TD Cowen Lowers Tractor Supply (NASDAQ:TSCO) Price Target to $55.00

Tractor Supply (NASDAQ:TSCO) had its target price lowered by equities research analysts at TD Cowen from $62.00 to $55.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the specialty retailer’s stock. TD Cowen’s price target indicates a potential upside of 8.10% from the company’s current price.

Several other equities analysts have also commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $70.00 target price on shares of Tractor Supply in a report on Thursday, October 23rd. Evercore ISI upgraded Tractor Supply from a “hold” rating to an “outperform” rating and upped their price objective for the stock from $60.00 to $65.00 in a research note on Wednesday, November 5th. Mizuho raised their target price on Tractor Supply from $64.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. DA Davidson set a $70.00 price target on shares of Tractor Supply in a report on Friday, October 24th. Finally, Truist Financial set a $55.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a report on Friday. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Tractor Supply has a consensus rating of “Moderate Buy” and a consensus target price of $62.48.

Tractor Supply Stock Down 0.3%

Tractor Supply stock traded down $0.13 during midday trading on Tuesday, hitting $50.88. The stock had a trading volume of 3,429,169 shares, compared to its average volume of 7,123,604. Tractor Supply has a 12 month low of $46.85 and a 12 month high of $63.99. The company has a current ratio of 1.30, a quick ratio of 0.14 and a debt-to-equity ratio of 0.69. The stock has a market cap of $26.88 billion, a P/E ratio of 24.46, a P/E/G ratio of 2.38 and a beta of 0.74. The business has a fifty day moving average price of $52.47 and a 200 day moving average price of $55.88.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. Research analysts predict that Tractor Supply will post 2.17 EPS for the current year.

Hedge Funds Weigh In On Tractor Supply

Several large investors have recently made changes to their positions in the business. Delos Wealth Advisors LLC acquired a new stake in Tractor Supply during the second quarter valued at approximately $26,000. JPL Wealth Management LLC bought a new stake in shares of Tractor Supply during the 3rd quarter worth $28,000. Aventura Private Wealth LLC acquired a new position in shares of Tractor Supply in the 4th quarter worth $27,000. Opal Wealth Advisors LLC acquired a new stake in shares of Tractor Supply during the second quarter worth $35,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of Tractor Supply during the second quarter valued at $38,000. 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.