Tractor Supply (NASDAQ:TSCO) Given New $40.00 Price Target at Argus

Tractor Supply (NASDAQ:TSCO) had its price target decreased by stock analysts at Argus from $50.00 to $40.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Argus’ price objective would suggest a potential upside of 25.79% from the company’s current price.

TSCO has been the topic of a number of other research reports. Wolfe Research set a $34.00 price target on Tractor Supply in a research report on Thursday, July 16th. Mizuho set a $28.00 price objective on Tractor Supply and gave the company a “neutral” rating in a research report on Friday. Raymond James Financial dropped their target price on Tractor Supply from $48.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Truist Financial set a $32.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a research report on Tuesday, June 16th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Tractor Supply from $55.00 to $48.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Thirteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Tractor Supply has a consensus rating of “Hold” and an average target price of $39.27.

Tractor Supply Price Performance

TSCO stock opened at $31.80 on Tuesday. The firm has a 50 day simple moving average of $30.63 and a two-hundred day simple moving average of $41.04. The stock has a market cap of $16.68 billion, a PE ratio of 16.56, a P/E/G ratio of 7.01 and a beta of 0.46. Tractor Supply has a one year low of $28.36 and a one year high of $62.89. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The company had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter last year, the business posted $0.81 EPS. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. On average, analysts predict that Tractor Supply will post 1.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Tractor Supply

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSCO. Bison Wealth LLC raised its holdings in Tractor Supply by 356.1% in the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer’s stock worth $341,000 after purchasing an additional 5,017 shares in the last quarter. Woodline Partners LP grew its position in shares of Tractor Supply by 40.7% in the 1st quarter. Woodline Partners LP now owns 45,132 shares of the specialty retailer’s stock worth $2,487,000 after buying an additional 13,051 shares during the period. Intech Investment Management LLC grew its position in shares of Tractor Supply by 26.9% in the 1st quarter. Intech Investment Management LLC now owns 26,162 shares of the specialty retailer’s stock worth $1,442,000 after buying an additional 5,542 shares during the period. Sei Investments Co. increased its stake in shares of Tractor Supply by 1.2% in the 2nd quarter. Sei Investments Co. now owns 316,009 shares of the specialty retailer’s stock worth $16,676,000 after acquiring an additional 3,631 shares in the last quarter. Finally, Glenview Trust co increased its stake in shares of Tractor Supply by 36.0% in the 2nd quarter. Glenview Trust co now owns 19,627 shares of the specialty retailer’s stock worth $1,036,000 after acquiring an additional 5,194 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Tractor Supply Company Profile

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.