Zacks Research Downgrades Tractor Supply (NASDAQ:TSCO) to Strong Sell

Tractor Supply (NASDAQ:TSCO) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

TSCO has been the subject of several other research reports. UBS Group set a $33.00 price objective on Tractor Supply and gave the stock a “neutral” rating in a report on Tuesday. TD Cowen reissued a “hold” rating and issued a $38.00 target price (down from $53.00) on shares of Tractor Supply in a research report on Monday, April 27th. Wall Street Zen downgraded Tractor Supply from a “hold” rating to a “sell” rating in a research note on Sunday. Stephens reduced their price target on shares of Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 22nd. Finally, Morgan Stanley reduced their price target on shares of Tractor Supply from $57.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 22nd. Thirteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Tractor Supply presently has an average rating of “Hold” and an average target price of $43.38.

Tractor Supply Stock Up 1.0%

Shares of Tractor Supply stock opened at $30.55 on Monday. The company has a market cap of $16.02 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 2.29 and a beta of 0.46. The company’s 50 day moving average is $30.72 and its 200 day moving average is $42.32. Tractor Supply has a twelve month low of $28.36 and a twelve month 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) last posted its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $0.34 EPS. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Research analysts anticipate that Tractor Supply will post 2.11 EPS for the current year.

Institutional Trading of Tractor Supply

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Garner Asset Management Corp purchased a new stake in Tractor Supply during the 4th quarter valued at approximately $25,000. Elevation Wealth Partners LLC lifted its holdings in shares of Tractor Supply by 1,253.4% in the second quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock worth $25,000 after buying an additional 727 shares in the last quarter. Reflection Asset Management purchased a new position in shares of Tractor Supply in the fourth quarter worth $26,000. Aventura Private Wealth LLC bought a new position in shares of Tractor Supply during the fourth quarter worth $27,000. Finally, Core Wealth Advisors LLC purchased a new position in Tractor Supply during the fourth quarter valued at $27,000. 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.