Tractor Supply (NASDAQ:TSCO) Receives Outperform Rating from Telsey Advisory Group

Tractor Supply (NASDAQ:TSCO)‘s stock had its “outperform” rating restated by equities researchers at Telsey Advisory Group in a research note issued to investors on Thursday,Benzinga reports. They presently have a $67.00 target price on the specialty retailer’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 23.41% from the company’s current price. Telsey Advisory Group also issued estimates for Tractor Supply’s Q4 2024 earnings at $0.46 EPS, FY2024 earnings at $2.06 EPS, Q1 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.51 EPS and FY2026 earnings at $2.45 EPS.

TSCO has been the topic of several other reports. Wedbush reissued a “neutral” rating and set a $54.00 price target on shares of Tractor Supply in a research report on Friday, October 25th. Mizuho boosted their price objective on shares of Tractor Supply from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. UBS Group increased their target price on shares of Tractor Supply from $54.40 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Citigroup downgraded shares of Tractor Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Bank of America boosted their target price on Tractor Supply from $44.00 to $53.00 and gave the company an “underperform” rating in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.58.

Tractor Supply Price Performance

NASDAQ:TSCO traded down $2.87 during trading hours on Thursday, reaching $54.29. 9,177,096 shares of the company’s stock were exchanged, compared to its average volume of 5,341,426. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $29.00 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 3.31 and a beta of 0.84. Tractor Supply has a 12 month low of $44.35 and a 12 month high of $61.53. The business’s 50-day simple moving average is $55.29 and its two-hundred day simple moving average is $55.24.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, January 30th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.28 by ($1.84). Tractor Supply had a return on equity of 50.19% and a net margin of 7.53%. Sell-side analysts expect that Tractor Supply will post 2.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Tractor Supply

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. PrairieView Partners LLC boosted its holdings in Tractor Supply by 400.0% during the fourth quarter. PrairieView Partners LLC now owns 500 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 400 shares in the last quarter. Future Financial Wealth Managment LLC grew its stake in Tractor Supply by 400.0% during the fourth quarter. Future Financial Wealth Managment LLC now owns 500 shares of the specialty retailer’s stock worth $27,000 after buying an additional 400 shares during the last quarter. Archer Investment Corp increased its holdings in shares of Tractor Supply by 400.0% during the fourth quarter. Archer Investment Corp now owns 500 shares of the specialty retailer’s stock worth $27,000 after buying an additional 400 shares in the last quarter. Kentucky Trust Co bought a new position in shares of Tractor Supply in the fourth quarter valued at approximately $27,000. Finally, First Personal Financial Services acquired a new position in shares of Tractor Supply in the 3rd quarter worth approximately $29,000. 98.72% of the stock is owned by institutional investors.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.