Robert W. Baird Forecasts Strong Price Appreciation for Tractor Supply (NASDAQ:TSCO) Stock

Tractor Supply (NASDAQ:TSCO) had its target price lifted by stock analysts at Robert W. Baird from $65.00 to $67.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Robert W. Baird’s price objective indicates a potential upside of 18.90% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. UBS Group boosted their price target on shares of Tractor Supply from $54.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Telsey Advisory Group restated an “outperform” rating and issued a $70.00 price objective on shares of Tractor Supply in a report on Thursday. Wolfe Research assumed coverage on shares of Tractor Supply in a report on Thursday, September 18th. They issued an “outperform” rating and a $70.00 price objective for the company. Piper Sandler lifted their price objective on shares of Tractor Supply from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Finally, Truist Financial lifted their price objective on shares of Tractor Supply from $60.00 to $66.00 and gave the company a “buy” rating in a report on Friday, July 25th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.75.

Tractor Supply Price Performance

Tractor Supply stock opened at $56.35 on Friday. The company’s 50 day simple moving average is $58.29 and its 200-day simple moving average is $55.01. The company has a market capitalization of $29.86 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 2.81 and a beta of 0.73. Tractor Supply has a 1 year low of $46.85 and a 1 year high of $63.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 1.28.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. As a group, equities research analysts expect that Tractor Supply will post 2.17 earnings per share for the current year.

Insider Buying and Selling at Tractor Supply

In other news, EVP Colin Yankee sold 6,680 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $58.40, for a total transaction of $390,112.00. Following the completion of the sale, the executive vice president owned 40,142 shares in the company, valued at approximately $2,344,292.80. The trade was a 14.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.65% of the company’s stock.

Institutional Trading of Tractor Supply

Institutional investors have recently modified their holdings of the stock. APG Asset Management N.V. lifted its position in shares of Tractor Supply by 33.3% during the 1st quarter. APG Asset Management N.V. now owns 475,484 shares of the specialty retailer’s stock worth $24,254,000 after buying an additional 118,884 shares during the last quarter. Ameriprise Financial Inc. raised its position in Tractor Supply by 19.4% in the 1st quarter. Ameriprise Financial Inc. now owns 2,064,224 shares of the specialty retailer’s stock valued at $113,745,000 after purchasing an additional 335,563 shares during the last quarter. Bahl & Gaynor Inc. raised its position in Tractor Supply by 31.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 177,636 shares of the specialty retailer’s stock valued at $9,788,000 after purchasing an additional 41,989 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Tractor Supply by 7.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 70,944 shares of the specialty retailer’s stock valued at $3,911,000 after purchasing an additional 5,184 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Tractor Supply by 9.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 112,233 shares of the specialty retailer’s stock valued at $6,184,000 after purchasing an additional 9,483 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Company Profile

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.