Tractor Supply (NASDAQ:TSCO) Given New $55.00 Price Target at Citigroup

Tractor Supply (NASDAQ:TSCO) had its target price decreased by research analysts at Citigroup from $61.00 to $55.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Citigroup’s price target would suggest a potential upside of 26.03% from the company’s current price.

Several other brokerages have also issued reports on TSCO. Stephens set a $53.00 price target on shares of Tractor Supply and gave the company an “equal weight” rating in a report on Thursday, January 22nd. Wolfe Research reissued an “outperform” rating and issued a $57.00 price target on shares of Tractor Supply in a report on Friday, January 30th. Jefferies Financial Group lowered their price target on shares of Tractor Supply from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Tractor Supply in a report on Monday, December 29th. Finally, Bank of America began coverage on shares of Tractor Supply in a report on Tuesday. They issued a “neutral” rating and a $47.00 price target on the stock. Fourteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Tractor Supply presently has a consensus rating of “Moderate Buy” and an average target price of $58.52.

Tractor Supply Stock Performance

NASDAQ:TSCO traded down $1.75 during trading hours on Tuesday, hitting $43.64. 5,090,285 shares of the company traded hands, compared to its average volume of 6,942,557. The stock has a market capitalization of $22.96 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 2.19 and a beta of 0.75. Tractor Supply has a twelve month low of $43.23 and a twelve month high of $63.99. The firm has a 50-day moving average of $50.30 and a 200 day moving average of $52.51. The company has a current ratio of 1.34, a quick ratio of 0.16 and a debt-to-equity ratio of 0.70.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Thursday, January 29th. The specialty retailer reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03). The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $4.03 billion. Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. Tractor Supply’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.44 earnings per share. On average, analysts forecast that Tractor Supply will post 2.17 EPS for the current year.

Insider Activity

In other Tractor Supply news, EVP Colin Yankee sold 11,170 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $55.35, for a total transaction of $618,259.50. Following the sale, the executive vice president owned 45,515 shares of the company’s stock, valued at $2,519,255.25. This represents a 19.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kurt D. Barton sold 1,884 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $53.81, for a total transaction of $101,378.04. Following the sale, the chief financial officer directly owned 52,562 shares in the company, valued at approximately $2,828,361.22. This represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 222,348 shares of company stock worth $11,959,621. 0.65% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC boosted its stake in shares of Tractor Supply by 1.5% in the 4th quarter. Hsbc Holdings PLC now owns 1,486,935 shares of the specialty retailer’s stock valued at $74,336,000 after purchasing an additional 22,163 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Tractor Supply by 2.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 168,285 shares of the specialty retailer’s stock valued at $8,416,000 after purchasing an additional 3,923 shares during the last quarter. World Investment Advisors boosted its stake in shares of Tractor Supply by 66.2% in the 4th quarter. World Investment Advisors now owns 7,825 shares of the specialty retailer’s stock valued at $391,000 after purchasing an additional 3,117 shares during the last quarter. Union Savings Bank bought a new position in shares of Tractor Supply in the 4th quarter valued at about $270,000. Finally, Bayban bought a new position in shares of Tractor Supply in the 4th quarter valued at about $28,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Tractor Supply

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

• Positive Sentiment: Analysts and value screens are flagging TSCO as a potential rebound candidate because the shares are trading near their 52-week low, the dividend is intact and some research notes see upside once discretionary spending stabilizes. This frames TSCO as a beaten-down, defensive retail name with longer-term recovery potential. 3 Discounted Stocks With Strong Rebound Potential (TSCO)
• Neutral Sentiment: Bank of America reinstated coverage on TSCO with a Neutral rating and a $47 price target — the PT implies modest upside from current levels but the Neutral call signals limited near-term upside, so this is unlikely to spark a large rally. Tractor Supply Reinstated at Neutral by BofA as Discretionary Headwinds Limit Upside
• Neutral Sentiment: Tractor Supply launched an FFA-exclusive tote design contest tied to its Harvest Fest event, a PR/marketing initiative that supports community engagement and brand loyalty but is unlikely to move near-term revenue or profits materially. Tractor Supply Invites FFA Members Nationwide to Highlight “Life Out Here” in Harvest Fest Tote Bag Design Competition
• Negative Sentiment: Recent Q4 results showed TSCO missed top- and bottom-line estimates and discretionary categories were weak — that earnings miss and softer sales mix are the primary near-term catalyst pressuring the stock as investors worry about consumer discretionary spending trends. Q4 rundown: Tractor Supply (NASDAQ:TSCO) vs other specialty retail stocks

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.