Tractor Supply (NASDAQ:TSCO) Given New $40.00 Price Target at DA Davidson

Tractor Supply (NASDAQ:TSCOGet Free Report) had its price objective decreased by research analysts at DA Davidson from $50.00 to $40.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. DA Davidson’s price target points to a potential upside of 33.00% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Stephens dropped their price objective on Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 22nd. UBS Group cut their price objective on shares of Tractor Supply from $55.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Zacks Research upgraded shares of Tractor Supply from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Barclays cut their price target on shares of Tractor Supply from $51.00 to $44.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Finally, Telsey Advisory Group reduced their price target on shares of Tractor Supply from $63.00 to $52.00 and set an “outperform” rating for the company in a research report on Wednesday, April 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Tractor Supply presently has an average rating of “Moderate Buy” and a consensus target price of $45.58.

Read Our Latest Analysis on TSCO

Tractor Supply Stock Performance

Tractor Supply stock traded down $0.16 during mid-day trading on Monday, reaching $30.08. The company’s stock had a trading volume of 569,512 shares, compared to its average volume of 9,366,274. Tractor Supply has a 12-month low of $28.36 and a 12-month high of $63.99. The company has a market capitalization of $15.77 billion, a P/E ratio of 14.80, a PEG ratio of 2.29 and a beta of 0.47. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. The firm’s fifty day moving average price is $34.04 and its two-hundred day moving average price is $44.95.

Tractor Supply (NASDAQ:TSCOGet Free Report) last posted its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The company’s 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. Sell-side analysts predict that Tractor Supply will post 2.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Tractor Supply

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC bought a new stake in Tractor Supply during the first quarter valued at approximately $993,000. Rathbones Group PLC bought a new position in shares of Tractor Supply in the 1st quarter worth $215,000. Parallel Advisors LLC increased its holdings in shares of Tractor Supply by 630.5% in the 1st quarter. Parallel Advisors LLC now owns 56,241 shares of the specialty retailer’s stock worth $2,548,000 after buying an additional 48,542 shares during the last quarter. First Nebraska Trust Co purchased a new stake in shares of Tractor Supply during the 1st quarter valued at $1,456,000. Finally, Alpine Woods Capital Investors LLC raised its position in shares of Tractor Supply by 18.2% during the 1st quarter. Alpine Woods Capital Investors LLC now owns 51,513 shares of the specialty retailer’s stock valued at $2,334,000 after buying an additional 7,917 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Company Profile

(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.

Further Reading

Analyst Recommendations for Tractor Supply (NASDAQ:TSCO)

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