Tractor Supply (NASDAQ:TSCO – Get Free Report) had its price target dropped by equities research analysts at Loop Capital from $41.00 to $35.00 in a report issued on Tuesday,MarketScreener reports. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s price objective points to a potential upside of 15.76% from the stock’s current price.
A number of other equities research analysts have also commented on the company. Mizuho decreased their price target on Tractor Supply from $58.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 22nd. Wall Street Zen upgraded Tractor Supply from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Argus decreased their price target 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. JPMorgan Chase & Co. decreased their price target on Tractor Supply from $55.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Finally, Citigroup decreased their price target on Tractor Supply from $55.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Tractor Supply presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.96.
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Tractor Supply Price Performance
Tractor Supply (NASDAQ:TSCO – Get Free Report) last issued its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, equities analysts anticipate that Tractor Supply will post 2.14 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its position in shares of Tractor Supply by 6.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock worth $156,108,000 after purchasing an additional 184,146 shares in the last quarter. Swedbank AB grew its position in Tractor Supply by 3.3% during the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock worth $56,470,000 after buying an additional 36,495 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Tractor Supply by 44.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock worth $36,364,000 after buying an additional 222,750 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Tractor Supply by 4.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock worth $56,086,000 after buying an additional 46,010 shares in the last quarter. Finally, Speece Thorson Capital Group Inc. grew its position in Tractor Supply by 22.0% during the fourth quarter. Speece Thorson Capital Group Inc. now owns 307,359 shares of the specialty retailer’s stock worth $15,371,000 after buying an additional 55,493 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.
Tractor Supply Company Profile
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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