Tractor Supply (NASDAQ:TSCO) Price Target Lowered to $35.00 at Wells Fargo & Company

Tractor Supply (NASDAQ:TSCO) had its price target dropped by equities researchers at Wells Fargo & Company from $47.00 to $35.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 14.57% from the stock’s previous close.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group reduced their price target on shares of Tractor Supply from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Truist Financial set a $32.00 price target on Tractor Supply and gave the company a “hold” rating in a report on Tuesday, June 16th. Gordon Haskett lifted their price objective on Tractor Supply from $40.00 to $50.00 in a report on Friday, June 12th. BNP Paribas Exane decreased their price target on shares of Tractor Supply from $58.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Tractor Supply from $55.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Thirteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Tractor Supply has an average rating of “Hold” and an average target price of $42.92.

Tractor Supply Trading Up 1.0%

Shares of NASDAQ:TSCO opened at $30.55 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.16 and a current ratio of 1.38. The stock’s 50-day moving average is $30.72 and its 200-day moving average is $42.32. The company has a market cap of $16.02 billion, a P/E ratio of 14.98, a P/E/G ratio of 2.29 and a beta of 0.46. Tractor Supply has a 52-week low of $28.36 and a 52-week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share (EPS) 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 business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Equities research analysts predict that Tractor Supply will post 2.11 earnings per share for the current year.

Institutional Investors Weigh In On Tractor Supply

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its holdings in shares of Tractor Supply by 6.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,121,526 shares of the specialty retailer’s stock valued at $156,108,000 after purchasing an additional 184,146 shares during the last quarter. Swedbank AB raised its position in shares of Tractor Supply by 3.3% in the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock valued at $56,470,000 after purchasing an additional 36,495 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Tractor Supply by 44.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock worth $36,364,000 after buying an additional 222,750 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Tractor Supply by 4.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock worth $56,086,000 after buying an additional 46,010 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its holdings in shares of Tractor Supply by 1.6% during the 4th quarter. King Luther Capital Management Corp now owns 2,387,723 shares of the specialty retailer’s stock worth $119,410,000 after buying an additional 36,778 shares during the period. Institutional investors own 98.72% of the company’s stock.

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.