Raymond James Financial Lowers Tractor Supply (NASDAQ:TSCO) Price Target to $40.00

Tractor Supply (NASDAQ:TSCO) had its target price decreased by investment analysts at Raymond James Financial from $48.00 to $40.00 in a research report issued on Friday, MarketBeat Ratings reports. The firm currently has an “outperform” rating on the specialty retailer’s stock. Raymond James Financial’s target price suggests a potential upside of 31.10% from the stock’s previous close.

TSCO has been the topic of a number of other research reports. TD Cowen reiterated a “hold” rating on shares of Tractor Supply in a report on Wednesday. Bank of America assumed coverage on shares of Tractor Supply in a report on Tuesday, April 7th. They set a “neutral” rating and a $47.00 price target for the company. Stephens lowered their price objective on shares of Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 22nd. UBS Group set a $33.00 price objective on shares of Tractor Supply and gave the company a “neutral” rating in a research note on Tuesday. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $51.00 target price on shares of Tractor Supply in a research report on Tuesday, April 21st. Thirteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Tractor Supply has an average rating of “Hold” and an average price target of $41.73.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $30.51 on Friday. Tractor Supply has a 12 month low of $28.36 and a 12 month high of $63.99. The company has a quick ratio of 0.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The stock has a market cap of $16.00 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.32 and a beta of 0.46. The business has a fifty day simple moving average of $30.65 and a 200-day simple moving average of $41.94.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. The firm’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, sell-side analysts anticipate that Tractor Supply will post 2.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Tractor Supply

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in Tractor Supply by 6.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock valued at $156,108,000 after acquiring an additional 184,146 shares during the period. Swedbank AB lifted its position in shares of Tractor Supply by 3.3% in the 4th quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock worth $56,470,000 after acquiring an additional 36,495 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Tractor Supply by 44.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock worth $36,364,000 after acquiring an additional 222,750 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Tractor Supply by 4.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock worth $56,086,000 after purchasing an additional 46,010 shares in the last quarter. Finally, King Luther Capital Management Corp grew its holdings in shares of Tractor Supply by 1.6% during the 4th quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer’s stock worth $119,410,000 after purchasing an additional 36,778 shares in the last quarter. 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.