Tractor Supply (NASDAQ:TSCO) Price Target Lowered to $43.00 at The Goldman Sachs Group

by · The Markets Daily

Tractor Supply (NASDAQ:TSCO – Get Free Report) had its price objective cut by equities researchers at The Goldman Sachs Group from $45.00 to $43.00 in a research note issued to investors on Monday,MarketScreener reports. The firm presently has a “buy” rating on the specialty retailer’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 43.31% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Morgan Stanley lowered their price target on Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating for the company 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 report on Tuesday, April 21st. Wells Fargo & Company reduced their price target on shares of Tractor Supply from $55.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Argus decreased their target price on shares of Tractor Supply from $64.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Finally, Robert W. Baird set a $60.00 target price on Tractor Supply and gave the company an “outperform” rating in a research note on Friday, April 17th. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Tractor Supply presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

Get Our Latest Report on Tractor Supply

Tractor Supply Stock Down 0.8%

Tractor Supply stock traded down $0.23 during midday trading on Monday, reaching $30.00. The company’s stock had a trading volume of 1,058,026 shares, compared to its average volume of 9,369,176. The company has a market cap of $15.74 billion, a P/E ratio of 14.76, a P/E/G ratio of 2.29 and a beta of 0.47. 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 business has a 50-day simple moving average of $34.04 and a 200-day simple moving average of $44.95. Tractor Supply has a fifty-two week low of $28.36 and a fifty-two week high of $63.99.

Tractor Supply (NASDAQ:TSCO – Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.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 prior year, the company posted $0.34 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, research analysts expect that Tractor Supply will post 2.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tractor Supply

A number of institutional investors and hedge funds have recently modified their holdings of TSCO. Wellington Management Group LLP boosted its position in Tractor Supply by 1.6% during the third quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock worth $1,474,736,000 after purchasing an additional 420,731 shares in the last quarter. Capital International Investors grew its holdings in Tractor Supply by 3.9% in the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after purchasing an additional 902,659 shares during the last quarter. State Street Corp increased its position in shares of Tractor Supply by 0.7% in the fourth quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock valued at $1,152,819,000 after buying an additional 162,774 shares in the last quarter. Invesco Ltd. increased its position in shares of Tractor Supply by 18.4% in the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock valued at $871,855,000 after buying an additional 2,706,819 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Tractor Supply by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock worth $791,703,000 after buying an additional 184,457 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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