Loop Capital Issues Pessimistic Forecast for Tractor Supply (NASDAQ:TSCO) Stock Price

by · The Markets Daily

Tractor Supply (NASDAQ:TSCO – Get Free Report) had its price target cut by research analysts at Loop Capital from $41.00 to $35.00 in a research report issued on Tuesday,MarketScreener reports. The firm presently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s target price suggests a potential upside of 15.76% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Guggenheim reaffirmed a “buy” rating and issued a $50.00 target price (down from $60.00) on shares of Tractor Supply in a report on Friday, June 5th. The Goldman Sachs Group reduced their target price on Tractor Supply from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, June 8th. BNP Paribas Exane reduced their target price on Tractor Supply from $58.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Jefferies Financial Group restated a “buy” rating and issued a $51.00 target price on shares of Tractor Supply in a research report on Tuesday, April 21st. Finally, Argus cut their target price on shares of Tractor Supply from $64.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Fourteen analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.96.

View Our Latest Stock Analysis on TSCO

Tractor Supply Price Performance

Shares of TSCO stock traded down $0.65 during trading hours on Tuesday, reaching $30.24. The company’s stock had a trading volume of 1,917,269 shares, compared to its average volume of 9,188,565. The firm’s 50 day simple moving average is $35.19 and its 200-day simple moving average is $45.63. The company has a market capitalization of $15.86 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 2.34 and a beta of 0.47. Tractor Supply has a fifty-two week low of $28.36 and a fifty-two week 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.

Tractor Supply (NASDAQ:TSCO – Get Free Report) last issued its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Sell-side analysts forecast that Tractor Supply will post 2.14 earnings per share for the current year.

Institutional Investors Weigh In On Tractor Supply

Several hedge funds have recently modified their holdings of the company. Advyzon Investment Management LLC boosted its holdings in shares of Tractor Supply by 4.3% during the 4th quarter. Advyzon Investment Management LLC now owns 4,462 shares of the specialty retailer’s stock valued at $223,000 after acquiring an additional 183 shares in the last quarter. Field & Main Bank raised its position in Tractor Supply by 1.1% during the 4th quarter. Field & Main Bank now owns 18,835 shares of the specialty retailer’s stock worth $942,000 after purchasing an additional 200 shares during the last quarter. Oak Thistle LLC raised its position in Tractor Supply by 0.9% during the 4th quarter. Oak Thistle LLC now owns 24,911 shares of the specialty retailer’s stock worth $1,246,000 after purchasing an additional 215 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its position in Tractor Supply by 5.1% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 4,514 shares of the specialty retailer’s stock worth $257,000 after purchasing an additional 218 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Tractor Supply by 22.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,190 shares of the specialty retailer’s stock worth $63,000 after purchasing an additional 220 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

About Tractor Supply

(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.

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