the stock’s current price.

A number of other equities analysts have also recently issued reports on TSCO. DA Davidson cut their target price on Tractor Supply from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Evercore decreased their price target on shares of Tractor Supply from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Tuesday, May 19th. Truist Financial set a $44.00 price objective on shares of Tractor Supply and gave the company a “hold” rating in a research note on Tuesday, April 21st. Mizuho reduced their price objective on shares of Tractor Supply from $58.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, April 22nd. Finally, Citigroup decreased their target price on shares of Tractor Supply from $55.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Fourteen research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $46.42.

Read Our Latest Stock Report on TSCO

Tractor Supply Stock Up 2.5%

Shares of NASDAQ TSCO traded up $0.73 during trading on Monday, hitting $30.51. 2,160,301 shares of the company traded hands, compared to its average volume of 9,032,736. The firm has a market capitalization of $16.00 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 2.23 and a beta of 0.47. The business’s fifty day moving average is $36.90 and its 200 day moving average is $46.58. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. Tractor Supply has a fifty-two week low of $28.36 and a fifty-two week high of $63.99.

Tractor Supply (NASDAQ:TSCOGet 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 firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Equities research analysts predict that Tractor Supply will post 2.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tractor Supply

Several hedge funds have recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of Tractor Supply by 1.6% during the third quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock valued at $1,474,736,000 after acquiring an additional 420,731 shares during the last quarter. Capital International Investors boosted its stake in Tractor Supply by 3.9% in the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after acquiring an additional 902,659 shares during the last quarter. State Street Corp grew its position in shares of Tractor Supply by 0.7% during the 4th quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock valued at $1,152,819,000 after acquiring an additional 162,774 shares during the period. Invesco Ltd. increased its stake in shares of Tractor Supply by 18.4% during the 4th quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock worth $871,855,000 after purchasing an additional 2,706,819 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Tractor Supply by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock worth $791,703,000 after purchasing an additional 184,457 shares during the period. Institutional investors own 98.72% of the company’s stock.

About Tractor Supply

(Get Free Report)

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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Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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