Telsey Advisory Group Lowers Tractor Supply (NASDAQ:TSCO) Price Target to $38.00

Tractor Supply (NASDAQ:TSCO) had its target price lowered by equities research analysts at Telsey Advisory Group from $40.00 to $38.00 in a note issued to investors on Friday, Marketbeat reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 22.50% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Bank of America began coverage on Tractor Supply in a research note on Tuesday, April 7th. They issued a “neutral” rating and a $47.00 price target for the company. Zacks Research downgraded shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Gordon Haskett raised their target price on shares of Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. BNP Paribas Exane dropped their target price on shares of Tractor Supply from $58.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, April 22nd. Finally, Argus cut their price target on shares of Tractor Supply from $64.00 to $50.00 and set a “buy” rating for the company in a report on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Tractor Supply presently has a consensus rating of “Hold” and a consensus price target of $39.65.

Tractor Supply Trading Up 2.3%

Shares of NASDAQ:TSCO opened at $31.02 on Friday. The business’s 50 day simple moving average is $30.63 and its 200 day simple moving average is $41.24. Tractor Supply has a 1 year low of $28.36 and a 1 year high of $62.89. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.16. The company has a market capitalization of $16.27 billion, a P/E ratio of 16.16, a P/E/G ratio of 7.10 and a beta of 0.46.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.58 billion. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. Tractor Supply’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, research analysts anticipate that Tractor Supply will post 1.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Tractor Supply

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Tractor Supply during the fourth quarter worth $303,862,000. Select Equity Group L.P. lifted its stake in shares of Tractor Supply by 41.9% in the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock valued at $670,887,000 after acquiring an additional 3,753,414 shares during the last quarter. Invesco Ltd. boosted its holdings 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 valued at $871,855,000 after acquiring an additional 2,706,819 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Tractor Supply by 37.1% during the 4th quarter. Franklin Resources Inc. now owns 7,705,579 shares of the specialty retailer’s stock valued at $385,356,000 after acquiring an additional 2,086,472 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Tractor Supply by 46.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,046,977 shares of the specialty retailer’s stock worth $252,400,000 after acquiring an additional 1,595,803 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply News Roundup

Here are the key news stories impacting Tractor Supply this week:

• Positive Sentiment: Tractor Supply is expanding delivery options by launching Instacart same-day delivery from 2,400 stores, which could support convenience-driven sales and help offset softer in-store demand. Tractor Supply (TSCO) Launches Instacart Same Day Delivery From 2,400 Stores
• Neutral Sentiment: Analysts remain mixed after earnings, with Telsey Advisory Group trimming its price target to $38 while keeping an outperform rating, and Bank of America maintaining a hold rating with a $33 target. Telsey Advisory Group price target cut
• Neutral Sentiment: Tractor Supply reported second-quarter EPS of $0.81 and revenue of $4.54 billion, both slightly below expectations, while revenue still rose 2.3% year over year. Quarterly financial results
• Negative Sentiment: The company cut its full-year outlook, now guiding for EPS of $1.90 to $2.00 and revenue of $15.9 billion to $16.1 billion, below prior expectations, as it cited a tough May quarter and softer demand for discretionary and pet-related purchases. WSJ outlook cut article
• Negative Sentiment: Tractor Supply said it will close 75 Petsense stores, including six in Arkansas, signaling a restructuring of its pet business and pressure in that segment. Petsense store closure article

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.