Gordon Haskett Increases Tractor Supply (NASDAQ:TSCO) Price Target to $50.00

Tractor Supply (NASDAQ:TSCO) had its price objective increased by research analysts at Gordon Haskett from $40.00 to $50.00 in a research report issued on Friday,MarketScreener reports. Gordon Haskett’s price objective indicates a potential upside of 60.00% from the stock’s previous close.

A number of other research firms have also weighed in on TSCO. Wall Street Zen upgraded Tractor Supply from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings lowered Tractor Supply from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 8th. Truist Financial set a $44.00 price target on Tractor Supply and gave the company a “hold” rating in a report on Tuesday, April 21st. Bank of America initiated coverage on Tractor Supply in a research report on Tuesday, April 7th. They issued a “neutral” rating and a $47.00 price objective on the stock. Finally, DA Davidson dropped their price objective on shares of Tractor Supply from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Fourteen analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.81.

Tractor Supply Stock Performance

NASDAQ:TSCO traded down $0.01 during midday trading on Friday, hitting $31.25. The company’s stock had a trading volume of 11,955,015 shares, compared to its average volume of 12,201,230. Tractor Supply has a fifty-two week low of $28.36 and a fifty-two week high of $63.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.16. The firm has a market cap of $16.39 billion, a P/E ratio of 15.32, a P/E/G ratio of 2.34 and a beta of 0.47. The firm’s 50 day moving average is $35.45 and its 200-day moving average is $45.85.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). The business had revenue of $3.59 billion for 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 revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Equities analysts anticipate that Tractor Supply will post 2.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its position 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 acquiring an additional 184,146 shares in the last quarter. Swedbank AB increased its position in shares of Tractor Supply by 3.3% during the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock worth $56,470,000 after purchasing an additional 36,495 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Tractor Supply by 44.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 727,125 shares of the specialty retailer’s stock valued at $36,364,000 after purchasing an additional 222,750 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Tractor Supply by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock valued at $56,086,000 after purchasing an additional 46,010 shares in the last quarter. Finally, Speece Thorson Capital Group Inc. lifted its holdings in Tractor Supply by 22.0% in the 4th quarter. Speece Thorson Capital Group Inc. now owns 307,359 shares of the specialty retailer’s stock valued at $15,371,000 after purchasing an additional 55,493 shares in the last quarter. Hedge funds and other 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.